Gloo Holdings (NASDAQ:GLOO) Sees Significant Drop in Short Interest
by Renee Jackson · The Cerbat GemGloo Holdings (NASDAQ:GLOO – Get Free Report) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 96,258 shares, a decrease of 56.8% from the April 15th total of 222,684 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 111,496 shares, the days-to-cover ratio is presently 0.9 days.
Gloo Price Performance
Shares of NASDAQ GLOO traded down $0.10 during mid-day trading on Friday, hitting $5.99. The company had a trading volume of 14,634 shares, compared to its average volume of 65,104. The company has a 50-day moving average price of $6.06. Gloo has a one year low of $4.63 and a one year high of $9.98.
Gloo (NASDAQ:GLOO – Get Free Report) last announced its quarterly earnings data on Tuesday, April 14th. The company reported ($0.78) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.47). The firm had revenue of $33.63 million during the quarter, compared to the consensus estimate of $31.98 million. On average, sell-side analysts expect that Gloo will post -0.31 EPS for the current year.
Insider Activity at Gloo
In related news, CEO Scott Arthur Beck acquired 3,700 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The shares were acquired 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 in the company, valued at approximately $3,535,380.42. The trade was a 0.84% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired 33,886 shares of company stock worth $249,834 in the last quarter.
Hedge Funds Weigh In On Gloo
Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new position in Gloo during the fourth quarter worth about $82,000. Beacon Pointe Advisors LLC acquired a new stake in Gloo during the fourth quarter worth approximately $142,000. Marshall Wace LLP acquired a new stake in Gloo during the fourth quarter worth approximately $173,000. HRT Financial LP acquired a new stake in Gloo during the fourth quarter worth approximately $179,000. Finally, Millennium Management LLC acquired a new stake in Gloo during the fourth quarter worth approximately $402,000.
Analyst Ratings Changes
Several research firms have issued reports on GLOO. Roth Mkm reissued a “buy” rating on shares of Gloo in a research note on Thursday, January 29th. Weiss Ratings raised Gloo from a “sell (e-)” rating to a “sell (e)” rating in a research note on Friday, May 1st. Finally, Wall Street Zen raised Gloo from a “sell” rating to a “hold” rating in a research note on Sunday, April 26th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $17.00.
Check Out Our Latest Stock Analysis on GLOO
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.