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

Gloo Holdings (NASDAQ:GLOO) saw a large drop in short interest in 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. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 111,496 shares, the days-to-cover ratio is currently 0.9 days.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GLOO. Roth Mkm reissued a “buy” rating on shares of Gloo in a research note on Thursday, January 29th. Wall Street Zen raised Gloo from a “sell” rating to a “hold” rating in a research note on Sunday, April 26th. Finally, Weiss Ratings raised Gloo from a “sell (e-)” rating to a “sell (e)” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $17.00.

Insider Transactions at Gloo

In other Gloo news, CEO Scott Arthur Beck bought 3,700 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were bought at an average price of $7.97 per share, with a total value of $29,489.00. Following the purchase, the chief executive officer owned 443,586 shares of the company’s stock, valued at $3,535,380.42. This trade represents a 0.84% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders purchased 33,886 shares of company stock worth $249,834.

Hedge Funds Weigh In On Gloo

A number of large investors have recently bought and sold shares of GLOO. Grace & Mercy Foundation Inc. purchased a new position in Gloo during the 4th quarter valued at $14,225,000. 1492 Capital Management LLC purchased a new stake in shares of Gloo in the 4th quarter worth $1,627,000. Annandale Capital LLC purchased a new stake in shares of Gloo in the 4th quarter worth $1,423,000. Waverly Advisors LLC purchased a new stake in shares of Gloo in the 1st quarter worth $1,202,000. Finally, Cornerstone Management Inc. purchased a new stake in shares of Gloo in the 1st quarter worth $601,000.

Gloo Price Performance

NASDAQ:GLOO traded down $0.10 during trading hours on Friday, reaching $5.99. The stock had a trading volume of 14,634 shares, compared to its average volume of 82,279. The company’s 50 day moving average price is $6.06. Gloo has a 52 week low of $4.63 and a 52 week high of $9.98.

Gloo (NASDAQ:GLOO) last announced its earnings results on Tuesday, April 14th. The company reported ($0.78) EPS 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 analysts’ expectations of $31.98 million. As a group, analysts anticipate that Gloo will post -0.31 EPS for the current year.

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.