Gloo (NASDAQ:GLOO) CEO Scott Arthur Beck Purchases 2,800 Shares of Stock

Gloo Holdings (NASDAQ:GLOO) CEO Scott Arthur Beck acquired 2,800 shares of the firm’s stock in a transaction on Monday, April 20th. The shares were bought at an average cost of $7.98 per share, with a total value of $22,344.00. Following the completion of the transaction, the chief executive officer directly owned 446,386 shares in the company, valued at $3,562,160.28. This trade represents a 0.63% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Scott Arthur Beck also recently made the following trade(s):

• On Friday, April 17th, Scott Arthur Beck acquired 3,700 shares of Gloo stock. The shares were bought at an average cost of $7.97 per share, with a total value of $29,489.00.
• On Thursday, April 16th, Scott Arthur Beck acquired 27,386 shares of Gloo stock. The shares were bought at an average cost of $7.23 per share, with a total value of $198,000.78.

Gloo Stock Up 0.1%

Shares of Gloo stock opened at $8.00 on Tuesday. Gloo Holdings has a one year low of $4.63 and a one year high of $9.98. The stock’s fifty day moving average price is $5.78.

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

Institutional Investors Weigh In On Gloo

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new stake in shares of Gloo during the 4th quarter valued at approximately $82,000. Beacon Pointe Advisors LLC acquired a new stake in shares of Gloo during the 4th quarter valued at approximately $142,000. Marshall Wace LLP acquired a new stake in shares of Gloo during the 4th quarter valued at approximately $173,000. HRT Financial LP acquired a new stake in shares of Gloo during the 4th quarter valued at approximately $179,000. Finally, Millennium Management LLC acquired a new stake in shares of Gloo during the 4th quarter valued at approximately $402,000.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on GLOO shares. Roth Mkm reiterated a “buy” rating on shares of Gloo in a research report on Thursday, January 29th. Wall Street Zen cut Gloo from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Weiss Ratings started coverage on Gloo in a research report on Thursday, February 12th. They set a “sell (e-)” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.