Gloo (NASDAQ:GLOO) Major Shareholder Sells $72,660.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 21,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $3.46, for a total transaction of $72,660.00. Following the completion of the transaction, the insider owned 4,196,000 shares in the company, valued at $14,518,160. The trade was a 0.50% 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 Thursday, July 30th, Financial For Luthera Thrivent sold 6,600 shares of Gloo stock. The shares were 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 value of $64,600.00.
• On Wednesday, July 29th, Financial For Luthera Thrivent sold 1,000 shares of Gloo stock. The stock was sold at an average price of $3.14, for a total value of $3,140.00.
• On Wednesday, July 22nd, Financial For Luthera Thrivent sold 100 shares of Gloo stock. The shares were sold at an average price of $3.37, for a total value of $337.00.
• On Friday, July 10th, Financial For Luthera Thrivent sold 20,000 shares of Gloo stock. The shares were sold at an average price of $2.98, for a total value of $59,600.00.
• On Thursday, July 9th, Financial For Luthera Thrivent sold 125,000 shares of Gloo stock. The shares were sold at an average price of $3.08, for a total value of $385,000.00.
• On Wednesday, July 8th, Financial For Luthera Thrivent sold 13,000 shares of Gloo stock. The stock was sold at an average price of $3.98, for a total value of $51,740.00.
• On Tuesday, July 7th, Financial For Luthera Thrivent sold 11,000 shares of Gloo stock. The stock was sold at an average price of $3.76, for a total value of $41,360.00.
• On Monday, July 6th, Financial For Luthera Thrivent sold 13,700 shares of Gloo stock. The shares were sold at an average price of $4.01, for a total value of $54,937.00.
• On Thursday, July 2nd, Financial For Luthera Thrivent sold 300 shares of Gloo stock. The shares were sold at an average price of $4.64, for a total value of $1,392.00.

Gloo Price Performance

GLOO opened at $3.36 on Thursday. The stock has a 50 day moving average price of $4.13. The company has a current ratio of 0.94, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $275.89 million and a price-to-earnings ratio of -0.59. Gloo Holdings has a 1-year low of $2.94 and a 1-year high of $9.98.

Gloo (NASDAQ:GLOO) last issued its 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 company had revenue of $41.53 million during the quarter. Equities analysts anticipate that Gloo Holdings will post -0.28 earnings per share for the current year.

Institutional Investors Weigh In On Gloo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Grace & Mercy Foundation Inc. purchased a new position in shares of Gloo during the 4th quarter worth $14,225,000. 1492 Capital Management LLC raised its holdings in Gloo by 5.5% in the 1st quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock valued at $1,451,000 after buying an additional 15,824 shares during the period. Waverly Advisors LLC acquired a new position in Gloo in the first quarter valued at about $1,202,000. Annandale Capital LLC acquired a new position in Gloo in the fourth quarter valued at about $1,423,000. Finally, Cornerstone Management Inc. purchased a new position in Gloo during the first quarter worth about $601,000.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GLOO. Citigroup began coverage on shares of Gloo in a research note on Monday, July 20th. They issued an “outperform” rating on the stock. Citizens Jmp started coverage on Gloo in a research report on Monday, July 20th. They set an “outperform” rating and a $8.00 price objective on the stock. Wall Street Zen lowered shares of Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Benchmark upped their price objective on shares of Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Finally, Weiss Ratings restated a “sell (e)” rating on shares of Gloo in a research note on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Gloo currently has a consensus rating of “Moderate Buy” and an average target price 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.