Waverly Advisors LLC Takes Position in Gloo Holdings $GLOO

Waverly Advisors LLC purchased a new position in shares of Gloo Holdings (NASDAQ:GLOO) during the first quarter, Holdings Channel.com reports. The fund purchased 250,000 shares of the company’s stock, valued at approximately $1,202,000.

Several other hedge funds have also made changes to their positions in GLOO. Jane Street Group LLC acquired a new position in Gloo during the 4th quarter valued at approximately $82,000. 1492 Capital Management LLC increased its position in Gloo by 5.5% in the first quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock worth $1,451,000 after buying an additional 15,824 shares during the period. Beacon Pointe Advisors LLC acquired a new stake in Gloo in the fourth quarter worth $142,000. Marshall Wace LLP bought a new stake in Gloo in the fourth quarter valued at $173,000. Finally, HRT Financial LP bought a new stake in Gloo in the fourth quarter valued at $179,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Citigroup assumed coverage on shares of Gloo in a report on Monday, July 20th. They set an “outperform” rating for the company. Benchmark increased their price objective on shares of Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Wall Street Zen downgraded shares of Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Citizens Jmp assumed coverage on shares of Gloo in a research note on Monday, July 20th. They set an “outperform” rating and a $8.00 target price for the company. Finally, Weiss Ratings restated a “sell (e)” rating on shares of Gloo in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $13.33.

Insider Activity at Gloo

In related news, Director Derek Todd Green bought 615,384 shares of the firm’s stock in a transaction that occurred on Friday, July 10th. The stock was purchased 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. This represents a 246.15% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Financial For Luthera Thrivent sold 20,000 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $3.23, for a total transaction of $64,600.00. Following the transaction, the insider directly owned 4,217,000 shares in the company, valued at approximately $13,620,910. The trade was a 0.47% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have acquired 2,615,383 shares of company stock valued at $8,499,995 and have sold 343,577 shares valued at $1,308,943. 45.23% of the stock is currently owned by corporate insiders.

Gloo Price Performance

Shares of Gloo stock opened at $3.23 on Friday. The firm’s fifty day simple moving average is $4.25. The company has a quick ratio of 0.91, a current ratio of 0.94 and a debt-to-equity ratio of 0.11. The company has a market cap of $265.22 million and a P/E ratio of -0.57. Gloo Holdings has a 1-year low of $2.94 and a 1-year high of $9.98.

Gloo (NASDAQ:GLOO) last announced its quarterly earnings results on Monday, June 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The business had revenue of $41.53 million during the quarter. On average, research analysts expect that Gloo Holdings will post -0.28 earnings per share for the current fiscal year.

Gloo 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.