Gloo (NASDAQ:GLOO) CEO Scott Arthur Beck Acquires 3,700 Shares of Stock

Gloo Holdings (NASDAQ:GLOO) CEO Scott Arthur Beck bought 3,700 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were acquired at an average price of $7.97 per share, for a total transaction of $29,489.00. Following the completion of the transaction, the chief executive officer directly owned 443,586 shares in the company, valued at approximately $3,535,380.42. This represents a 0.84% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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 bought at an average cost of $7.98 per share, for a total transaction of $22,344.00.
• On Thursday, April 16th, Scott Arthur Beck bought 27,386 shares of Gloo stock. The shares were bought at an average cost of $7.23 per share, for a total transaction of $198,000.78.

Gloo Stock Performance

NASDAQ GLOO opened at $8.00 on Tuesday. The firm’s 50 day moving average is $5.78. Gloo Holdings has a fifty-two week low of $4.63 and a fifty-two week high of $9.98.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Annandale Capital LLC purchased a new position in Gloo in the 4th quarter worth about $1,423,000. Millennium Management LLC purchased a new position in Gloo in the 4th quarter worth about $402,000. HRT Financial LP purchased a new position in Gloo in the 4th quarter worth about $179,000. Marshall Wace LLP bought a new position in Gloo in the fourth quarter worth approximately $173,000. Finally, Beacon Pointe Advisors LLC bought a new position in Gloo in the fourth quarter worth approximately $142,000.

Wall Street Analysts Forecast Growth

GLOO has been the subject of a number of recent analyst reports. Weiss Ratings initiated coverage on shares of Gloo in a research note on Thursday, February 12th. They set a “sell (e-)” rating for the company. Wall Street Zen lowered Gloo from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Roth Mkm reissued a “buy” rating on shares of Gloo in a research note on Thursday, January 29th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $17.00.

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.