Gloo Holdings (NASDAQ:GLOO) Receives Consensus Rating of “Moderate Buy” from Analysts

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

A number of research analysts have weighed in on the stock. Benchmark boosted their price objective on shares of Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Citigroup initiated coverage on shares of Gloo in a research note on Monday, July 20th. They set an “outperform” rating for the company. Weiss Ratings upgraded shares of Gloo from a “sell (e)” rating to a “sell (d-)” rating in a report on Wednesday, August 12th. Lake Street Capital reduced their price objective on shares of Gloo from $12.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Wall Street Zen lowered Gloo from a “hold” rating to a “sell” rating in a research report on Sunday.

Gloo Trading Up 2.7%

GLOO opened at $3.42 on Tuesday. The stock has a 50-day moving average of $3.30 and a 200 day moving average of $4.82. The company has a current ratio of 1.23, a quick ratio of 1.21 and a debt-to-equity ratio of 0.21. Gloo has a 12 month low of $2.90 and a 12 month high of $9.98. The firm has a market cap of $280.82 million and a P/E ratio of -0.47.

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

Insider Transactions at Gloo

In other Gloo news, CEO Scott Beck bought 1,076,923 shares of the company’s stock in a transaction on Friday, July 10th. The shares were bought at an average cost of $3.25 per share, for a total transaction of $3,499,999.75. Following the acquisition, the chief executive officer directly owned 1,523,309 shares in the company, valued at approximately $4,950,754.25. The trade was a 241.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Financial For Luthera Thrivent sold 125,000 shares of the stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $3.08, for a total transaction of $385,000.00. Following the transaction, the insider owned 4,480,000 shares in the company, valued at approximately $13,798,400. This represents a 2.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders acquired 2,615,383 shares of company stock worth $8,499,995 and sold 429,300 shares worth $1,515,505. 45.23% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Gloo

Hedge funds have recently made changes to their positions in the stock. Grace & Mercy Foundation Inc. purchased a new position in Gloo in the fourth quarter valued at about $14,225,000. 1492 Capital Management LLC lifted its position 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 valued at $1,451,000 after buying an additional 15,824 shares during the last quarter. Waverly Advisors LLC purchased a new stake in shares of Gloo during the first quarter valued at about $1,202,000. Cornerstone Management Inc. bought a new stake in shares of Gloo in the 1st quarter valued at about $601,000. Finally, EverSource Wealth Advisors LLC grew its position 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 worth $27,000 after buying an additional 3,996 shares during the last quarter.

Gloo Company Profile

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.