Oppenheimer & Co. Inc. Purchases 55,155 Shares of Gorilla Technology Group Inc. $GRRR

Oppenheimer & Co. Inc. increased its position in Gorilla Technology Group Inc. (NASDAQ:GRRR) by 82.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,456 shares of the company’s stock after buying an additional 55,155 shares during the period. Oppenheimer & Co. Inc. owned 0.61% of Gorilla Technology Group worth $1,337,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in Gorilla Technology Group by 60.0% in the 2nd quarter. Bank of America Corp DE now owns 1,920 shares of the company’s stock worth $38,000 after acquiring an additional 720 shares during the last quarter. NewEdge Advisors LLC bought a new position in shares of Gorilla Technology Group during the 1st quarter valued at approximately $61,000. FNY Investment Advisers LLC purchased a new position in shares of Gorilla Technology Group in the third quarter valued at $50,000. Sunbelt Securities Inc. purchased a new position in shares of Gorilla Technology Group in the third quarter valued at $90,000. Finally, Rathbones Group PLC bought a new stake in Gorilla Technology Group in the third quarter worth $196,000. 1.33% of the stock is owned by institutional investors.

Insider Buying and Selling at Gorilla Technology Group

In other news, Director Evan S. Medeiros sold 12,604 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $12.16, for a total transaction of $153,264.64. Following the transaction, the director owned 20,936 shares of the company’s stock, valued at approximately $254,581.76. This represents a 37.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Wall Street Analysts Forecast Growth

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

Gorilla Technology Group Stock Down 0.2%

Shares of NASDAQ:GRRR opened at $15.12 on Wednesday. The business’s 50 day moving average is $11.76 and its 200 day moving average is $12.93. The stock has a market cap of $395.86 million, a P/E ratio of 55.98 and a beta of 0.16. Gorilla Technology Group Inc. has a 52-week low of $9.04 and a 52-week high of $27.90. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.02.

Gorilla Technology Group 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.