Gloo (NASDAQ:GLOO) Trading Up 8.7% – What’s Next?

Gloo Holdings (NASDAQ:GLOO) shares traded up 8.7% during trading on Wednesday . The stock traded as high as $6.40 and last traded at $6.36. 47,733 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 58,591 shares. The stock had previously closed at $5.85.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GLOO. Wall Street Zen upgraded shares of Gloo from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Roth Mkm reaffirmed a “buy” rating on shares of Gloo in a report on Thursday, January 29th. Finally, Weiss Ratings began coverage on Gloo in a report on Thursday, February 12th. They set a “sell (e-)” rating for the company. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Gloo currently has a consensus rating of “Hold” and a consensus price target of $17.00.

Gloo Trading Down 6.3%

Gloo (NASDAQ:GLOO) last issued its quarterly earnings data on Tuesday, December 23rd. The company reported ($6.08) earnings per share for the quarter. The business had revenue of $32.55 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GLOO. Jane Street Group LLC bought a new stake in shares of Gloo during the 4th quarter worth approximately $82,000. Beacon Pointe Advisors LLC bought a new stake in shares of Gloo during the fourth quarter worth $142,000. Marshall Wace LLP purchased a new stake in shares of Gloo during the fourth quarter valued at $173,000. HRT Financial LP bought a new position in shares of Gloo in the fourth quarter worth about $179,000. Finally, Millennium Management LLC purchased a new position in Gloo in the 4th quarter worth about $402,000.

About Gloo

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.