UBS Group AG Has $6.56 Million Stock Holdings in Gorilla Technology Group Inc. $GRRR

UBS Group AG lifted its stake in shares of Gorilla Technology Group Inc. (NASDAQ:GRRR) by 191.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 600,310 shares of the company’s stock after buying an additional 394,443 shares during the quarter. UBS Group AG’s holdings in Gorilla Technology Group were worth $6,555,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Gorilla Technology Group by 39.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 20,765 shares of the company’s stock worth $227,000 after buying an additional 5,840 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Gorilla Technology Group during the 3rd quarter worth about $50,000. Sunbelt Securities Inc. acquired a new stake in shares of Gorilla Technology Group during the 3rd quarter worth about $90,000. Millennium Management LLC acquired a new stake in shares of Gorilla Technology Group during the 3rd quarter worth about $278,000. Finally, Virtu Financial LLC acquired a new stake in shares of Gorilla Technology Group during the 3rd quarter worth about $348,000. Institutional investors and hedge funds own 1.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on GRRR shares. Zacks Research cut shares of Gorilla Technology Group from a “hold” rating to a “strong sell” rating in a research note on Monday, April 20th. Northland Securities set a $40.00 target price on shares of Gorilla Technology Group in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $35.50.

Gorilla Technology Group Stock Performance

NASDAQ GRRR opened at $12.78 on Wednesday. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $334.71 million, a P/E ratio of 47.33 and a beta of 0.16. Gorilla Technology Group Inc. has a 12-month low of $9.04 and a 12-month high of $27.90. The firm has a 50-day moving average price of $12.22 and a two-hundred day moving average price of $12.74.

Insider Transactions at Gorilla Technology Group

In other Gorilla Technology Group news, Director Evan S. Medeiros sold 12,604 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $12.16, for a total value of $153,264.64. Following the completion of the sale, the director owned 20,936 shares of the company’s stock, valued at $254,581.76. The trade was a 37.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Gorilla Technology Group Company Profile

Gorilla Technology Group is a Taiwan‐based provider of video computing and artificial intelligence solutions, offering software and hardware platforms for real‐time video analytics, facial recognition and edge‐computing applications. The company’s core business centers on the development of AI‐driven surveillance technologies that can be deployed in cloud, on-premise or hybrid environments. Gorilla Technology Group’s platforms are designed to process high-volume video data streams for security monitoring, operational optimization and business intelligence.

The company’s flagship offerings include video management systems integrated with smart analytics modules, IoT gateways for edge-level data processing and AI engines for tasks such as people counting, license plate recognition and behavioral analysis.