Gloo (NASDAQ:GLOO) Stock Price Up 8.7% – Should You Buy?

Gloo Holdings (NASDAQ:GLOO)’s stock price shot up 8.7% on Wednesday . The stock traded as high as $6.40 and last traded at $6.36. 47,733 shares were traded during mid-day trading, a decline of 19% from the average session volume of 58,591 shares. The stock had previously closed at $5.85.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Gloo from a “sell” rating to a “hold” rating in a research note on Saturday. Roth Mkm restated a “buy” rating on shares of Gloo in a research report on Thursday, January 29th. Finally, Weiss Ratings started coverage on Gloo in a research report on Thursday, February 12th. They issued a “sell (e-)” rating for the company. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $17.00.

Gloo Price Performance

Gloo (NASDAQ:GLOO) last announced its earnings results on Tuesday, December 23rd. The company reported ($6.08) earnings per share for the quarter. The company had revenue of $32.55 million for the quarter.

Institutional Trading of Gloo

Several large investors have recently made changes to their positions in the company. Beacon Pointe Advisors LLC acquired a new position in Gloo during the 4th quarter worth approximately $142,000. HRT Financial LP bought a new stake in shares of Gloo during the fourth quarter valued at approximately $179,000. Millennium Management LLC acquired a new position in shares of Gloo during the fourth quarter worth approximately $402,000. Annandale Capital LLC bought a new position in shares of Gloo in the 4th quarter worth $1,423,000. Finally, Grace & Mercy Foundation Inc. acquired a new stake in Gloo in the 4th quarter valued at $14,225,000.

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.