Gloo (NASDAQ:GLOO) CEO Purchases $29,489.00 in Stock

Gloo Holdings (NASDAQ:GLOO) CEO Scott Arthur Beck bought 3,700 shares of Gloo stock in a transaction that occurred on Friday, April 17th. The stock was bought at an average cost of $7.97 per share, with a total value of $29,489.00. Following the completion of the purchase, the chief executive officer owned 443,586 shares in the company, valued at approximately $3,535,380.42. This trade represents a 0.84% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Scott Arthur Beck also recently made the following trade(s):

• On Monday, April 20th, Scott Arthur Beck purchased 2,800 shares of Gloo stock. The shares were acquired at an average cost of $7.98 per share, for a total transaction of $22,344.00.
• On Thursday, April 16th, Scott Arthur Beck purchased 27,386 shares of Gloo stock. The shares were acquired at an average cost of $7.23 per share, for a total transaction of $198,000.78.

Gloo Trading Up 4.1%

Shares of NASDAQ:GLOO opened at $7.92 on Thursday. The business’s 50-day simple moving average is $5.87. Gloo Holdings has a one year low of $4.63 and a one year high of $9.98.

Gloo (NASDAQ:GLOO) last issued its quarterly earnings results on Tuesday, April 14th. The company reported ($0.78) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.47). The business had revenue of $33.63 million for the quarter, compared to analysts’ expectations of $31.98 million. As a group, equities analysts forecast that Gloo Holdings will post -0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

GLOO has been the topic of several analyst reports. Weiss Ratings initiated coverage on shares of Gloo in a research report on Thursday, February 12th. They set a “sell (e-)” rating on the stock. Roth Mkm reissued a “buy” rating on shares of Gloo in a research report on Thursday, January 29th. Finally, Wall Street Zen cut shares of Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, April 18th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $17.00.

Institutional Investors Weigh In On Gloo

A number of institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC bought a new stake in shares of Gloo in the 4th quarter valued at about $82,000. 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 valued at $1,451,000 after purchasing an additional 15,824 shares during the period. Beacon Pointe Advisors LLC bought a new stake in shares of Gloo in the 4th quarter valued at about $142,000. Marshall Wace LLP bought a new stake in shares of Gloo in the 4th quarter valued at about $173,000. Finally, HRT Financial LP bought a new stake in shares of Gloo in the 4th quarter valued at about $179,000.

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.