Creative Financial Designs Inc. ADV Purchases New Shares in Gorilla Technology Group Inc. (NASDAQ:GRRR)

Creative Financial Designs Inc. ADV purchased a new position in shares of Gorilla Technology Group Inc. (NASDAQ:GRRR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,500 shares of the company’s stock, valued at approximately $135,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new stake in shares of Gorilla Technology Group during the fourth quarter worth about $72,000. GSA Capital Partners LLP purchased a new stake in Gorilla Technology Group during the 3rd quarter worth approximately $55,000. Commonwealth Equity Services LLC increased its holdings in Gorilla Technology Group by 41.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 39,991 shares of the company’s stock worth $722,000 after purchasing an additional 11,663 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Gorilla Technology Group in the 4th quarter valued at approximately $1,389,000. Institutional investors and hedge funds own 1.33% of the company’s stock.

Gorilla Technology Group Stock Performance

Shares of GRRR stock opened at $23.67 on Friday. Gorilla Technology Group Inc. has a one year low of $2.09 and a one year high of $44.15. The company’s 50-day simple moving average is $22.29 and its 200-day simple moving average is $12.26. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.08.

Analyst Upgrades and Downgrades

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

Gorilla Technology Group 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.