Insider Buying: Gloo (NASDAQ:GLOO) Director Acquires $1,999,998.00 in Stock

Gloo Holdings (NASDAQ:GLOO) Director Derek Todd Green bought 615,384 shares of the firm’s stock in a transaction that occurred on Friday, July 10th. The shares were purchased at an average cost of $3.25 per share, with a total value of $1,999,998.00. Following the purchase, the director directly owned 865,384 shares of the company’s stock, valued at approximately $2,812,498. This represents a 246.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Gloo Price Performance

Shares of GLOO traded down $0.09 during mid-day trading on Friday, hitting $2.95. The company’s stock had a trading volume of 927,805 shares, compared to its average volume of 130,335. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.91. The company has a 50-day moving average of $5.18. Gloo Holdings has a fifty-two week low of $2.94 and a fifty-two week high of $9.98. The company has a market cap of $242.23 million and a PE ratio of -0.52.

Gloo (NASDAQ:GLOO) last released its earnings results on Monday, June 8th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The company had revenue of $41.53 million for the quarter. As a group, equities analysts anticipate that Gloo Holdings will post -0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on GLOO shares. Benchmark raised their price objective on Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Wall Street Zen downgraded Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Finally, Weiss Ratings upgraded Gloo from a “sell (e-)” rating to a “sell (e)” rating in a research report on Friday, May 1st. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $16.00.

Hedge Funds Weigh In On Gloo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GLOO. Grace & Mercy Foundation Inc. acquired a new stake in Gloo during the 4th quarter valued at $14,225,000. Cornerstone Management Inc. purchased a new stake in shares of Gloo in the first quarter valued at $601,000. Skylands Capital LLC acquired a new stake in shares of Gloo in the fourth quarter worth $511,000. 1492 Capital Management LLC purchased a new position in shares of Gloo during the fourth quarter valued at $1,627,000. Finally, Annandale Capital LLC purchased a new stake in Gloo in the 4th quarter worth about $1,423,000.

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.