Short Interest in Gloo Holdings (NASDAQ:GLOO) Declines By 56.8%

Gloo Holdings (NASDAQ:GLOO) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 96,258 shares, a drop of 56.8% from the April 15th total of 222,684 shares. Based on an average daily volume of 111,496 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.1% of the company’s shares are short sold.

Insider Buying and Selling at Gloo

In other news, CEO Scott Arthur Beck acquired 3,700 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The stock was purchased at an average cost of $7.97 per share, for a total transaction of $29,489.00. Following the completion of the acquisition, 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 position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders acquired 33,886 shares of company stock worth $249,834 in the last ninety days.

Institutional Investors Weigh In On Gloo

A number of large investors have recently bought and sold shares of GLOO. Jane Street Group LLC purchased a new stake in Gloo in the fourth quarter valued at approximately $82,000. 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. HRT Financial LP purchased a new stake in Gloo in the fourth quarter valued at approximately $179,000. Finally, Millennium Management LLC purchased a new stake in Gloo in the fourth quarter valued at approximately $402,000.

Wall Street Analyst Weigh In

Several analysts recently weighed in on GLOO shares. Roth Mkm restated a “buy” rating on shares of Gloo in a report on Thursday, January 29th. Weiss Ratings upgraded Gloo from a “sell (e-)” rating to a “sell (e)” rating in a report on Friday, May 1st. Finally, Wall Street Zen upgraded Gloo from a “sell” rating to a “hold” rating in a report on Sunday, April 26th. 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, Gloo currently has a consensus rating of “Hold” and a consensus price target of $17.00.

Gloo Stock Performance

Shares of GLOO stock traded down $0.10 during trading hours on Friday, reaching $5.99. 14,634 shares of the company’s stock were exchanged, compared to its average volume of 77,783. Gloo has a 1 year low of $4.63 and a 1 year high of $9.98. The firm has a fifty day moving average price of $6.06.

Gloo (NASDAQ:GLOO) last issued its quarterly earnings results on Tuesday, April 14th. The company reported ($0.78) earnings per share 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. As a group, equities analysts forecast that Gloo will post -0.31 earnings per share for the current year.

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.