Gloo Holdings (NASDAQ:GLOO) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of Gloo Holdings (NASDAQ:GLOO) have been given an average recommendation of “Moderate Buy” by the six brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $12.00.

Several brokerages have recently commented on GLOO. Citigroup assumed coverage on Gloo in a report on Monday, July 20th. They set an “outperform” rating for the company. Benchmark boosted their price objective on Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Citizens Jmp reaffirmed a “market outperform” rating and set a $8.00 price objective on shares of Gloo in a research note on Thursday, September 10th. Wall Street Zen cut shares of Gloo from a “hold” rating to a “sell” rating in a report on Sunday, September 13th. Finally, Lake Street Capital dropped their target price on shares of Gloo from $12.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th.

Gloo Price Performance

NASDAQ GLOO opened at $4.12 on Friday. Gloo has a 1 year low of $2.90 and a 1 year high of $9.98. The business’s fifty day moving average is $3.63 and its two-hundred day moving average is $4.67. The stock has a market capitalization of $377.10 million and a P/E ratio of -0.56. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.21 and a current ratio of 1.23.

Gloo (NASDAQ:GLOO) last released its quarterly earnings data on Wednesday, September 9th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.14). The company had revenue of $46.57 million for the quarter. Gloo had a negative return on equity of 1,637.91% and a negative net margin of 81.35%. On average, research analysts forecast that Gloo will post -0.65 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Financial For Luthera Thrivent sold 125,000 shares of the stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $3.08, for a total value of $385,000.00. Following the completion of the sale, the insider owned 4,480,000 shares in the company, valued at $13,798,400. This represents a 2.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Derek Green bought 615,384 shares of the firm’s stock in a transaction dated Friday, July 10th. The stock was acquired at an average cost of $3.25 per share, with a total value of $1,999,998.00. Following the transaction, the director owned 865,384 shares of the company’s stock, valued at $2,812,498. This trade represents a 246.15% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders bought 2,615,383 shares of company stock worth $8,499,995 and sold 407,400 shares worth $1,343,744. Company insiders own 45.23% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Grace & Mercy Foundation Inc. purchased a new stake in Gloo in the 4th quarter worth about $14,225,000. 1492 Capital Management LLC boosted its position 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. Waverly Advisors LLC purchased a new position in Gloo during the 1st quarter valued at about $1,202,000. Cornerstone Management Inc. purchased a new position in Gloo during the 1st quarter valued at about $601,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Gloo by 263.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock valued at $27,000 after purchasing an additional 3,996 shares during the period.

About Gloo

Gloo is a technology company that provides digital tools and services for faith-based organizations, including churches, ministries and other community-focused groups. Its platform is designed to help organizations build relationships, communicate with members and supporters, and manage engagement through digital channels.

The company’s offerings include customer relationship management capabilities, digital marketing and communications tools, data and analytics services, and technology intended to support ministry operations.