Shares of Gloo Holdings (NASDAQ:GLOO – Get Free Report) have earned an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $13.3333.
Several equities research analysts have recently issued reports on GLOO shares. Weiss Ratings upgraded Gloo from a “sell (e-)” rating to a “sell (e)” rating in a report on Friday, May 1st. Benchmark raised 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 began coverage on shares of Gloo in a research note on Monday, July 20th. They issued an “outperform” rating for the company. Citizens Jmp started coverage on shares of Gloo in a research note on Monday, July 20th. They set an “outperform” rating and a $8.00 price target on the stock. Finally, Wall Street Zen downgraded shares of Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd.
Check Out Our Latest Stock Analysis on Gloo
Gloo Stock Performance
Gloo (NASDAQ:GLOO – Get Free Report) last released its quarterly earnings data 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 company had revenue of $41.53 million during the quarter. As a group, analysts predict that Gloo will post -0.28 EPS for the current year.
Insider Buying and Selling
In other news, Director Derek Todd Green purchased 615,384 shares of the company’s stock in a transaction dated Friday, July 10th. The shares were bought 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 in the company, valued at $2,812,498. This trade represents a 246.15% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Grace & Mercy Foundation, Inc. acquired 923,076 shares of the firm’s stock in a transaction that occurred on Thursday, July 9th. The shares were purchased at an average cost of $3.25 per share, with a total value of $2,999,997.00. Following the completion of the acquisition, the insider owned 3,423,076 shares in the company, valued at $11,124,997. This trade represents a 36.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 2,615,383 shares of company stock worth $8,499,995 and sold 322,477 shares worth $1,240,866. Insiders own 45.23% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of GLOO. EverSource Wealth Advisors LLC grew its position in shares of 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 purchasing an additional 3,996 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Gloo during the 4th quarter worth about $82,000. Beacon Pointe Advisors LLC bought a new stake in Gloo during the 4th quarter valued at approximately $142,000. Marshall Wace LLP bought a new stake in Gloo during the 4th quarter valued at approximately $173,000. Finally, HRT Financial LP acquired a new stake in Gloo in the 4th quarter valued at approximately $179,000.
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.
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