Grace & Mercy Foundation Inc. Invests $14.23 Million in Gloo Holdings $GLOO

Grace & Mercy Foundation Inc. bought a new position in shares of Gloo Holdings (NASDAQ:GLOO) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,500,000 shares of the company’s stock, valued at approximately $14,225,000. Gloo accounts for about 3.2% of Grace & Mercy Foundation Inc.’s investment portfolio, making the stock its 10th largest holding. Grace & Mercy Foundation Inc. owned approximately 3.14% of Gloo at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Skylands Capital LLC purchased a new position in Gloo in the 4th quarter worth about $511,000. 1492 Capital Management LLC acquired a new position in shares of Gloo in the fourth quarter worth about $1,627,000. Annandale Capital LLC purchased a new position in shares of Gloo in the fourth quarter worth approximately $1,423,000. HRT Financial LP purchased a new position in shares of Gloo in the fourth quarter worth approximately $179,000. Finally, Jane Street Group LLC acquired a new stake in shares of Gloo during the fourth quarter valued at approximately $82,000.

Analyst Ratings Changes

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

Gloo Stock Up 0.6%

GLOO stock opened at $4.75 on Thursday. The stock’s 50 day moving average is $5.95. Gloo Holdings has a 52 week low of $4.45 and a 52 week high of $9.98.

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

Insider Buying and Selling at Gloo

In other Gloo news, major shareholder Financial For Luthera Thrivent sold 6,600 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $4.74, for a total value of $31,284.00. Following the transaction, the insider directly owned 4,719,000 shares of the company’s stock, valued at $22,368,060. This represents a 0.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Scott Arthur Beck purchased 3,700 shares of the business’s stock in a transaction dated Friday, April 17th. The shares were purchased 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 directly owned 443,586 shares in the company, valued at approximately $3,535,380.42. This represents a 0.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 33,886 shares of company stock valued at $249,834 and have sold 67,477 shares valued at $317,973. 45.23% of the stock is currently owned by company insiders.

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.