Gloo (NASDAQ:GLOO) Major Shareholder Sells $21,120.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 6,000 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $3.52, for a total value of $21,120.00. Following the sale, the insider owned 4,139,000 shares of the company’s stock, valued at $14,569,280. The trade was a 0.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Major 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 Thursday, August 13th, Financial For Luthera Thrivent sold 3,200 shares of Gloo stock. The shares were sold at an average price of $3.46, for a total transaction of $11,072.00.
• On Wednesday, August 12th, Financial For Luthera Thrivent sold 4,800 shares of Gloo stock. The shares were sold at an average price of $3.42, for a total transaction of $16,416.00.
• 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 Friday, August 7th, Financial For Luthera Thrivent sold 11,000 shares of Gloo stock. The shares were sold at an average price of $3.55, for a total transaction of $39,050.00.
• On Thursday, August 6th, Financial For Luthera Thrivent sold 7,000 shares of Gloo stock. The stock was 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 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 shares were 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 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.

Gloo Stock Performance

NASDAQ:GLOO opened at $3.48 on Monday. Gloo Holdings has a 1-year low of $2.94 and a 1-year high of $9.98. The stock has a market cap of $285.74 million and a P/E ratio of -0.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.91. The firm has a 50-day moving average of $3.86 and a two-hundred day moving average of $5.16.

Gloo (NASDAQ:GLOO) last posted its quarterly earnings data 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 business had revenue of $41.53 million during the quarter. On average, research analysts expect that Gloo Holdings will post -0.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gloo

Institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its position in Gloo by 263.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock worth $27,000 after acquiring an additional 3,996 shares during the period. Waverly Advisors LLC bought a new stake in shares of Gloo in the 1st quarter worth $1,202,000. 1492 Capital Management LLC lifted its holdings in shares of Gloo by 5.5% in the first 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. Cornerstone Management Inc. bought a new position in Gloo during the first quarter valued at about $601,000. Finally, Beacon Pointe Advisors LLC acquired a new position in Gloo during the fourth quarter worth about $142,000.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Citigroup began coverage on Gloo in a research note on Monday, July 20th. They set an “outperform” rating on the stock. Wall Street Zen lowered Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Citizens Jmp initiated coverage on shares of Gloo in a report on Monday, July 20th. They issued an “outperform” rating and a $8.00 price objective for the company. Benchmark boosted their target price on shares of Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Finally, Weiss Ratings upgraded shares of Gloo from a “sell (e)” rating to a “sell (d-)” rating in a research report on Wednesday. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently 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.