Gloo Holdings (NASDAQ:GLOO) Stock Short Interest Report for September

Gloo Holdings (NASDAQ:GLOO) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 810,051 shares, an increase of 161.2% from the September 15th total of 310,142 shares. Currently, 1.6% of the shares of the company are short sold. Based on an average daily volume of 2,314,765 shares, the days-to-cover ratio is presently 0.3 days.

Gloo Stock Down 0.8%

NASDAQ:GLOO traded down $0.03 during midday trading on Monday, hitting $3.80. 538,479 shares of the stock were exchanged, compared to its average volume of 1,542,118. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.23 and a quick ratio of 1.21. Gloo has a one year low of $2.90 and a one year high of $9.98. The business has a 50-day moving average price of $3.71 and a two-hundred day moving average price of $4.60.

Gloo (NASDAQ:GLOO) last issued its quarterly earnings results on Wednesday, September 9th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.14). The firm had revenue of $46.57 million for the quarter. Gloo had a negative net margin of 81.35% and a negative return on equity of 1,637.91%. On average, research analysts expect that Gloo will post -0.65 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on GLOO. Citigroup assumed coverage on Gloo in a report on Monday, July 20th. They set an “outperform” rating on the stock. Citizens Jmp reissued a “market outperform” rating and issued a $8.00 price objective on shares of Gloo in a report on Thursday, September 10th. Lake Street Capital lowered their target price on Gloo from $12.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th. Weiss Ratings downgraded Gloo from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, September 14th. Finally, Wall Street Zen lowered Gloo from a “hold” rating to a “sell” rating in a research report on Sunday, September 13th. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Gloo presently has an average rating of “Moderate Buy” and an average target price of $12.00.

Insider Transactions at Gloo

In other Gloo news, major shareholder Financial For Luthera Thrivent sold 36,000 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $3.23, for a total value of $116,280.00. Following the completion of the transaction, the insider owned 4,039,000 shares in the company, valued at approximately $13,045,970. This represents a 0.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 224,700 shares of company stock worth $751,107. Insiders own 45.23% of the company’s stock.

Institutional Trading of Gloo

Several institutional investors have recently modified their holdings of the company. Grace & Mercy Foundation Inc. acquired a new stake in Gloo in the 4th quarter valued at about $14,225,000. 1492 Capital Management LLC grew its stake in shares of Gloo by 5.5% in the 1st quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock worth $1,451,000 after purchasing an additional 15,824 shares during the last quarter. Waverly Advisors LLC acquired a new position in shares of Gloo in the 1st quarter worth approximately $1,202,000. Cornerstone Management Inc. bought a new stake in shares of Gloo in the 1st quarter worth approximately $601,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Gloo by 263.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock worth $27,000 after purchasing an additional 3,996 shares in the last quarter.

Gloo Company Profile

Gloo, Inc (NASDAQ:GLOO) is a technology company focused on supporting faith-based organizations, churches and ministry leaders. Its platform is designed to help organizations strengthen relationships, improve engagement and pursue growth through digital tools, data-driven insights and connected resources.

The company offers technology and services intended to assist with church and ministry operations, leadership development, communications and community-building. Gloo also develops artificial intelligence and other digital solutions aimed at helping faith leaders and organizations access information, guidance and practical tools.

Gloo primarily serves faith-based organizations and leaders in the United States.