Commonwealth Equity Services LLC Raises Stock Position in Gorilla Technology Group Inc. (NASDAQ:GRRR)

Commonwealth Equity Services LLC grew its holdings in Gorilla Technology Group Inc. (NASDAQ:GRRR) by 41.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,991 shares of the company’s stock after acquiring an additional 11,663 shares during the period. Commonwealth Equity Services LLC owned about 0.22% of Gorilla Technology Group worth $722,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Transcendent Capital Group LLC bought a new stake in Gorilla Technology Group during the 4th quarter valued at approximately $72,000. 1.33% of the stock is currently owned by institutional investors.

Gorilla Technology Group Stock Down 17.3 %

Shares of NASDAQ GRRR opened at $20.77 on Thursday. Gorilla Technology Group Inc. has a 52-week low of $2.09 and a 52-week high of $44.15. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.08. The firm’s fifty day moving average is $24.40 and its two-hundred day moving average is $13.74.

Analyst Upgrades and Downgrades

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

About Gorilla Technology Group

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.