1492 Capital Management LLC Makes New $1.63 Million Investment in Gloo Holdings $GLOO

1492 Capital Management LLC purchased a new stake in Gloo Holdings (NASDAQ:GLOO) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 285,882 shares of the company’s stock, valued at approximately $1,627,000.

Separately, Skylands Capital LLC bought a new stake in shares of Gloo during the 4th quarter worth $511,000.

Insider Buying and Selling at Gloo

In other Gloo news, CEO Scott Arthur Beck purchased 3,700 shares of the firm’s stock in a transaction on Friday, April 17th. The stock was purchased at an average cost of $7.97 per share, for a total transaction of $29,489.00. Following the acquisition, the chief executive officer owned 443,586 shares in the company, valued at approximately $3,535,380.42. The trade was a 0.84% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired 33,886 shares of company stock worth $249,834 in the last ninety days. Corporate insiders own 45.23% of the company’s stock.

Gloo Stock Performance

NASDAQ:GLOO opened at $5.07 on Thursday. Gloo Holdings has a one year low of $4.63 and a one year high of $9.98. The stock’s 50 day simple moving average is $5.99.

Gloo (NASDAQ:GLOO) last posted its quarterly earnings data on Tuesday, April 14th. The company reported ($0.78) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.47). The company had revenue of $33.63 million during the quarter, compared to analyst estimates of $31.98 million. On average, analysts expect that Gloo Holdings will post -0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on GLOO shares. Weiss Ratings raised Gloo from a “sell (e-)” rating to a “sell (e)” rating in a research note on Friday, May 1st. Wall Street Zen downgraded shares of Gloo from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Finally, Benchmark reaffirmed a “buy” rating on shares of Gloo in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $17.00.

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.