Gloo (NASDAQ:GLOO) Major Shareholder Sells 4,000 Shares

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $3.52, for a total value of $14,080.00. Following the transaction, the insider owned 4,153,000 shares of the company’s stock, valued at approximately $14,618,560. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Financial For Luthera Thrivent also recently made the following trade(s):

• On Friday, August 7th, Financial For Luthera Thrivent sold 11,000 shares of Gloo stock. The shares were sold at an average price of $3.55, for a total value of $39,050.00.
• On Thursday, August 6th, Financial For Luthera Thrivent sold 7,000 shares of Gloo stock. The shares were sold at an average price of $3.39, for a total value of $23,730.00.
• On Wednesday, August 5th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The stock was sold at an average price of $3.43, for a total value of $20,580.00.
• On Tuesday, August 4th, Financial For Luthera Thrivent sold 15,000 shares of Gloo stock. The stock was sold at an average price of $3.53, for a total value of $52,950.00.
• On Monday, August 3rd, Financial For Luthera Thrivent sold 21,000 shares of Gloo stock. The shares were sold at an average price of $3.46, for a total value of $72,660.00.
• On Thursday, July 30th, Financial For Luthera Thrivent sold 6,600 shares of Gloo stock. The stock was sold at an average price of $3.14, for a total transaction of $20,724.00.
• On Friday, July 31st, Financial For Luthera Thrivent sold 20,000 shares of Gloo stock. The stock was sold at an average price of $3.23, for a total transaction of $64,600.00.
• On Wednesday, July 29th, Financial For Luthera Thrivent sold 1,000 shares of Gloo stock. The shares were sold at an average price of $3.14, for a total transaction of $3,140.00.
• On Wednesday, July 22nd, Financial For Luthera Thrivent sold 100 shares of Gloo stock. The stock was sold at an average price of $3.37, for a total transaction of $337.00.
• On Friday, July 10th, Financial For Luthera Thrivent sold 20,000 shares of Gloo stock. The stock was sold at an average price of $2.98, for a total transaction of $59,600.00.

Gloo Price Performance

Shares of Gloo stock traded down $0.02 on Tuesday, hitting $3.46. The company had a trading volume of 88,867 shares, compared to its average volume of 236,397. Gloo Holdings has a 52 week low of $2.94 and a 52 week high of $9.98. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.91. The company has a market cap of $284.10 million and a PE ratio of -0.61. The business has a 50-day simple moving average of $3.97 and a 200-day simple moving average of $5.22.

Gloo (NASDAQ:GLOO) last released its earnings results on Monday, June 8th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The business had revenue of $41.53 million during the quarter. Research analysts expect that Gloo Holdings will post -0.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Gloo

A number of large investors have recently made changes to their positions in GLOO. Skylands Capital LLC purchased a new stake in shares of Gloo in the 4th quarter valued at approximately $511,000. 1492 Capital Management LLC purchased a new stake in shares of Gloo in the fourth quarter valued at $1,627,000. Annandale Capital LLC purchased a new stake in shares of Gloo in the fourth quarter valued at $1,423,000. HRT Financial LP acquired a new stake in shares of Gloo in the fourth quarter worth $179,000. Finally, Jane Street Group LLC purchased a new position in shares of Gloo during the fourth quarter valued at $82,000.

Wall Street Analysts Forecast Growth

GLOO has been the subject of a number of research analyst reports. Benchmark upped their price target on shares of Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Wall Street Zen lowered shares of Gloo from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Citizens Jmp started coverage on shares of Gloo in a research report on Monday, July 20th. They issued an “outperform” rating and a $8.00 price target on the stock. Weiss Ratings reaffirmed a “sell (e)” rating on shares of Gloo in a report on Wednesday, July 29th. Finally, Citigroup initiated coverage on Gloo in a research note on Monday, July 20th. They set an “outperform” rating for the company. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $13.33.

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.