Gloo Holdings (NASDAQ:GLOO) Stock Has Average Price Target of $12.00

Shares of Gloo Holdings (NASDAQ:GLOO) have received an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $12.00.

A number of equities analysts recently issued reports on GLOO shares. 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. Weiss Ratings downgraded Gloo from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, September 14th. Benchmark boosted their price target on Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Lake Street Capital decreased their price target on Gloo from $12.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, September 10th. Finally, Citigroup assumed coverage on shares of Gloo in a research note on Monday, July 20th. They set an “outperform” rating on the stock.

Insider Activity at Gloo

In other news, major shareholder Grace & Mercy Foundation, Inc. bought 923,076 shares of the business’s stock in a transaction on Thursday, July 9th. The stock was purchased at an average cost of $3.25 per share, for a total transaction of $2,999,997.00. Following the completion of the transaction, the insider directly owned 3,423,076 shares of the company’s stock, valued at approximately $11,124,997. This trade represents a 36.92% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Derek Green purchased 615,384 shares of the firm’s stock in a transaction 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 completion of the purchase, the director owned 865,384 shares in the company, valued at $2,812,498. This represents a 246.15% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have acquired 2,615,383 shares of company stock valued at $8,499,995 and have sold 407,400 shares valued at $1,343,744. Corporate insiders own 45.23% of the company’s stock.

Institutional Trading of Gloo

A number of hedge funds and other institutional investors have recently modified their holdings of GLOO. Grace & Mercy Foundation Inc. bought a new position in Gloo during the fourth quarter valued at about $14,225,000. 1492 Capital Management LLC raised 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 acquiring an additional 15,824 shares in the last quarter. Waverly Advisors LLC bought a new stake in Gloo in the first quarter worth about $1,202,000. Cornerstone Management Inc. acquired a new stake in Gloo in the 1st quarter valued at about $601,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Gloo by 263.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock valued at $27,000 after acquiring an additional 3,996 shares during the last quarter.

Gloo Trading Down 3.5%

Gloo stock opened at $4.12 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.23 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $3.63 and a two-hundred day moving average price of $4.67. The firm has a market capitalization of $377.10 million and a price-to-earnings ratio of -0.56. Gloo has a 52-week low of $2.90 and a 52-week high of $9.98.

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

Gloo Company Profile

Gloo is a technology company that provides digital tools and services for faith-based organizations, including churches, ministries and other community-focused groups. Its platform is designed to help organizations build relationships, communicate with members and supporters, and manage engagement through digital channels.

The company’s offerings include customer relationship management capabilities, digital marketing and communications tools, data and analytics services, and technology intended to support ministry operations.