SBI Securities Co. Ltd. Acquires New Stake in Gorilla Technology Group Inc. (NASDAQ:GRRR)

SBI Securities Co. Ltd. bought a new position in shares of Gorilla Technology Group Inc. (NASDAQ:GRRR) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 76,937 shares of the company’s stock, valued at approximately $1,389,000.

Separately, Transcendent Capital Group LLC bought a new position in shares of Gorilla Technology Group during the fourth quarter worth about $72,000. Institutional investors and hedge funds own 1.33% of the company’s stock.

Gorilla Technology Group Price Performance

NASDAQ:GRRR opened at $30.28 on Monday. Gorilla Technology Group Inc. has a 52 week low of $2.09 and a 52 week high of $34.41. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.08. The firm’s fifty day moving average is $18.92 and its 200-day moving average is $9.66.

Wall Street Analyst Weigh In

Separately, Northland Securities upped their target price on Gorilla Technology Group from $13.00 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd.

Gorilla Technology Group Company Profile

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.