Key Points
- CEO Scott Arthur Beck bought 2,800 shares on April 20 at $7.98, adding to prior purchases of 3,700 (Apr 17) and 27,386 (Apr 16), bringing his total to 446,386 shares (≈$3.56M), a 0.63% increase in ownership.
- Gloo reported quarterly results on April 14 with a worse-than-expected loss of ($0.78) EPS versus ($0.31) expected, while revenue of $33.63M topped estimates of $31.98M.
- Analyst sentiment is mixed (one Buy, one Sell) with an average rating of Hold and a $17.00 target, and institutional investors like Grace & Mercy Foundation recently established sizable new positions (≈$14.2M).
Gloo Holdings (NASDAQ:GLOO - Get Free Report) CEO Scott Arthur Beck purchased 2,800 shares of the company's stock in a transaction dated Monday, April 20th. The stock was purchased at an average price of $7.98 per share, with a total value of $22,344.00. Following the transaction, the chief executive officer owned 446,386 shares of the company's stock, valued at approximately $3,562,160.28. This represents a 0.63% 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.
Scott Arthur Beck also recently made the following trade(s):
- On Friday, April 17th, Scott Arthur Beck purchased 3,700 shares of Gloo stock. The stock was purchased at an average price of $7.97 per share, with a total value of $29,489.00.
- On Thursday, April 16th, Scott Arthur Beck purchased 27,386 shares of Gloo stock. The stock was purchased at an average price of $7.23 per share, with a total value of $198,000.78.
Gloo Trading Up 0.1%
GLOO stock opened at $8.00 on Tuesday. The firm has a 50 day simple moving average of $5.78. Gloo Holdings has a 12 month low of $4.63 and a 12 month high of $9.98.
Gloo (NASDAQ:GLOO - Get Free Report) last released its quarterly earnings results on Tuesday, April 14th. The company reported ($0.78) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.47). The firm had revenue of $33.63 million for the quarter, compared to analyst estimates of $31.98 million. Equities analysts anticipate that Gloo Holdings will post -0.31 EPS for the current fiscal year.
Wall Street Analyst Weigh In
GLOO has been the topic of several research reports. Weiss Ratings began coverage on shares of Gloo in a research report on Thursday, February 12th. They issued a "sell (e-)" rating on the stock. Roth Mkm restated a "buy" rating on shares of Gloo in a research report on Thursday, January 29th. Finally, Wall Street Zen downgraded Gloo from a "hold" rating to a "sell" rating in a research report on Saturday. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $17.00.
Check Out Our Latest Stock Report on GLOO
Hedge Funds Weigh In On Gloo
A number of institutional investors have recently modified their holdings of GLOO. Grace & Mercy Foundation Inc. acquired a new position in shares of Gloo in the fourth quarter valued at approximately $14,225,000. 1492 Capital Management LLC acquired a new position in shares of Gloo in the fourth quarter valued at approximately $1,627,000. Annandale Capital LLC acquired a new position in shares of Gloo in the fourth quarter valued at approximately $1,423,000. Cornerstone Management Inc. purchased a new stake in shares of Gloo in the first quarter valued at $601,000. Finally, Skylands Capital LLC purchased a new stake in shares of Gloo in the fourth quarter valued at $511,000.
Gloo Company Profile
(
Get Free Report)
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.
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