Gloo Holdings (NASDAQ:GLOO) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Gloo Holdings (NASDAQ:GLOO) have been given a consensus recommendation of “Moderate Buy” by the five research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $13.3333.

GLOO has been the subject of several research analyst reports. Citizens Jmp began coverage on Gloo in a research note on Monday, July 20th. They set an “outperform” rating and a $8.00 target price for the company. Wall Street Zen cut Gloo from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Benchmark raised their price target on Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Citigroup assumed coverage on shares of Gloo in a research report on Monday, July 20th. They set an “outperform” rating for the company. Finally, Weiss Ratings upgraded shares of Gloo from a “sell (e)” rating to a “sell (d-)” rating in a report on Wednesday, August 12th.

Insider Activity at Gloo

In related news, CEO Scott Arthur Beck bought 1,076,923 shares of Gloo stock in a transaction that occurred on Friday, July 10th. The stock was acquired at an average price of $3.25 per share, with a total value of $3,499,999.75. Following the acquisition, the chief executive officer owned 1,523,309 shares of the company’s stock, valued at approximately $4,950,754.25. This represents a 241.25% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Grace & Mercy Foundation, Inc. purchased 923,076 shares of the firm’s stock in a transaction that occurred on Thursday, July 9th. The stock was bought at an average price of $3.25 per share, for a total transaction of $2,999,997.00. Following the purchase, the insider owned 3,423,076 shares in the company, valued at $11,124,997. The trade was a 36.92% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders acquired 2,615,383 shares of company stock worth $8,499,995 and sold 434,177 shares worth $1,621,285. Company insiders own 45.23% of the company’s stock.

Hedge Funds Weigh In On Gloo

Large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in 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. Jane Street Group LLC bought a new position in Gloo during the 4th quarter worth $82,000. 1492 Capital Management LLC lifted its holdings in shares of Gloo by 5.5% during the first quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock worth $1,451,000 after buying an additional 15,824 shares in the last quarter. Beacon Pointe Advisors LLC acquired a new stake in shares of Gloo during the fourth quarter worth $142,000. Finally, Marshall Wace LLP bought a new stake in shares of Gloo in the fourth quarter valued at about $173,000.

Gloo Trading Up 2.4%

Shares of NASDAQ:GLOO opened at $3.41 on Friday. Gloo has a 52-week low of $2.94 and a 52-week high of $9.98. The company has a market capitalization of $280.00 million and a P/E ratio of -0.60. The company has a 50-day simple moving average of $3.74 and a 200 day simple moving average of $5.09. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.94.

Gloo (NASDAQ:GLOO) last posted its quarterly earnings results on Monday, June 8th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The company had revenue of $41.53 million during the quarter. Sell-side analysts forecast that Gloo will post -0.28 earnings per share for the current year.

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.