Gloo Holdings (NASDAQ:GLOO) Receives Average Rating of “Moderate Buy” from Brokerages

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

Several equities analysts have issued reports on the stock. Weiss Ratings raised shares of Gloo from a “sell (e)” rating to a “sell (d-)” rating in a report on Wednesday, August 12th. Citizens Jmp started coverage on shares of Gloo in a research note on Monday, July 20th. They issued an “outperform” rating and a $8.00 price target on the stock. Citigroup initiated coverage on Gloo in a report on Monday, July 20th. They issued an “outperform” rating on the stock. Benchmark increased their target price on Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Finally, Wall Street Zen upgraded Gloo from a “sell” rating to a “hold” rating in a research report on Saturday.

Insider Transactions at Gloo

In other Gloo news, CEO Scott Beck bought 1,076,923 shares of the company’s stock in a transaction dated 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 completion of the acquisition, the chief executive officer directly owned 1,523,309 shares of the company’s stock, valued at $4,950,754.25. This represents a 241.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Derek Green bought 615,384 shares of Gloo stock in a transaction dated Friday, July 10th. The stock was acquired at an average price of $3.25 per share, with a total value of $1,999,998.00. Following the completion of the transaction, the director directly owned 865,384 shares of the company’s stock, valued at approximately $2,812,498. The trade was a 246.15% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 2,615,383 shares of company stock valued at $8,499,995 and sold 461,177 shares valued at $1,710,643. 45.23% of the stock is owned by insiders.

Institutional Trading of Gloo

Several large investors have recently bought and sold shares of GLOO. EverSource Wealth Advisors LLC raised its holdings 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 acquiring an additional 3,996 shares during the last quarter. Waverly Advisors LLC acquired a new position in shares of Gloo during the 1st quarter worth approximately $1,202,000. 1492 Capital Management LLC grew its position in shares of Gloo by 5.5% in the first quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock valued at $1,451,000 after purchasing an additional 15,824 shares in the last quarter. Cornerstone Management Inc. purchased a new stake in shares of Gloo in the first quarter valued at approximately $601,000. Finally, Beacon Pointe Advisors LLC acquired a new stake in shares of Gloo in the fourth quarter valued at approximately $142,000.

Gloo Price Performance

Gloo stock opened at $3.10 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.91. The stock has a market capitalization of $254.54 million and a PE ratio of -0.54. The business has a 50 day simple moving average of $3.42 and a 200-day simple moving average of $4.91. Gloo has a 12 month low of $2.94 and a 12 month high of $9.98.

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