Gloo (NASDAQ:GLOO) Now Covered by Citizens Jmp

Citizens Jmp initiated coverage on shares of Gloo (NASDAQ:GLOO) in a research note released on Monday, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $8.00 price target on the stock.

Several other equities research analysts have also recently issued reports on the company. Citigroup assumed coverage on Gloo in a report on Monday. They issued an “outperform” rating on the stock. Weiss Ratings raised Gloo from a “sell (e-)” rating to a “sell (e)” rating in a report on Friday, May 1st. Benchmark raised 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. Finally, Wall Street Zen lowered Gloo from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Gloo currently has an average rating of “Moderate Buy” and a consensus target price of $13.33.

Gloo Stock Performance

NASDAQ:GLOO opened at $3.40 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.91. The firm has a market capitalization of $279.17 million and a PE ratio of -0.60. Gloo has a fifty-two week low of $2.94 and a fifty-two week high of $9.98. The business’s fifty day moving average is $4.71.

Gloo (NASDAQ:GLOO) last announced its earnings results on Monday, June 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The firm had revenue of $41.53 million for the quarter. Research analysts forecast that Gloo will post -0.31 earnings per share for the current year.

Insider Buying and Selling at Gloo

In other Gloo news, major shareholder Grace & Mercy Foundation, Inc. acquired 923,076 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The stock was bought at an average price of $3.25 per share, with a total value of $2,999,997.00. Following the purchase, the insider owned 3,423,076 shares in the company, valued at approximately $11,124,997. The trade was a 36.92% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Derek Todd Green acquired 615,384 shares of the business’s stock in a transaction on Friday, July 10th. The stock was acquired at an average price of $3.25 per share, with a total value of $1,999,998.00. Following the acquisition, the director owned 865,384 shares in the company, valued at $2,812,498. The trade was a 246.15% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders bought 2,615,383 shares of company stock valued at $8,499,995 and 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

A number of large investors have recently made changes to their positions in GLOO. Grace & Mercy Foundation Inc. acquired a new stake in shares of Gloo in the fourth quarter valued at approximately $14,225,000. 1492 Capital Management LLC lifted its position in Gloo by 5.5% during the first quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock worth $1,451,000 after buying an additional 15,824 shares in the last quarter. Waverly Advisors LLC acquired a new position in Gloo during the first quarter worth $1,202,000. Annandale Capital LLC purchased a new stake in Gloo in the 4th quarter valued at $1,423,000. Finally, Cornerstone Management Inc. purchased a new stake in Gloo in the 1st quarter valued at $601,000.

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.