Gloo (NASDAQ:GLOO) Cut to “Sell” at Wall Street Zen
by Scott Moore · The Cerbat GemWall Street Zen lowered shares of Gloo (NASDAQ:GLOO – Free Report) from a hold rating to a sell rating in a report released on Saturday.
Several other research firms have also commented on GLOO. Weiss Ratings assumed coverage on shares of Gloo in a report on Thursday, February 12th. They issued a “sell (e-)” rating for the company. Roth Mkm reissued a “buy” rating on shares of Gloo in a research report on Thursday, January 29th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Gloo has a consensus rating of “Hold” and a consensus target price of $17.00.
View Our Latest Analysis on Gloo
Gloo Stock Up 0.1%
NASDAQ:GLOO opened at $8.00 on Friday. Gloo has a twelve month low of $4.63 and a twelve month high of $9.98. The stock’s fifty day simple moving average is $5.78.
Gloo (NASDAQ:GLOO – Get Free Report) last released its quarterly earnings data on Tuesday, April 14th. The company reported ($0.78) earnings per share (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 the consensus estimate of $31.98 million. On average, sell-side analysts anticipate that Gloo will post -0.31 earnings per share for the current year.
Insider Activity at Gloo
In other Gloo news, CEO Scott Arthur Beck acquired 3,700 shares of the business’s stock in a transaction dated Friday, April 17th. The shares were purchased at an average price of $7.97 per share, for a total transaction of $29,489.00. Following the completion of the purchase, the chief executive officer directly owned 443,586 shares of the company’s stock, valued at $3,535,380.42. The trade was a 0.84% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have acquired 33,886 shares of company stock valued at $249,834.
Institutional Trading of Gloo
A number of hedge funds have recently modified their holdings of GLOO. Jane Street Group LLC purchased a new stake in Gloo in the 4th quarter worth approximately $82,000. Beacon Pointe Advisors LLC acquired a new position in shares of Gloo in the fourth quarter worth about $142,000. Marshall Wace LLP purchased a new stake in shares of Gloo during the 4th quarter worth about $173,000. HRT Financial LP purchased a new stake in shares of Gloo during the 4th quarter worth about $179,000. Finally, Millennium Management LLC acquired a new stake in shares of Gloo during the 4th quarter valued at 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.