Gloo Holdings (NASDAQ:GLOO) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analyst sentiment is moderately bullish: Four of five analysts rate Gloo Holdings a buy, while one rates it a sell. The average 12-month price target is $13.33, well above the stock’s recent $3.47 price.
• Gloo reported a quarterly loss of $0.22 per share, missing the consensus estimate of a $0.16 loss, on revenue of $41.53 million. Analysts expect a full-year loss of $0.28 per share.
• Insider buying has been significant: Insiders purchased 2.62 million shares over the past three months, compared with 414,177 shares sold, and insiders own 45.23% of the company.

Shares of Gloo Holdings (NASDAQ:GLOO - Get Free Report) have been given a consensus rating of "Moderate Buy" by the five analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $13.3333.

A number of research analysts recently commented on the company. Citizens Jmp initiated coverage on Gloo in a research report on Monday, July 20th. They issued an "outperform" rating and a $8.00 price target on the stock. Weiss Ratings upgraded Gloo from a "sell (e)" rating to a "sell (d-)" rating in a research report on Wednesday. Wall Street Zen downgraded Gloo from a "hold" rating to a "sell" rating in a research note on Saturday, May 23rd. Citigroup began coverage on shares of Gloo in a report on Monday, July 20th. They issued an "outperform" rating for the company. Finally, Benchmark raised their price target on shares of Gloo from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Tuesday, June 9th.

Gloo Price Performance

Gloo stock opened at $3.47 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11. The stock's 50 day moving average is $3.90 and its 200-day moving average is $5.18. Gloo has a 12 month low of $2.94 and a 12 month high of $9.98. The company has a market capitalization of $284.92 million and a price-to-earnings ratio of -0.61.

Gloo (NASDAQ:GLOO - Get Free Report) last posted its earnings results on Monday, June 8th. The company reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.06). The firm had revenue of $41.53 million during the quarter. Equities research analysts expect that Gloo will post -0.28 EPS for the current year.

Insider Activity at Gloo

In other news, Director Derek Todd Green acquired 615,384 shares of Gloo stock in a transaction that occurred on Friday, July 10th. The shares were acquired at an average price of $3.25 per share, for a total transaction of $1,999,998.00. Following the transaction, the director directly owned 865,384 shares of the company's stock, valued at approximately $2,812,498. The trade was a 246.15% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Financial For Luthera Thrivent sold 125,000 shares of the company's stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $3.08, for a total value of $385,000.00. Following the completion of the transaction, the insider directly owned 4,480,000 shares of the company's stock, valued at approximately $13,798,400. The trade was a 2.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have purchased 2,615,383 shares of company stock valued at $8,499,995 and have sold 414,177 shares valued at $1,552,717. Corporate insiders own 45.23% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GLOO. Skylands Capital LLC bought a new position in Gloo in the 4th quarter valued at approximately $511,000. 1492 Capital Management LLC bought a new stake in shares of Gloo in the 4th quarter valued at about $1,627,000. Annandale Capital LLC bought a new stake in shares of Gloo in the 4th quarter valued at about $1,423,000. HRT Financial LP acquired a new stake in shares of Gloo in the fourth quarter valued at about $179,000. Finally, Jane Street Group LLC bought a new position in shares of Gloo during the fourth quarter worth about $82,000.

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.

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