Gloo (NASDAQ:GLOO) Major Shareholder Sells $56,800.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 16,000 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $3.55, for a total transaction of $56,800.00. Following the completion of the transaction, the insider owned 4,023,000 shares in the company, valued at $14,281,650. The trade was a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Tuesday, September 15th, Financial For Luthera Thrivent sold 5,000 shares of Gloo stock. The shares were sold at an average price of $3.34, for a total value of $16,700.00.
• On Friday, September 11th, Financial For Luthera Thrivent sold 36,000 shares of Gloo stock. The stock was sold at an average price of $3.23, for a total transaction of $116,280.00.
• On Thursday, September 10th, Financial For Luthera Thrivent sold 10,000 shares of Gloo stock. The stock was sold at an average price of $3.03, for a total transaction of $30,300.00.
• On Wednesday, September 9th, Financial For Luthera Thrivent sold 9,000 shares of Gloo stock. The shares were sold at an average price of $3.25, for a total transaction of $29,250.00.
• On Tuesday, September 8th, Financial For Luthera Thrivent sold 10,000 shares of Gloo stock. The stock was sold at an average price of $3.20, for a total transaction of $32,000.00.
• On Friday, September 4th, Financial For Luthera Thrivent sold 5,500 shares of Gloo stock. The stock was sold at an average price of $3.09, for a total transaction of $16,995.00.
• On Thursday, September 3rd, Financial For Luthera Thrivent sold 1,000 shares of Gloo stock. The stock was sold at an average price of $3.06, for a total transaction 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 transaction of $1,560.00.
• On Friday, August 28th, Financial For Luthera Thrivent sold 3,000 shares of Gloo stock. The shares were sold at an average price of $3.41, for a total transaction 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 transaction of $13,480.00.

Gloo Trading Up 20.6%

Shares of GLOO stock opened at $4.91 on Friday. Gloo Holdings has a 52-week low of $2.90 and a 52-week high of $9.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.21 and a current ratio of 1.23. The firm has a market capitalization of $403.16 million and a PE ratio of -0.67. The stock has a fifty day simple moving average of $3.33 and a two-hundred day simple moving average of $4.77.

Gloo (NASDAQ:GLOO) last announced its quarterly earnings data on Wednesday, September 9th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.14). The business had revenue of $46.57 million during the quarter. Gloo had a negative net margin of 81.35% and a negative return on equity of 1,637.91%. On average, analysts predict that Gloo Holdings will post -0.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GLOO has been the subject of several recent analyst reports. Wall Street Zen downgraded Gloo from a “hold” rating to a “sell” rating in a research note on Sunday, September 13th. Lake Street Capital decreased their price objective on Gloo from $12.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, September 10th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $8.00 price target on shares of Gloo in a report on Thursday, September 10th. Benchmark lifted their price objective on shares of Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Finally, Citigroup started coverage on shares of Gloo in a research note on Monday, July 20th. They issued an “outperform” rating on the stock. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.

Hedge Funds Weigh In On Gloo

A number of large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its stake in Gloo by 263.4% in the first quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock worth $27,000 after purchasing an additional 3,996 shares during the period. Waverly Advisors LLC bought a new stake in shares of Gloo during the first quarter worth $1,202,000. 1492 Capital Management LLC boosted its stake in shares of Gloo by 5.5% during the first quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock valued at $1,451,000 after purchasing an additional 15,824 shares during the period. Cornerstone Management Inc. bought a new position in shares of Gloo in the first quarter worth about $601,000. Finally, Grace & Mercy Foundation Inc. bought a new position in shares of Gloo in the fourth quarter worth about $14,225,000.

About Gloo

Gloo is a technology company that provides digital tools and services for faith-based organizations, including churches, ministries and other community-focused groups. Its platform is designed to help organizations build relationships, communicate with members and supporters, and manage engagement through digital channels.

The company’s offerings include customer relationship management capabilities, digital marketing and communications tools, data and analytics services, and technology intended to support ministry operations.