Gloo’s (GLOO) “Market Outperform” Rating Reiterated at Citizens Jmp

Citizens Jmp reiterated their market outperform rating on shares of Gloo (NASDAQ:GLOO) in a research note published on Thursday morning,Benzinga reports. The firm currently has a $8.00 target price on the stock.

A number of other equities analysts have also recently commented on the stock. Lake Street Capital reduced their price objective on shares of Gloo from $12.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday. Citigroup initiated coverage on shares of Gloo in a research note on Monday, July 20th. They set an “outperform” rating for the company. Wall Street Zen raised shares of Gloo from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. Weiss Ratings upgraded shares of Gloo from a “sell (e)” rating to a “sell (d-)” rating in a research note on Wednesday, August 12th. Finally, Benchmark upped their price target on shares of Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.00.

Gloo Stock Performance

GLOO opened at $3.33 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.94 and a debt-to-equity ratio of 0.11. Gloo has a 12-month low of $2.90 and a 12-month high of $9.98. The business has a 50 day moving average of $3.31 and a 200-day moving average of $4.84. The stock has a market cap of $273.43 million and a price-to-earnings ratio of -0.46.

Gloo (NASDAQ:GLOO) last posted its earnings results on Wednesday, September 9th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.14). The company had revenue of $46.57 million during the quarter. On average, equities research analysts expect that Gloo will post -0.65 earnings per share for the current year.

Insider Activity at Gloo

In other news, CEO Scott Beck acquired 1,076,923 shares of the firm’s stock in a transaction on Friday, July 10th. The shares were purchased at an average cost of $3.25 per share, with a total value of $3,499,999.75. Following the acquisition, the chief executive officer directly owned 1,523,309 shares in the company, valued at $4,950,754.25. This represents a 241.25% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Financial For Luthera Thrivent sold 10,000 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $3.03, for a total value of $30,300.00. Following the transaction, the insider owned 4,075,000 shares in the company, valued at $12,347,250. The trade was a 0.24% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders bought 2,615,383 shares of company stock worth $8,499,995 and sold 458,200 shares worth $1,654,363. 45.23% of the stock is currently owned by corporate insiders.

Institutional Trading of Gloo

A number of institutional investors have recently bought and sold shares of GLOO. EverSource Wealth Advisors LLC raised its position in shares of Gloo by 263.4% in the first quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock valued at $27,000 after buying an additional 3,996 shares in the last quarter. Jane Street Group LLC acquired a new stake in Gloo during the fourth quarter worth approximately $82,000. 1492 Capital Management LLC increased its stake in Gloo by 5.5% during the 1st quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock worth $1,451,000 after acquiring an additional 15,824 shares during the period. Beacon Pointe Advisors LLC acquired a new position in Gloo in the 4th quarter valued at $142,000. Finally, Marshall Wace LLP acquired a new position in Gloo in the 4th quarter valued at $173,000.

Trending Headlines about Gloo

Here are the key news stories impacting Gloo this week:

• Positive Sentiment: Management projected approximately $200 million in fiscal 2026 revenue, above the roughly $186 million consensus estimate, and forecast third-quarter revenue of about $55 million versus expectations of $44.1 million. Gloo also expects to reach adjusted EBITDA profitability in the fourth quarter, offering a potential catalyst. Gloo revenue outlook
• Positive Sentiment: Second-quarter revenue totaled $46.57 million, reportedly up 188% year over year and above expectations, indicating continued momentum for Gloo’s applied-AI and faith-focused technology platform. Gloo second-quarter revenue growth
• Positive Sentiment: Citizens JMP reaffirmed a Market Outperform rating and an $8 price target, implying substantial upside from recent trading levels. Analyst targets remain projections, not guarantees.
• Neutral Sentiment: Reported short interest was zero shares, indicating little measurable short-selling pressure or short-squeeze potential.
• Negative Sentiment: Gloo reported a quarterly loss of $0.25 per share, substantially worse than the expected $0.11 loss. The earnings miss underscores that profitability remains a key risk despite rapid revenue growth.
• Negative Sentiment: Major shareholder Financial For Luthera Thrivent sold a combined 29,000 shares from September 8 through September 10 for approximately $91,550. The sales reduced its ownership by less than 1%, so the signal is modest, but repeated selling may weigh on sentiment.

About Gloo

Gloo’s mission is to build the leading vertical technology platform for the faith and flourishing ecosystem, which we believe is one of the largest, oldest and least-digitized ecosystems in the world. Our purpose is to shape technology as a force for good, so people can flourish and communities can thrive. This is grounded in our belief that relationships catalyze growth, and when technology is used to serve relationships, it transforms lives. The faith and flourishing ecosystem is vast and, we believe, a technologically underserved vertical that includes traditional Christian (primarily Protestant and Catholic) churches and a diverse network of ministries, nonprofits and service providers.