Grace & Mercy Foundation Inc. Takes $14.23 Million Position in Gloo Holdings $GLOO

Grace & Mercy Foundation Inc. acquired a new position in Gloo Holdings (NASDAQ:GLOO) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 2,500,000 shares of the company’s stock, valued at approximately $14,225,000. Gloo accounts for approximately 3.2% of Grace & Mercy Foundation Inc.’s investment portfolio, making the stock its 10th largest holding.

Several other hedge funds have also recently bought and sold shares of the business. Jane Street Group LLC bought a new position in Gloo during the fourth quarter valued at about $82,000. Marshall Wace LLP bought a new stake in shares of Gloo during the 4th quarter worth about $173,000. HRT Financial LP acquired a new position in shares of Gloo during the 4th quarter valued at about $179,000. Skylands Capital LLC bought a new position in shares of Gloo in the 4th quarter valued at approximately $511,000. Finally, Annandale Capital LLC acquired a new stake in Gloo in the 4th quarter worth approximately $1,423,000.

Gloo Stock Performance

Shares of Gloo stock opened at $4.75 on Thursday. Gloo Holdings has a 1 year low of $4.45 and a 1 year high of $9.98. The business has a fifty day moving average of $5.95.

Gloo (NASDAQ:GLOO) last issued its quarterly 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 business had revenue of $41.53 million for the quarter. On average, sell-side analysts anticipate that Gloo Holdings will post -0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

GLOO has been the subject of several recent analyst reports. Weiss Ratings raised shares of Gloo from a “sell (e-)” rating to a “sell (e)” rating in a report on Friday, May 1st. Benchmark boosted their target price on shares of Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Finally, Wall Street Zen downgraded Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.00.

Insider Activity

In other Gloo news, major shareholder Financial For Luthera Thrivent sold 6,600 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $4.74, for a total value of $31,284.00. Following the completion of the transaction, the insider owned 4,719,000 shares of the company’s stock, valued at $22,368,060. This represents a 0.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Scott Arthur Beck acquired 3,700 shares of Gloo stock in a transaction on Friday, April 17th. The stock was purchased at an average price of $7.97 per share, with a total value of $29,489.00. Following the transaction, the chief executive officer directly owned 443,586 shares in the company, valued at approximately $3,535,380.42. This trade represents a 0.84% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders purchased 33,886 shares of company stock valued at $249,834 and sold 67,477 shares valued at $317,973. 45.23% of the stock is currently owned by company insiders.

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.