Gloo Holdings (NASDAQ:GLOO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Gloo Holdings (NASDAQ:GLOO) has been assigned a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $13.3333.

A number of research firms have recently commented on GLOO. Wall Street Zen downgraded Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Benchmark boosted 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. 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 target price for the company. Citigroup began coverage on Gloo in a research note on Monday. They issued an “outperform” rating on the stock. Finally, Weiss Ratings upgraded Gloo from a “sell (e-)” rating to a “sell (e)” rating in a report on Friday, May 1st.

Insider Activity

In other news, major shareholder Grace & Mercy Foundation, Inc. bought 923,076 shares of Gloo stock in a transaction that occurred on Thursday, July 9th. The stock was bought at an average price of $3.25 per share, for a total transaction of $2,999,997.00. Following the purchase, the insider directly owned 3,423,076 shares of the company’s stock, valued at approximately $11,124,997. The trade was a 36.92% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Scott Arthur Beck purchased 1,076,923 shares of Gloo stock in a transaction on Friday, July 10th. The shares were acquired at an average cost of $3.25 per share, with a total value of $3,499,999.75. Following the completion of the transaction, the chief executive officer directly owned 1,523,309 shares in the company, valued at $4,950,754.25. The trade was a 241.25% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have acquired 2,615,383 shares of company stock valued at $8,499,995 and have sold 322,477 shares valued at $1,240,866. Corporate insiders own 45.23% of the company’s stock.

Institutional Investors Weigh In On Gloo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GLOO. EverSource Wealth Advisors LLC lifted its holdings in Gloo by 263.4% in the 1st 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 in the last quarter. 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 acquired a new stake in shares of Gloo during the 4th quarter worth approximately $142,000. Marshall Wace LLP acquired a new stake in Gloo during the fourth quarter worth $173,000. Finally, HRT Financial LP acquired a new stake in shares of Gloo during the 4th quarter worth about $179,000.

Gloo Stock Up 0.9%

Shares of Gloo stock opened at $3.19 on Monday. The firm’s 50 day moving average is $4.49. The company has a market capitalization of $261.93 million and a P/E ratio of -0.56. The company has a current ratio of 0.94, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11. Gloo has a twelve month low of $2.94 and a twelve month high of $9.98.

Gloo (NASDAQ:GLOO) last posted 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 for the quarter. Sell-side analysts expect that Gloo will post -0.31 EPS for the current fiscal year.

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.