Insider Buying: Gloo (NASDAQ:GLOO) CEO Buys $22,344.00 in Stock

Gloo Holdings (NASDAQ:GLOO) CEO Scott Arthur Beck acquired 2,800 shares of the stock in a transaction dated Monday, April 20th. The shares were bought at an average cost of $7.98 per share, with a total value of $22,344.00. Following the completion of the transaction, the chief executive officer owned 446,386 shares of the company’s stock, valued at approximately $3,562,160.28. This represents a 0.63% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, April 17th, Scott Arthur Beck acquired 3,700 shares of Gloo stock. The shares were bought at an average cost of $7.97 per share, with a total value of $29,489.00.
• On Thursday, April 16th, Scott Arthur Beck acquired 27,386 shares of Gloo stock. The shares were bought at an average cost of $7.23 per share, with a total value of $198,000.78.

Gloo Price Performance

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

Gloo (NASDAQ:GLOO) last announced its quarterly earnings data on Tuesday, April 14th. The company reported ($0.78) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.47). The firm had revenue of $33.63 million during the quarter, compared to analyst estimates of $31.98 million. On average, sell-side analysts predict that Gloo Holdings will post -0.31 earnings per share for the current year.

Hedge Funds Weigh In On Gloo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new position in Gloo in the fourth quarter valued at approximately $82,000. 1492 Capital Management LLC lifted its stake in Gloo by 5.5% in the first quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock valued at $1,451,000 after buying an additional 15,824 shares during the last quarter. Beacon Pointe Advisors LLC purchased a new stake in Gloo in the fourth quarter valued at approximately $142,000. Marshall Wace LLP purchased a new stake in Gloo in the fourth quarter valued at approximately $173,000. Finally, HRT Financial LP purchased a new stake in Gloo in the fourth quarter valued at approximately $179,000.

Wall Street Analyst Weigh In

GLOO has been the subject of a number of research analyst reports. Weiss Ratings initiated coverage on Gloo in a report on Thursday, February 12th. They issued a “sell (e-)” rating for the company. Roth Mkm reaffirmed a “buy” rating on shares of Gloo in a report on Thursday, January 29th. Finally, Wall Street Zen downgraded Gloo from a “hold” rating to a “sell” rating in a 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 data from MarketBeat, Gloo has a consensus rating of “Hold” and a consensus target price of $17.00.

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.