Financial For Luthera Thrivent Sells 20,000 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 20,000 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $3.23, for a total value of $64,600.00. Following the completion of the sale, the insider directly owned 4,217,000 shares of the company’s stock, valued at approximately $13,620,910. This represents a 0.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• 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 shares were 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 stock was sold at an average price of $3.98, for a total transaction of $51,740.00.
• On Tuesday, July 7th, Financial For Luthera Thrivent sold 11,000 shares of Gloo stock. The shares were sold at an average price of $3.76, for a total transaction 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 stock was 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 shares were sold at an average price of $4.51, for a total transaction of $18,040.00.

Gloo Stock Up 2.5%

Shares of GLOO traded up $0.08 during trading hours on Friday, reaching $3.23. 131,593 shares of the company traded hands, compared to its average volume of 534,892. The company has a quick ratio of 0.91, a current ratio of 0.94 and a debt-to-equity ratio of 0.11. The stock has a fifty day simple moving average of $4.25. Gloo Holdings has a 12-month low of $2.94 and a 12-month high of $9.98. The company has a market capitalization of $265.22 million and a PE ratio of -0.57.

Gloo (NASDAQ:GLOO) last issued its 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 company had revenue of $41.53 million during the quarter. As a group, research analysts predict that Gloo Holdings will post -0.28 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on GLOO shares. Weiss Ratings restated a “sell (e)” rating on shares of Gloo in a research note on Wednesday. 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 target on the stock. Citigroup began coverage on shares of Gloo in a research report on Monday, July 20th. They set an “outperform” rating for the company. Finally, Benchmark lifted their price objective 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. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.33.

Institutional Investors Weigh In On Gloo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised its stake 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 buying an additional 3,996 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Gloo in the 4th quarter valued at about $82,000. Beacon Pointe Advisors LLC purchased a new stake in shares of Gloo in the fourth quarter worth about $142,000. Marshall Wace LLP purchased a new stake in shares of Gloo in the fourth quarter worth about $173,000. Finally, HRT Financial LP acquired a new stake in Gloo during the fourth quarter worth about $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.