250,000 Shares in Gloo Holdings $GLOO Purchased by Waverly Advisors LLC

Waverly Advisors LLC purchased a new stake in Gloo Holdings (NASDAQ:GLOO) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 250,000 shares of the company’s stock, valued at approximately $1,202,000. Waverly Advisors LLC owned about 0.31% of Gloo as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of GLOO. Jane Street Group LLC purchased a new stake in Gloo during the 4th quarter worth approximately $82,000. Beacon Pointe Advisors LLC purchased a new position in shares of Gloo during the 4th quarter valued at approximately $142,000. Marshall Wace LLP acquired a new stake in shares of Gloo during the fourth quarter worth approximately $173,000. HRT Financial LP acquired a new stake in shares of Gloo during the fourth quarter worth approximately $179,000. Finally, Millennium Management LLC bought a new stake in shares of Gloo in the fourth quarter worth $402,000.

Analyst Ratings Changes

GLOO has been the topic of several recent analyst reports. Wall Street Zen cut shares of Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Citigroup started coverage on shares of Gloo in a report on Monday, July 20th. They set an “outperform” rating for the company. Weiss Ratings reissued a “sell (e)” rating on shares of Gloo in a research report on Wednesday. Citizens Jmp began coverage on shares of Gloo in a research note on Monday, July 20th. They issued an “outperform” rating and a $8.00 target price on the stock. Finally, Benchmark increased their price target on shares of Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $13.33.

Insider Buying and Selling at Gloo

In other news, major shareholder Financial For Luthera Thrivent sold 20,000 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $3.23, for a total value of $64,600.00. Following the transaction, the insider directly owned 4,217,000 shares in the company, valued at approximately $13,620,910. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Scott Arthur Beck purchased 1,076,923 shares of the firm’s stock in a transaction dated Friday, July 10th. The stock was acquired at an average cost of $3.25 per share, with a total value of $3,499,999.75. Following the completion of the acquisition, the chief executive officer directly owned 1,523,309 shares in the company, valued at approximately $4,950,754.25. This trade represents a 241.25% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have bought 2,615,383 shares of company stock worth $8,499,995 and have sold 343,577 shares worth $1,308,943. Insiders own 45.23% of the company’s stock.

Gloo Trading Up 2.5%

Shares of NASDAQ GLOO opened at $3.23 on Friday. Gloo Holdings has a twelve month low of $2.94 and a twelve month high of $9.98. The company has a quick ratio of 0.91, a current ratio of 0.94 and a debt-to-equity ratio of 0.11. The company has a market cap of $265.22 million and a P/E ratio of -0.57. The firm has a 50 day moving average price of $4.25.

Gloo (NASDAQ:GLOO) last posted its quarterly earnings results on Monday, June 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The company had revenue of $41.53 million during the quarter. As a group, equities analysts predict that Gloo Holdings will post -0.28 earnings per share for the current year.

Gloo 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.