Insider Selling: Gloo (NASDAQ:GLOO) Major Shareholder Sells $16,995.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 5,500 shares of the company’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $3.09, for a total transaction of $16,995.00. Following the transaction, the insider owned 4,104,000 shares of the company’s stock, valued at $12,681,360. This trade represents a 0.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Thursday, September 3rd, Financial For Luthera Thrivent sold 1,000 shares of Gloo stock. The shares were sold at an average price of $3.06, for a total value of $3,060.00.
• On Wednesday, September 2nd, Financial For Luthera Thrivent sold 500 shares of Gloo stock. The shares were sold at an average price of $3.12, for a total value of $1,560.00.
• On Friday, August 28th, Financial For Luthera Thrivent sold 3,000 shares of Gloo stock. The stock was sold at an average price of $3.41, for a total value of $10,230.00.
• On Thursday, August 27th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The stock was sold at an average price of $3.37, for a total value of $13,480.00.
• On Wednesday, August 26th, Financial For Luthera Thrivent sold 2,800 shares of Gloo stock. The shares were sold at an average price of $3.25, for a total value of $9,100.00.
• On Tuesday, August 25th, Financial For Luthera Thrivent sold 1,721 shares of Gloo stock. The shares were sold at an average price of $3.35, for a total value of $5,765.35.
• On Monday, August 24th, Financial For Luthera Thrivent sold 479 shares of Gloo stock. The stock was sold at an average price of $3.44, for a total value of $1,647.76.
• On Friday, August 21st, Financial For Luthera Thrivent sold 2,000 shares of Gloo stock. The shares were sold at an average price of $3.44, for a total value of $6,880.00.
• On Thursday, August 20th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The shares were sold at an average price of $3.44, for a total transaction of $20,640.00.
• On Wednesday, August 19th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The stock was sold at an average price of $3.34, for a total transaction of $13,360.00.

Gloo Stock Performance

GLOO opened at $3.10 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.91. Gloo Holdings has a fifty-two week low of $2.94 and a fifty-two week high of $9.98. The company’s 50 day moving average price is $3.45 and its two-hundred day moving average price is $4.92. The firm has a market capitalization of $254.54 million and a price-to-earnings ratio of -0.54.

Gloo (NASDAQ:GLOO) last released 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. As a group, research analysts predict that Gloo Holdings will post -0.28 earnings per share for the current year.

Institutional Trading of Gloo

Institutional investors have recently bought and sold shares of the company. Grace & Mercy Foundation Inc. acquired a new stake in Gloo during the 4th quarter worth about $14,225,000. 1492 Capital Management LLC bought a new position in shares of Gloo in the 4th quarter worth about $1,627,000. Waverly Advisors LLC acquired a new position in shares of Gloo in the 1st quarter valued at about $1,202,000. Annandale Capital LLC acquired a new position in shares of Gloo in the 4th quarter valued at about $1,423,000. Finally, Cornerstone Management Inc. bought a new stake in shares of Gloo during the 1st quarter valued at about $601,000.

Analyst Ratings Changes

Several brokerages recently issued reports on GLOO. Citizens Jmp started coverage on Gloo in a research report on Monday, July 20th. They set an “outperform” rating and a $8.00 target price for the company. Citigroup began coverage on Gloo in a research report on Monday, July 20th. They issued an “outperform” rating on the stock. Weiss Ratings upgraded Gloo from a “sell (e)” rating to a “sell (d-)” rating in a research report on Wednesday, August 12th. Benchmark lifted their price objective on Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Finally, Wall Street Zen upgraded Gloo from a “sell” rating to a “hold” rating in a report on Saturday. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Gloo has an average rating of “Moderate Buy” and an average price target of $13.33.

About Gloo

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.