Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 11,000 Shares

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 11,000 shares of Gloo stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $3.55, for a total value of $39,050.00. Following the completion of the transaction, the insider directly owned 4,157,000 shares of the company’s stock, valued at approximately $14,757,350. This represents a 0.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 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, 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 transaction of $14,080.00.
• 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 transaction of $23,730.00.
• 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 transaction 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 stock was 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 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 transaction 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.

Gloo Trading Down 0.6%

GLOO opened at $3.46 on Wednesday. The business has a fifty day moving average price of $3.97 and a 200 day moving average price of $5.22. 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 12 month low of $2.94 and a 12 month high of $9.98. The stock has a market capitalization of $284.10 million and a price-to-earnings ratio of -0.61.

Gloo (NASDAQ:GLOO) last posted its quarterly earnings results on Monday, June 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The business had revenue of $41.53 million during the quarter. Sell-side analysts expect that Gloo Holdings will post -0.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gloo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GLOO. 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 valued at $27,000 after purchasing an additional 3,996 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Gloo during the 4th quarter worth approximately $82,000. Beacon Pointe Advisors LLC acquired a new position in shares of Gloo in the 4th quarter valued at $142,000. Marshall Wace LLP purchased a new position in shares of Gloo in the 4th quarter valued at $173,000. Finally, HRT Financial LP acquired a new stake in Gloo during the 4th quarter worth $179,000.

Analyst Upgrades and Downgrades

GLOO has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Gloo from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Benchmark raised 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. Weiss Ratings reaffirmed a “sell (e)” rating on shares of Gloo in a research report on Wednesday, July 29th. Citigroup started coverage on shares of Gloo in a research note on Monday, July 20th. They set an “outperform” rating for the company. Finally, 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. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently 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.