Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 6,600 Shares

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 6,600 shares of the business’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $3.14, for a total value of $20,724.00. Following the completion of the sale, the insider directly owned 4,237,000 shares in the company, valued at approximately $13,304,180. This represents a 0.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more 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 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 value of $72,660.00.
• On Friday, July 31st, Financial For Luthera Thrivent sold 20,000 shares of Gloo stock. The shares were 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 stock was sold at an average price of $2.98, for a total value 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 value of $385,000.00.
• 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 shares were 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 stock was 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.

Gloo Trading Up 9.3%

Shares of NASDAQ GLOO opened at $3.53 on Tuesday. Gloo Holdings has a 1-year low of $2.94 and a 1-year high of $9.98. The company has a market capitalization of $289.85 million and a P/E ratio of -0.62. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.94. The business has a 50-day moving average of $4.21.

Gloo (NASDAQ:GLOO) last released its quarterly 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 for the quarter. As a group, equities research analysts forecast that Gloo Holdings will post -0.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GLOO has been the topic of a number of recent research reports. Wall Street Zen lowered Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Citigroup began coverage on Gloo in a report on Monday, July 20th. They issued an “outperform” rating on the stock. Benchmark lifted their price objective on Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Weiss Ratings reissued a “sell (e)” rating on shares of Gloo in a report on Wednesday, July 29th. Finally, Citizens Jmp started coverage on shares of Gloo in a research report on Monday, July 20th. They set an “outperform” rating and a $8.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.33.

Institutional Trading of Gloo

Several institutional investors and hedge funds have recently made changes to their positions in the business. Grace & Mercy Foundation Inc. bought a new position in shares of Gloo in the 4th quarter worth $14,225,000. 1492 Capital Management LLC acquired a new position in Gloo in the fourth quarter valued at about $1,627,000. Waverly Advisors LLC bought a new position in Gloo during the first quarter worth about $1,202,000. Annandale Capital LLC bought a new stake in shares of Gloo in the 4th quarter valued at about $1,423,000. Finally, Cornerstone Management Inc. acquired a new stake in shares of Gloo in the 1st quarter valued at approximately $601,000.

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.