Gauzy’s (NASDAQ:GAUZ) Lock-Up Period Will Expire on December 3rd

Gauzy’s (NASDAQ:GAUZ) lock-up period is set to expire on Tuesday, December 3rd. Gauzy had issued 4,411,765 shares in its initial public offering on June 6th. The total size of the offering was $75,000,005 based on an initial share price of $17.00. After the end of Gauzy’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GAUZ. Barclays cut their price target on Gauzy from $24.00 to $15.00 and set an “overweight” rating on the stock in a report on Wednesday, November 13th. TD Cowen cut their target price on Gauzy from $24.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, B. Riley cut their target price on Gauzy from $15.50 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th.

Gauzy Trading Down 1.5 %

Shares of NASDAQ GAUZ opened at $7.96 on Thursday. Gauzy has a 12-month low of $6.78 and a 12-month high of $17.10. The business’s 50 day simple moving average is $8.80. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.16 and a quick ratio of 0.85.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Ibex Investors LLC acquired a new position in shares of Gauzy during the second quarter valued at $40,030,000. Driehaus Capital Management LLC bought a new position in Gauzy in the 2nd quarter valued at about $4,289,000. Millennium Management LLC bought a new position in Gauzy in the 2nd quarter valued at about $2,824,000. Ghisallo Capital Management LLC acquired a new position in Gauzy during the 2nd quarter valued at about $1,491,000. Finally, Empyrean Capital Partners LP acquired a new position in Gauzy during the 2nd quarter valued at about $1,202,000.

About Gauzy

Gauzy Ltd. is a fully-integrated light and vision control company which focused on the research, development, manufacturing and marketing of vision and light control technologies. It operates principally in Germany, France, the United States, Canada, China, Singapore and Dubai. Gauzy Ltd. is headquartered in Tel Aviv, Israel.