Gloo Holdings (NASDAQ:GLOO - Get Free Report) CEO Scott Arthur Beck bought 27,386 shares of the firm's stock in a transaction dated Thursday, April 16th. The shares were bought at an average price of $7.23 per share, with a total value of $198,000.78. Following the completion of the transaction, the chief executive officer directly owned 439,886 shares in the company, valued at approximately $3,180,375.78. This trade represents a 6.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Gloo Trading Up 17.5%
GLOO traded up $1.10 during trading hours on Thursday, reaching $7.40. The company's stock had a trading volume of 279,999 shares, compared to its average volume of 120,427. Gloo Holdings has a 52 week low of $4.63 and a 52 week high of $9.98. The company's 50-day simple moving average is $5.68.
Gloo (NASDAQ:GLOO - Get Free Report) last released its earnings results on Tuesday, April 14th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.47). The firm had revenue of $33.63 million during the quarter, compared to the consensus estimate of $31.98 million.
Analyst Upgrades and Downgrades
GLOO has been the topic of a number of research analyst reports. Weiss Ratings initiated coverage on Gloo in a research note on Thursday, February 12th. They issued a "sell (e-)" rating on the stock. Wall Street Zen upgraded Gloo from a "sell" rating to a "hold" rating in a report on Saturday, February 21st. Finally, Roth Mkm reissued a "buy" rating on shares of Gloo in a report on Thursday, January 29th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $17.00.
Get Our Latest Research Report on Gloo
Institutional Trading of Gloo
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new position in shares of Gloo during the 4th quarter valued at about $82,000. Beacon Pointe Advisors LLC acquired a new stake in Gloo in the 4th quarter worth about $142,000. Marshall Wace LLP acquired a new stake in Gloo in the 4th quarter worth about $173,000. HRT Financial LP acquired a new position in shares of Gloo during the 4th quarter worth approximately $179,000. Finally, Millennium Management LLC acquired a new position in shares of Gloo during the 4th quarter worth approximately $402,000.
Gloo News Roundup
Here are the key news stories impacting Gloo this week:
About Gloo
(
Get Free Report)
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.
Further Reading
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