Gloo Holdings (NASDAQ:GLOO) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Gloo Holdings has a “Moderate Buy” consensus rating from five analysts, with four buys and one sell. The average 12-month price target is $13.33, well above the stock’s reported price of $3.10.
• Company insiders made substantial purchases, including the CEO’s acquisition of about 1.08 million shares and a director’s purchase of roughly 615,000 shares. Insiders collectively own 45.23% of the company.
• Gloo reported a quarterly loss of $0.22 per share, missing the $0.16 consensus estimate, on revenue of $41.53 million. The stock remains near its 52-week low, trading between $2.94 and $9.98 over the past year.

Gloo Holdings (NASDAQ:GLOO - Get Free Report) has received an average rating of "Moderate Buy" from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $13.3333.

A number of equities research analysts recently commented on GLOO shares. Benchmark upped 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. Weiss Ratings upgraded shares of Gloo from a "sell (e)" rating to a "sell (d-)" rating in a research note on Wednesday, August 12th. Citizens Jmp started coverage on shares of Gloo in a report on Monday, July 20th. They issued an "outperform" rating and a $8.00 price objective on the stock. Wall Street Zen upgraded shares of Gloo from a "sell" rating to a "hold" rating in a research note on Saturday. Finally, Citigroup began coverage on shares of Gloo in a report on Monday, July 20th. They set an "outperform" rating for the company.

Insider Buying and Selling

In related news, CEO Scott Beck bought 1,076,923 shares of the stock in a transaction dated Friday, July 10th. The shares were purchased at an average price of $3.25 per share, for a total transaction of $3,499,999.75. Following the completion of the purchase, the chief executive officer directly owned 1,523,309 shares of the company's stock, valued at $4,950,754.25. This represents a 241.25% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Derek Green bought 615,384 shares of the company's stock in a transaction that occurred on Friday, July 10th. The shares were bought at an average cost of $3.25 per share, for a total transaction of $1,999,998.00. Following the completion of the acquisition, the director owned 865,384 shares of the company's stock, valued at $2,812,498. This trade represents a 246.15% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders purchased 2,615,383 shares of company stock valued at $8,499,995 and sold 461,177 shares valued at $1,710,643. Company insiders own 45.23% of the company's stock.

Institutional Investors Weigh In On Gloo

A number of hedge funds and other institutional investors have recently made changes to their positions in GLOO. EverSource Wealth Advisors LLC lifted its stake in shares of 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 during the period. Jane Street Group LLC purchased a new stake in Gloo during the fourth quarter worth $82,000. Beacon Pointe Advisors LLC acquired a new stake in Gloo during the fourth quarter valued at $142,000. Marshall Wace LLP purchased a new position in Gloo in the fourth quarter valued at $173,000. Finally, HRT Financial LP purchased a new position in Gloo in the fourth quarter valued at $179,000.

Gloo Price Performance

Gloo stock opened at $3.10 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.94. The business's 50-day simple moving average is $3.42 and its two-hundred day simple moving average is $4.91. The company has a market cap of $254.54 million and a PE ratio of -0.54. Gloo has a fifty-two week low of $2.94 and a fifty-two week high of $9.98.

Gloo (NASDAQ:GLOO - Get Free Report) last announced its quarterly earnings data 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 during the quarter. Equities analysts anticipate that Gloo will post -0.28 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.

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