Scott Arthur Beck Acquires 2,800 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) CEO Scott Arthur Beck acquired 2,800 shares of Gloo stock in a transaction on Monday, April 20th. The shares were bought at an average price of $7.98 per share, with a total value of $22,344.00. Following the completion of the transaction, the chief executive officer directly owned 446,386 shares of the company’s stock, valued at $3,562,160.28. This trade represents a 0.63% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Friday, April 17th, Scott Arthur Beck acquired 3,700 shares of Gloo stock. The shares were bought at an average price 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 shares were bought at an average price of $7.23 per share, with a total value of $198,000.78.

Gloo Stock Down 4.9%

Shares of NASDAQ GLOO opened at $7.61 on Wednesday. The firm has a 50-day simple moving average of $5.82. Gloo Holdings has a 52 week low of $4.63 and a 52 week high of $9.98.

Gloo (NASDAQ:GLOO) last issued its earnings results on Tuesday, April 14th. The company reported ($0.78) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.47). The firm had revenue of $33.63 million for the quarter, compared to analyst estimates of $31.98 million. As a group, equities research analysts predict that Gloo Holdings will post -0.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on GLOO. Weiss Ratings began coverage on shares of Gloo in a research report on Thursday, February 12th. They issued a “sell (e-)” rating for the company. Roth Mkm reiterated a “buy” rating on shares of Gloo in a research report on Thursday, January 29th. Finally, Wall Street Zen cut shares of Gloo from a “hold” rating to a “sell” rating in a research report on Saturday. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $17.00.

Institutional Investors Weigh In On Gloo

A number of hedge funds have recently modified their holdings of GLOO. Jane Street Group LLC purchased a new stake in shares of Gloo in the fourth quarter valued at about $82,000. Beacon Pointe Advisors LLC purchased a new stake in shares of Gloo in the fourth quarter valued at about $142,000. Marshall Wace LLP purchased a new stake in shares of Gloo in the fourth quarter valued at about $173,000. HRT Financial LP purchased a new position in Gloo during the fourth quarter worth about $179,000. Finally, Millennium Management LLC purchased a new position in Gloo during the fourth quarter worth about $402,000.

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.