UBS Group AG Buys 394,443 Shares of Gorilla Technology Group Inc. $GRRR

UBS Group AG boosted its holdings in Gorilla Technology Group Inc. (NASDAQ:GRRR) by 191.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 600,310 shares of the company’s stock after purchasing an additional 394,443 shares during the period. UBS Group AG owned about 2.98% of Gorilla Technology Group worth $6,555,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in GRRR. Capital Fund Management S.A. bought a new position in Gorilla Technology Group in the third quarter valued at $1,500,000. SBI Securities Co. Ltd. grew its position in Gorilla Technology Group by 23.3% in the third quarter. SBI Securities Co. Ltd. now owns 192,411 shares of the company’s stock valued at $3,552,000 after purchasing an additional 36,416 shares in the last quarter. Squarepoint Ops LLC bought a new position in Gorilla Technology Group in the third quarter valued at $572,000. Counterpoint Mutual Funds LLC bought a new position in Gorilla Technology Group in the third quarter valued at $471,000. Finally, Virtu Financial LLC bought a new position in Gorilla Technology Group in the third quarter valued at $348,000. Institutional investors own 1.33% of the company’s stock.

Insider Activity at Gorilla Technology Group

In other news, Director Evan S. Medeiros sold 12,604 shares of Gorilla Technology Group 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 transaction, the director owned 20,936 shares of the company’s stock, valued at $254,581.76. This trade represents a 37.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Analyst Upgrades and Downgrades

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

Gorilla Technology Group Stock Performance

Shares of GRRR opened at $12.78 on Wednesday. The firm has a 50-day moving average of $12.22 and a 200-day moving average of $12.74. Gorilla Technology Group Inc. has a one year low of $9.04 and a one year high of $27.90. The company has a market cap of $334.71 million, a PE ratio of 47.33 and a beta of 0.16. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.33 and a quick ratio of 3.33.

About Gorilla Technology Group

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.