Gloo (NASDAQ:GLOO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Gloo (NASDAQ:GLOO) from a sell rating to a hold rating in a research note issued to investors on Saturday.

GLOO has been the subject of a number of other research reports. Roth Mkm reissued a “buy” rating on shares of Gloo in a report on Thursday, January 29th. Weiss Ratings started coverage on Gloo in a research note on Thursday, February 12th. They set a “sell (e-)” rating for the company. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $17.00.

Gloo Trading Up 0.7%

Shares of NASDAQ:GLOO opened at $5.65 on Friday. Gloo has a 12 month low of $4.80 and a 12 month high of $9.98.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new position in shares of Gloo in the fourth quarter worth $82,000. Beacon Pointe Advisors LLC bought a new position in Gloo in the 4th quarter valued at about $142,000. Marshall Wace LLP bought a new position in Gloo in the 4th quarter valued at about $173,000. HRT Financial LP bought a new stake in shares of Gloo during the 4th quarter worth about $179,000. Finally, Millennium Management LLC acquired a new stake in shares of Gloo in the 4th quarter worth approximately $402,000.

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.