Skylands Capital LLC Invests $511,000 in Gloo Holdings $GLOO

Skylands Capital LLC bought a new stake in Gloo Holdings (NASDAQ:GLOO) during the fourth quarter, HoldingsChannel.com reports. The fund bought 89,770 shares of the company’s stock, valued at approximately $511,000.

Analysts Set New Price Targets

GLOO has been the topic of a number of recent analyst reports. Weiss Ratings began coverage on Gloo in a research report on Thursday, February 12th. They set a “sell (e-)” rating on the stock. Wall Street Zen upgraded Gloo from a “sell” rating to a “hold” rating in a research note on Sunday. Finally, Roth Mkm reissued a “buy” rating on shares of Gloo in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.00.

Insiders Place Their Bets

In other news, CEO Scott Arthur Beck purchased 3,700 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was acquired at an average cost of $7.97 per share, with a total value of $29,489.00. Following the acquisition, the chief executive officer owned 443,586 shares in the company, valued at approximately $3,535,380.42. This trade represents a 0.84% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders purchased 33,886 shares of company stock worth $249,834.

Gloo Stock Down 3.5%

NASDAQ GLOO opened at $6.64 on Tuesday. Gloo Holdings has a 52-week low of $4.63 and a 52-week high of $9.98. The business’s 50-day moving average is $5.96.

Gloo (NASDAQ:GLOO) last issued 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 analysts’ expectations of $31.98 million. As a group, equities research analysts expect that Gloo Holdings will post -0.31 earnings per share for the current year.

Gloo 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.