Gloo (NASDAQ:GLOO) Major Shareholder Sells $16,416.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 4,800 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $3.42, for a total value of $16,416.00. Following the completion of the transaction, the insider owned 4,148,200 shares in the company, valued at $14,186,844. The trade was a 0.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% 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 14th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The shares were sold at an average price of $3.52, for a total value of $21,120.00.
• On Thursday, August 13th, Financial For Luthera Thrivent sold 3,200 shares of Gloo stock. The stock was sold at an average price of $3.46, for a total value of $11,072.00.
• On Tuesday, August 11th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The stock was sold at an average price of $3.52, for a total value of $14,080.00.
• 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 transaction 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 transaction 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.

Gloo Trading Up 0.3%

GLOO traded up $0.01 during midday trading on Friday, reaching $3.48. The company had a trading volume of 160,667 shares, compared to its average volume of 149,685. The company has a quick ratio of 0.91, a current ratio of 0.94 and a debt-to-equity ratio of 0.11. Gloo Holdings has a 12-month low of $2.94 and a 12-month high of $9.98. The business has a 50-day moving average price of $3.86 and a two-hundred day moving average price of $5.17.

Gloo (NASDAQ:GLOO) last issued its quarterly earnings results on Monday, June 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The firm had revenue of $41.53 million for the quarter. On average, sell-side analysts forecast that Gloo Holdings will post -0.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GLOO. Skylands Capital LLC purchased a new position in Gloo during the 4th quarter valued at about $511,000. 1492 Capital Management LLC purchased a new stake in shares of Gloo in the fourth quarter worth about $1,627,000. Annandale Capital LLC purchased a new stake in shares of Gloo in the fourth quarter worth about $1,423,000. HRT Financial LP bought a new position in shares of Gloo in the fourth quarter valued at approximately $179,000. Finally, Jane Street Group LLC purchased a new position in Gloo during the fourth quarter valued at approximately $82,000.

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.