Gorilla Technology Group (NASDAQ:GRRR) Director Evan Medeiros Sells 12,604 Shares

Gorilla Technology Group Inc. (NASDAQ:GRRR) Director Evan Medeiros sold 12,604 shares of Gorilla Technology Group stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $12.16, for a total value of $153,264.64. Following the transaction, the director owned 20,936 shares in the company, valued at approximately $254,581.76. This represents a 37.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Gorilla Technology Group Stock Performance

GRRR stock opened at $12.52 on Friday. The business’s 50-day moving average price is $11.42 and its two-hundred day moving average price is $13.42. The company has a current ratio of 3.33, a quick ratio of 3.64 and a debt-to-equity ratio of 0.02. The firm has a market cap of $252.15 million, a PE ratio of 46.37 and a beta of -0.14. Gorilla Technology Group Inc. has a 1-year low of $9.04 and a 1-year high of $27.90.

Wall Street Analyst Weigh In

Several research analysts have weighed in on GRRR shares. Northland Securities set a $40.00 target price on Gorilla Technology Group in a report on Thursday, January 29th. Zacks Research upgraded Gorilla Technology Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $35.50.

Institutional Trading of Gorilla Technology Group

Several institutional investors and hedge funds have recently bought and sold shares of GRRR. Bank of America Corp DE increased its position in Gorilla Technology Group by 60.0% during the second quarter. Bank of America Corp DE now owns 1,920 shares of the company’s stock worth $38,000 after buying an additional 720 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Gorilla Technology Group during the third quarter worth approximately $50,000. NewEdge Advisors LLC acquired a new position in Gorilla Technology Group during the first quarter worth approximately $61,000. Sunbelt Securities Inc. acquired a new position in Gorilla Technology Group during the third quarter worth approximately $90,000. Finally, Vident Advisory LLC acquired a new position in Gorilla Technology Group during the fourth quarter worth approximately $110,000. Institutional investors own 1.33% of the company’s stock.

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.