Gloo (NASDAQ:GLOO) Major Shareholder Sells 125,000 Shares of Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 125,000 shares of Gloo stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $3.08, for a total value of $385,000.00. Following the completion of the sale, the insider owned 4,480,000 shares in the company, valued at approximately $13,798,400. This represents a 2.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Large 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 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 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 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 transaction 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 transaction of $1,392.00.
• On Wednesday, July 1st, Financial For Luthera Thrivent sold 12,000 shares of Gloo stock. The stock was sold at an average price of $4.82, for a total transaction of $57,840.00.
• On Monday, June 29th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The stock was sold at an average price of $4.51, for a total transaction of $18,040.00.
• On Friday, June 26th, Financial For Luthera Thrivent sold 15,600 shares of Gloo stock. The shares were sold at an average price of $4.33, for a total transaction of $67,548.00.
• On Thursday, June 25th, Financial For Luthera Thrivent sold 1,600 shares of Gloo stock. The stock was sold at an average price of $4.21, for a total value of $6,736.00.
• On Wednesday, June 24th, Financial For Luthera Thrivent sold 3,800 shares of Gloo stock. The shares were sold at an average price of $4.54, for a total value of $17,252.00.

Gloo Price Performance

GLOO stock traded down $0.09 during midday trading on Friday, hitting $2.95. The stock had a trading volume of 927,805 shares, compared to its average volume of 130,335. The stock’s 50-day moving average price is $5.18. 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 stock has a market cap of $242.23 million and a price-to-earnings ratio of -0.52. Gloo Holdings has a 52-week low of $2.94 and a 52-week high of $9.98.

Gloo (NASDAQ:GLOO) last announced its quarterly earnings data on Monday, June 8th. The company reported ($0.22) 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. Research analysts predict that Gloo Holdings will post -0.31 earnings per share for the current year.

Institutional Investors Weigh In On Gloo

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in Gloo by 263.4% during 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 in the last quarter. Jane Street Group LLC bought a new position in shares of Gloo in the fourth quarter worth approximately $82,000. Beacon Pointe Advisors LLC purchased a new stake in shares of Gloo in the fourth quarter worth $142,000. Marshall Wace LLP bought a new stake in shares of Gloo during 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.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wall Street Zen cut shares of Gloo from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings upgraded Gloo from a “sell (e-)” rating to a “sell (e)” rating in a research report on Friday, May 1st. Finally, Benchmark boosted their price target on Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.00.

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.