Gloo (NASDAQ:GLOO) Trading Up 7.9% – What’s Next?

Gloo Holdings (NASDAQ:GLOO) shares traded up 7.9% on Wednesday . The company traded as high as $6.44 and last traded at $6.3350. 29,256 shares traded hands during trading, a decline of 55% from the average session volume of 65,176 shares. The stock had previously closed at $5.87.

Analysts Set New Price Targets

GLOO has been the subject of a number of research reports. Weiss Ratings started coverage on Gloo in a research report on Thursday, February 12th. They set a “sell (e-)” rating for the company. Roth Mkm restated a “buy” rating on shares of Gloo in a research note on Thursday, January 29th. Finally, Wall Street Zen raised Gloo from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.00.

Gloo Stock Up 9.4%

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

Institutional Investors Weigh In On Gloo

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in shares of Gloo in the 4th quarter valued at $82,000. Beacon Pointe Advisors LLC purchased a new stake in shares of Gloo during the 4th quarter worth about $142,000. Marshall Wace LLP acquired a new stake in shares of Gloo during the 4th quarter valued at about $173,000. HRT Financial LP purchased a new position in shares of Gloo in the 4th quarter valued at about $179,000. Finally, Millennium Management LLC acquired a new position in Gloo in the 4th quarter worth about $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.