Stifel Financial Corp bought a new stake in Gorilla Technology Group Inc. (NASDAQ:GRRR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 22,831 shares of the company's stock, valued at approximately $412,000. Stifel Financial Corp owned 0.12% of Gorilla Technology Group at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in GRRR. Transcendent Capital Group LLC purchased a new position in shares of Gorilla Technology Group in the 4th quarter valued at $72,000. SBI Securities Co. Ltd. purchased a new position in shares of Gorilla Technology Group in the 4th quarter valued at $1,389,000. Commonwealth Equity Services LLC raised its stake in shares of Gorilla Technology Group by 41.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 39,991 shares of the company's stock valued at $722,000 after acquiring an additional 11,663 shares during the period. Creative Financial Designs Inc. ADV purchased a new position in shares of Gorilla Technology Group in the 4th quarter valued at $135,000. Finally, XTX Topco Ltd purchased a new position in shares of Gorilla Technology Group in the 4th quarter valued at $426,000. Hedge funds and other institutional investors own 1.33% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Northland Securities raised their target price on shares of Gorilla Technology Group from $13.00 to $18.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd.
View Our Latest Analysis on Gorilla Technology Group
Gorilla Technology Group Stock Performance
GRRR traded down $0.86 during trading hours on Monday, reaching $16.86. 852,203 shares of the stock traded hands, compared to its average volume of 1,806,143. The firm's fifty day simple moving average is $20.32 and its two-hundred day simple moving average is $17.04. Gorilla Technology Group Inc. has a fifty-two week low of $2.09 and a fifty-two week high of $44.15. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.72 and a quick ratio of 1.72.
Gorilla Technology Group Company Profile
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Free Report)
Gorilla Technology Group Inc provides video intelligence, Internet of Things (IoT) security, and edge content management hardware, software, and services in the Asia Pacific region. The company operates through three segments: Video IoT, Security Convergence, and Other segments. It offers intelligent video analytics AI models for various verticals, such as behavioral analytics, people/face recognition, vehicle analysis, object recognition, and business intelligence that can scan video for patterns and distinguish specific items using AI algorithms and metadata.
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