Gloo (NASDAQ:GLOO) Director Derek Todd Green Buys 615,384 Shares of Stock

Gloo Holdings (NASDAQ:GLOO) Director Derek Todd Green purchased 615,384 shares of the business’s stock in a transaction on Friday, July 10th. The stock was acquired at an average price of $3.25 per share, with a total value of $1,999,998.00. Following the completion of the acquisition, the director directly owned 865,384 shares in the company, valued at $2,812,498. The trade was a 246.15% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Gloo Trading Down 3.0%

Shares of Gloo stock traded down $0.09 during trading hours on Friday, reaching $2.95. 927,805 shares of the company’s stock were exchanged, compared to its average volume of 249,673. Gloo Holdings has a 52-week low of $2.94 and a 52-week high of $9.98. The company’s fifty day moving average is $5.10. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.91. The company has a market capitalization of $242.22 million and a price-to-earnings ratio of -0.52.

Gloo (NASDAQ:GLOO) last announced its quarterly earnings data on Monday, June 8th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The firm had revenue of $41.53 million during the quarter. On average, equities research analysts anticipate that Gloo Holdings will post -0.31 earnings per share for the current fiscal year.

More Gloo News

Here are the key news stories impacting Gloo this week:

• Positive Sentiment: CEO Scott Arthur Beck bought 1,076,923 shares at $3.25, a large insider purchase that suggests management sees value in the stock. CEO Insider Purchase Filing
• Positive Sentiment: Director Derek Todd Green bought 615,384 shares at $3.25, adding to the bullish insider-buying signal. Director Insider Purchase Filing
• Neutral Sentiment: The company said it priced a 7 million-share public offering at $3.25 per share, bringing in about $22.75 million before expenses. Public Offering Announcement
• Negative Sentiment: Major shareholder Financial For Luthera Thrivent sold shares in recent filings, which can add to investor concern about near-term conviction. Shareholder Sale Filing
• Negative Sentiment: A recent report highlighting Gloo’s $48 million in losses is likely weighing on sentiment as investors focus on profitability and funding needs. Losses Report

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its position in Gloo by 263.4% during the first 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 period. Waverly Advisors LLC acquired a new stake in Gloo during the first quarter worth about $1,202,000. 1492 Capital Management LLC raised its holdings in shares of Gloo by 5.5% in the 1st quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock worth $1,451,000 after purchasing an additional 15,824 shares during the period. Cornerstone Management Inc. purchased a new position in shares of Gloo in the 1st quarter worth about $601,000. Finally, Beacon Pointe Advisors LLC acquired a new position in shares of Gloo in the 4th quarter valued at about $142,000.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GLOO. Benchmark increased their price objective on shares of Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Weiss Ratings upgraded shares of Gloo from a “sell (e-)” rating to a “sell (e)” rating in a report on Friday, May 1st. Finally, Wall Street Zen lowered shares of Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Gloo currently has a consensus rating of “Hold” and an average price target of $16.00.

Gloo Company Profile

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.