Gloo (NASDAQ:GLOO) Stock Price Up 1.6% – Here’s Why

Gloo Holdings (NASDAQ:GLOO) shares shot up 1.6% on Tuesday . The company traded as high as $5.88 and last traded at $5.60. 36,741 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 57,599 shares. The stock had previously closed at $5.51.

Wall Street Analyst Weigh In

Separately, Roth Mkm reaffirmed a “buy” rating on shares of Gloo in a research report on Thursday, January 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Gloo presently has a consensus rating of “Buy” and a consensus target price of $17.00.

Gloo Stock Up 1.6%

Gloo (NASDAQ:GLOO) last issued its quarterly earnings data on Tuesday, December 23rd. The company reported ($6.08) earnings per share for the quarter. The business had revenue of $32.55 million during the quarter.

Institutional Investors Weigh In On Gloo

A hedge fund recently bought a new stake in Gloo stock. 1492 Capital Management LLC purchased a new position in shares of Gloo Holdings (NASDAQ:GLOO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 285,882 shares of the company’s stock, valued at approximately $1,627,000. 1492 Capital Management LLC owned about 0.36% of Gloo as of its most recent SEC filing.

About Gloo

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.