Gloo Holdings (NASDAQ:GLOO) Stock Short Interest Report for September

Gloo Holdings (NASDAQ:GLOO) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 810,051 shares, a growth of 161.2% from the September 15th total of 310,142 shares. Based on an average daily trading volume, of 2,314,765 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.6% of the company’s stock are sold short.

Gloo Trading Down 0.8%

Shares of Gloo stock traded down $0.03 during trading hours on Monday, reaching $3.80. The company’s stock had a trading volume of 538,479 shares, compared to its average volume of 1,542,118. Gloo has a one year low of $2.90 and a one year high of $9.98. The company’s 50 day simple moving average is $3.71 and its 200 day simple moving average is $4.60. The company has a current ratio of 1.23, a quick ratio of 1.21 and a debt-to-equity ratio of 0.21.

Gloo (NASDAQ:GLOO) last announced its quarterly earnings data on Wednesday, September 9th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.14). The business had revenue of $46.57 million for the quarter. Gloo had a negative net margin of 81.35% and a negative return on equity of 1,637.91%. Analysts forecast that Gloo will post -0.65 earnings per share for the current year.

Insider Buying and Selling at Gloo

In other news, major shareholder Financial For Luthera Thrivent sold 16,000 shares of Gloo stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $3.55, for a total transaction of $56,800.00. Following the sale, the insider directly owned 4,023,000 shares of the company’s stock, valued at approximately $14,281,650. The trade was a 0.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 224,700 shares of company stock worth $751,107 in the last three months. 45.23% of the stock is owned by company insiders.

Hedge Funds Weigh In On Gloo

Several institutional investors have recently made changes to their positions in GLOO. EverSource Wealth Advisors LLC raised its position in shares of Gloo by 263.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock worth $27,000 after purchasing an additional 3,996 shares during the period. Cornerstone Management Inc. bought a new position in Gloo during the 1st quarter worth $601,000. Waverly Advisors LLC bought a new position in Gloo during the 1st quarter worth $1,202,000. 1492 Capital Management LLC increased its position in Gloo by 5.5% in the first quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock worth $1,451,000 after buying an additional 15,824 shares during the period. Finally, Grace & Mercy Foundation Inc. acquired a new stake in Gloo in the fourth quarter worth $14,225,000.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GLOO. Citizens Jmp restated a “market outperform” rating and set a $8.00 price objective on shares of Gloo in a report on Thursday, September 10th. Lake Street Capital reduced their target price on Gloo from $12.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, September 10th. Weiss Ratings lowered shares of Gloo from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, September 14th. Wall Street Zen cut shares of Gloo from a “hold” rating to a “sell” rating in a report on Sunday, September 13th. Finally, Citigroup assumed coverage on shares of Gloo in a research note on Monday, July 20th. They set an “outperform” rating on the stock. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $12.00.

About Gloo

Gloo, Inc (NASDAQ:GLOO) is a technology company focused on supporting faith-based organizations, churches and ministry leaders. Its platform is designed to help organizations strengthen relationships, improve engagement and pursue growth through digital tools, data-driven insights and connected resources.

The company offers technology and services intended to assist with church and ministry operations, leadership development, communications and community-building. Gloo also develops artificial intelligence and other digital solutions aimed at helping faith leaders and organizations access information, guidance and practical tools.

Gloo primarily serves faith-based organizations and leaders in the United States.