Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 7,000 Shares

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 7,000 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $3.39, for a total value of $23,730.00. Following the completion of the transaction, the insider directly owned 4,168,000 shares in the company, valued at $14,129,520. This trade represents a 0.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Major shareholders that own 10% or more 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 Wednesday, August 5th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The shares were 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 stock was 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 value 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 shares were 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.
• On Thursday, July 9th, Financial For Luthera Thrivent sold 125,000 shares of Gloo stock. The stock was sold at an average price of $3.08, for a total transaction of $385,000.00.
• On Wednesday, July 8th, Financial For Luthera Thrivent sold 13,000 shares of Gloo stock. The shares were sold at an average price of $3.98, for a total transaction of $51,740.00.

Gloo Stock Up 1.5%

Shares of Gloo stock opened at $3.41 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11. Gloo Holdings has a twelve month low of $2.94 and a twelve month high of $9.98. The stock has a market cap of $280.00 million and a price-to-earnings ratio of -0.60. The company has a fifty day moving average price of $4.09 and a 200 day moving average price of $5.27.

Gloo (NASDAQ:GLOO) last released its quarterly earnings results on Monday, June 8th. The company reported ($0.22) 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 research analysts forecast that Gloo Holdings will post -0.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in shares of Gloo by 263.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock valued at $27,000 after acquiring an additional 3,996 shares in the last quarter. Jane Street Group LLC bought a new stake in Gloo during the fourth quarter valued at $82,000. Beacon Pointe Advisors LLC acquired a new stake in shares of Gloo during the fourth quarter worth $142,000. Marshall Wace LLP bought a new position in shares of Gloo in the 4th quarter worth about $173,000. Finally, HRT Financial LP bought a new position in shares of Gloo in the 4th quarter worth about $179,000.

Analysts Set New Price Targets

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