NasdaqGS:GLOOSoftware
Is Gloo Holdings (GLOO) Undervalued On Its Follow On Equity Offering?
Gloo Holdings (GLOO) recently completed a follow on equity offering, raising US$22.75 million through the sale of 7,000,000 Class A Common Stock shares at US$3.25 each, a US$0.195 discount per share.
See our latest analysis for Gloo Holdings.
The follow on offering comes after a period of pressure on Gloo Holdings' share price, with the stock down 15.6% on a 7 day share price return basis and 54.6% over 90 days. The latest close at US$3.36 suggests that short term momentum has been fading.
If...