Gloo Holdings (NASDAQ:GLOO) Receives $13.33 Consensus Target Price from Analysts

Shares of Gloo Holdings (NASDAQ:GLOO) have earned a consensus rating of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $13.3333.

Several research firms have recently weighed in on GLOO. Weiss Ratings upgraded shares of Gloo from a “sell (e-)” rating to a “sell (e)” rating in a research report on Friday, May 1st. Benchmark upped their price target on shares of Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Citigroup started coverage on shares of Gloo in a research report on Monday. They set an “outperform” rating on the stock. Wall Street Zen lowered Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Citizens Jmp started coverage on Gloo in a research note on Monday. They issued an “outperform” rating and a $8.00 price objective on the stock.

Insiders Place Their Bets

In other Gloo news, major shareholder Grace & Mercy Foundation, Inc. bought 923,076 shares of the stock in a transaction on Thursday, July 9th. The stock was acquired at an average cost of $3.25 per share, for a total transaction of $2,999,997.00. Following the completion of the acquisition, the insider owned 3,423,076 shares in the company, valued at $11,124,997. This trade represents a 36.92% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Financial For Luthera Thrivent sold 20,000 shares of the stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $2.98, for a total value of $59,600.00. Following the transaction, the insider owned 4,460,000 shares in the company, valued at $13,290,800. The trade was a 0.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, 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. 45.23% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Grace & Mercy Foundation Inc. bought a new stake in Gloo in the fourth quarter valued at $14,225,000. 1492 Capital Management LLC boosted its position in shares of Gloo by 5.5% during the 1st quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock worth $1,451,000 after purchasing an additional 15,824 shares in the last quarter. Waverly Advisors LLC acquired a new stake in shares of Gloo in the 1st quarter valued at about $1,202,000. Annandale Capital LLC acquired a new stake in shares of Gloo in the 4th quarter valued at about $1,423,000. Finally, Cornerstone Management Inc. bought a new stake in Gloo in the 1st quarter valued at about $601,000.

Gloo Stock Performance

NASDAQ:GLOO opened at $3.28 on Monday. The firm has a market cap of $269.32 million and a P/E ratio of -0.57. The firm’s 50 day moving average price is $4.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.91. Gloo has a fifty-two week low of $2.94 and a fifty-two week high of $9.98.

Gloo (NASDAQ:GLOO) last released its quarterly 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 business had revenue of $41.53 million for the quarter. Research analysts predict that Gloo will post -0.31 EPS for the current year.

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.