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

Gloo Holdings (NASDAQ:GLOO) has been assigned a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $13.3333.

Several research analysts have recently issued reports on the company. Weiss Ratings raised Gloo from a “sell (e-)” rating to a “sell (e)” rating in a research report on Friday, May 1st. Citizens Jmp assumed coverage on Gloo in a research report on Monday. They set a “market outperform” rating and a $8.00 target price on the stock. Wall Street Zen cut Gloo from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Citigroup assumed coverage on shares of Gloo in a research note on Monday. They issued an “outperform” rating on the stock. Finally, Benchmark raised their price objective on shares of Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th.

Insider Activity at Gloo

In other news, Director Derek Todd Green bought 615,384 shares of the business’s stock in a transaction dated Friday, July 10th. The shares were acquired at an average price of $3.25 per share, for a total transaction of $1,999,998.00. Following the completion of the transaction, the director owned 865,384 shares of the company’s stock, valued at approximately $2,812,498. This trade represents a 246.15% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott Arthur Beck bought 1,076,923 shares of Gloo stock in a transaction dated Friday, July 10th. The stock was purchased at an average cost 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 in the company, valued at approximately $4,950,754.25. The trade was a 241.25% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders bought 2,615,383 shares of company stock valued at $8,499,995 and sold 322,477 shares valued at $1,240,866. Insiders own 45.23% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its stake in 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 during the last quarter. Jane Street Group LLC purchased a new position in shares of Gloo during the fourth quarter worth approximately $82,000. Beacon Pointe Advisors LLC acquired a new position in shares of Gloo in the 4th quarter valued at $142,000. Marshall Wace LLP acquired a new position in shares of Gloo in the 4th quarter valued at $173,000. Finally, HRT Financial LP purchased a new stake in Gloo in the 4th quarter valued at $179,000.

Gloo Stock Up 5.2%

NASDAQ GLOO traded up $0.17 on Monday, hitting $3.44. 52,483 shares of the stock were exchanged, compared to its average volume of 159,906. The company has a current ratio of 0.94, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11. Gloo has a fifty-two week low of $2.94 and a fifty-two week high of $9.98. The firm has a market cap of $282.46 million and a P/E ratio of -0.60. The firm has a 50-day simple moving average of $4.76.

Gloo (NASDAQ:GLOO) last announced its quarterly earnings data on Monday, June 8th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The firm had revenue of $41.53 million for the quarter. As a group, equities research analysts predict that Gloo will post -0.31 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.