Gloo Holdings (NASDAQ:GLOO) Short Interest Update

Gloo Holdings (NASDAQ:GLOO) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 421,090 shares, a growth of 206.6% from the May 31st total of 137,338 shares. Based on an average daily volume of 259,254 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.9% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GLOO. Weiss Ratings upgraded shares of Gloo from a “sell (e-)” rating to a “sell (e)” rating in a research note on Friday, May 1st. Benchmark upped their target price on Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Finally, Wall Street Zen cut Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Gloo currently has a consensus rating of “Hold” and an average target price of $16.00.

Insider Activity at Gloo

In related news, CEO Scott Arthur Beck acquired 27,386 shares of the firm’s stock in a transaction on Thursday, April 16th. The shares were acquired at an average cost of $7.23 per share, for a total transaction of $198,000.78. Following the completion of the transaction, the chief executive officer directly owned 439,886 shares in the company, valued at approximately $3,180,375.78. This trade represents a 6.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Financial For Luthera Thrivent sold 27,859 shares of Gloo stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $4.59, for a total transaction of $127,872.81. Following the transaction, the insider directly owned 4,684,000 shares of the company’s stock, valued at approximately $21,499,560. This represents a 0.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders acquired 33,886 shares of company stock valued at $249,834 and sold 123,477 shares valued at $570,957. Corporate insiders own 45.23% of the company’s stock.

Institutional Investors Weigh In On Gloo

Several institutional investors have recently bought and sold shares of GLOO. EverSource Wealth Advisors LLC lifted its stake in 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. Jane Street Group LLC acquired a new stake in shares of Gloo in the fourth quarter valued at approximately $82,000. Beacon Pointe Advisors LLC purchased a new position in Gloo during the fourth quarter worth approximately $142,000. Marshall Wace LLP acquired a new position in Gloo during the fourth quarter worth $173,000. Finally, HRT Financial LP purchased a new stake in Gloo in the 4th quarter valued at $179,000.

Gloo Stock Up 3.6%

Shares of NASDAQ:GLOO traded up $0.15 during trading on Friday, hitting $4.36. The stock had a trading volume of 151,204 shares, compared to its average volume of 179,513. Gloo has a 12-month low of $4.20 and a 12-month high of $9.98. The business’s 50-day moving average price is $5.76.

Gloo (NASDAQ:GLOO) last issued its earnings results on Monday, June 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The company had revenue of $41.53 million for the quarter. As a group, equities analysts anticipate that Gloo will post -0.31 EPS for the current fiscal year.

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.