Insider Selling: Gloo (NASDAQ:GLOO) Major Shareholder Sells $13,480.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 4,000 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $3.37, for a total transaction of $13,480.00. Following the completion of the transaction, the insider directly owned 4,114,000 shares of the company’s stock, valued at $13,864,180. This represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, August 26th, Financial For Luthera Thrivent sold 2,800 shares of Gloo stock. The stock was sold at an average price of $3.25, for a total transaction of $9,100.00.
• On Tuesday, August 25th, Financial For Luthera Thrivent sold 1,721 shares of Gloo stock. The stock was sold at an average price of $3.35, for a total transaction of $5,765.35.
• On Monday, August 24th, Financial For Luthera Thrivent sold 479 shares of Gloo stock. The shares were sold at an average price of $3.44, for a total transaction of $1,647.76.
• On Friday, August 21st, Financial For Luthera Thrivent sold 2,000 shares of Gloo stock. The shares were sold at an average price of $3.44, for a total transaction of $6,880.00.
• On Thursday, August 20th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The stock was sold at an average price of $3.44, for a total transaction of $20,640.00.
• On Wednesday, August 19th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The shares were sold at an average price of $3.34, for a total transaction of $13,360.00.
• On Monday, August 17th, Financial For Luthera Thrivent sold 2,000 shares of Gloo stock. The shares were sold at an average price of $3.30, for a total transaction of $6,600.00.
• On Friday, August 14th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The shares were sold at an average price of $3.52, for a total transaction of $21,120.00.
• On Thursday, August 13th, Financial For Luthera Thrivent sold 3,200 shares of Gloo stock. The stock was sold at an average price of $3.46, for a total value of $11,072.00.
• On Wednesday, August 12th, Financial For Luthera Thrivent sold 4,800 shares of Gloo stock. The stock was sold at an average price of $3.42, for a total value of $16,416.00.

Gloo Price Performance

NASDAQ:GLOO opened at $3.41 on Friday. Gloo Holdings has a 12-month low of $2.94 and a 12-month high of $9.98. The firm has a market capitalization of $280.00 million and a price-to-earnings ratio of -0.60. The stock’s 50 day moving average price is $3.59 and its two-hundred day moving average price is $5.01. The company has a quick ratio of 0.91, a current ratio of 0.94 and a debt-to-equity ratio of 0.11.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. 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 report on Tuesday, June 9th. Citigroup assumed coverage on shares of Gloo in a research report on Monday, July 20th. They issued an “outperform” rating on the stock. Citizens Jmp started coverage on shares of Gloo in a research note on Monday, July 20th. They set an “outperform” rating and a $8.00 target price for the company. Wall Street Zen downgraded shares of Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Finally, Weiss Ratings upgraded shares of Gloo from a “sell (e)” rating to a “sell (d-)” rating in a research note on Wednesday, August 12th. Four investment 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 an average rating of “Moderate Buy” and a consensus target price of $13.33.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its stake in shares of 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 buying an additional 3,996 shares during the period. Jane Street Group LLC bought a new position in Gloo during the 4th quarter worth $82,000. Beacon Pointe Advisors LLC acquired a new position in Gloo in the 4th quarter valued at $142,000. Marshall Wace LLP acquired a new position in Gloo in the 4th quarter valued at $173,000. Finally, HRT Financial LP bought a new stake in shares of Gloo during the 4th quarter valued at $179,000.

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.