Gloo Holdings (NASDAQ:GLOO – Get Free Report) CEO Scott Arthur Beck acquired 1,076,923 shares of the business’s stock in a transaction that occurred on Friday, July 10th. The stock was bought at an average cost of $3.25 per share, for a total transaction of $3,499,999.75. Following the completion of the purchase, the chief executive officer owned 1,523,309 shares of the company’s stock, valued at $4,950,754.25. This trade represents a 241.25% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
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, with a total value 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 price of $7.97 per share, with a total value of $29,489.00.
- On Thursday, April 16th, Scott Arthur Beck purchased 27,386 shares of Gloo stock. The shares were purchased at an average price of $7.23 per share, with a total value of $198,000.78.
Gloo Stock Performance
Shares of NASDAQ GLOO traded down $0.09 during midday trading on Friday, reaching $2.95. The stock had a trading volume of 927,805 shares, compared to its average volume of 249,673. The firm has a 50 day simple moving average of $5.10. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.94. Gloo Holdings has a twelve month low of $2.94 and a twelve month high of $9.98. The company has a market cap of $242.22 million and a price-to-earnings ratio of -0.52.
Wall Street Analyst Weigh In
A number of analysts recently commented on GLOO shares. Wall Street Zen lowered Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Weiss Ratings raised Gloo from a “sell (e-)” rating to a “sell (e)” rating in a research report on Friday, May 1st. Finally, Benchmark lifted their price target 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. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $16.00.
View Our Latest Stock Analysis on GLOO
More Gloo News
Here are the key news stories impacting Gloo this week:
- Positive Sentiment: CEO Scott Arthur Beck bought 1,076,923 shares at $3.25, a large insider purchase that suggests management sees value in the stock. CEO Insider Purchase Filing
- Positive Sentiment: Director Derek Todd Green bought 615,384 shares at $3.25, adding to the bullish insider-buying signal. Director Insider Purchase Filing
- Neutral Sentiment: The company said it priced a 7 million-share public offering at $3.25 per share, bringing in about $22.75 million before expenses. Public Offering Announcement
- Negative Sentiment: Major shareholder Financial For Luthera Thrivent sold shares in recent filings, which can add to investor concern about near-term conviction. Shareholder Sale Filing
- Negative Sentiment: A recent report highlighting Gloo’s $48 million in losses is likely weighing on sentiment as investors focus on profitability and funding needs. Losses Report
Institutional Trading of Gloo
A number of large investors have recently added to or reduced their stakes in GLOO. Grace & Mercy Foundation Inc. bought a new position in shares of Gloo during the 4th quarter valued at approximately $14,225,000. 1492 Capital Management LLC lifted its position in shares of Gloo by 5.5% during the 1st quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock valued at $1,451,000 after buying an additional 15,824 shares during the last quarter. Waverly Advisors LLC bought a new position in shares of Gloo during the 1st quarter worth $1,202,000. Annandale Capital LLC purchased a new stake in Gloo in the 4th quarter worth about $1,423,000. Finally, Cornerstone Management Inc. purchased a new stake in Gloo in the 1st quarter worth about $601,000.
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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