Gloo (NASDAQ:GLOO) CEO Purchases 1,076,923 Shares of Stock

Gloo Holdings (NASDAQ:GLOO) CEO Scott Arthur Beck acquired 1,076,923 shares of the stock in a transaction on 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 transaction, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website.

Scott Arthur Beck also recently made the following trade(s):

• On Monday, April 20th, Scott Arthur Beck bought 2,800 shares of Gloo stock. The shares were purchased at an average cost of $7.98 per share, for a total transaction of $22,344.00.
• On Friday, April 17th, Scott Arthur Beck purchased 3,700 shares of Gloo stock. The shares were purchased at an average cost of $7.97 per share, with a total value of $29,489.00.
• On Thursday, April 16th, Scott Arthur Beck acquired 27,386 shares of Gloo stock. The stock was purchased at an average price of $7.23 per share, for a total transaction of $198,000.78.

Gloo Trading Down 3.0%

NASDAQ:GLOO traded down $0.09 on Friday, reaching $2.95. The stock had a trading volume of 848,445 shares, compared to its average volume of 129,783. The stock’s 50-day moving average price is $5.18. The company has a current ratio of 0.94, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11. The company has a market cap of $242.23 million and a PE ratio of -0.52. Gloo Holdings has a 12-month low of $2.94 and a 12-month high of $9.98.

Gloo (NASDAQ:GLOO) last released its quarterly earnings results on Monday, June 8th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The company had revenue of $41.53 million during the quarter. On average, equities analysts predict that Gloo Holdings will post -0.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Benchmark upped their target price on Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Weiss Ratings upgraded shares of Gloo from a “sell (e-)” rating to a “sell (e)” rating in a research note on Friday, May 1st. Finally, Wall Street Zen cut shares of Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $16.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Skylands Capital LLC bought a new position in Gloo during the 4th quarter valued at $511,000. 1492 Capital Management LLC bought a new stake in shares of Gloo in the 4th quarter worth $1,627,000. Annandale Capital LLC bought a new stake in shares of Gloo in the 4th quarter worth $1,423,000. HRT Financial LP acquired a new stake in shares of Gloo in the fourth quarter valued at $179,000. Finally, Jane Street Group LLC bought a new position in shares of Gloo during the 4th quarter valued at about $82,000.

Gloo Company Profile

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.