Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 15,000 Shares

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 15,000 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $3.53, for a total transaction of $52,950.00. Following the completion of the sale, the insider owned 4,181,000 shares of the company’s stock, valued at approximately $14,758,930. The trade was a 0.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more 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 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 stock was sold at an average price of $3.43, for a total value of $20,580.00.
• 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 value 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 value 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 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 shares were 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.

Gloo Stock Performance

Shares of GLOO opened at $3.41 on Friday. The firm has a market cap of $280.00 million and a price-to-earnings ratio of -0.60. The company’s fifty day moving average is $4.09 and its 200-day moving average is $5.27. 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 Holdings has a 12 month low of $2.94 and a 12 month high of $9.98.

Gloo (NASDAQ:GLOO) last released 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 company had revenue of $41.53 million for the quarter. Equities analysts expect that Gloo Holdings will post -0.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its position 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 acquiring an additional 3,996 shares during the period. Jane Street Group LLC bought a new position in Gloo during the fourth quarter worth $82,000. Beacon Pointe Advisors LLC acquired a new position in Gloo during the 4th quarter valued at $142,000. Marshall Wace LLP acquired a new position in Gloo during the 4th quarter valued at $173,000. Finally, HRT Financial LP bought a new stake in Gloo in the 4th quarter valued at $179,000.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Citizens Jmp began coverage on Gloo in a research note on Monday, July 20th. They set an “outperform” rating and a $8.00 price target for the company. Citigroup assumed coverage on Gloo in a research note on Monday, July 20th. They issued an “outperform” rating on the stock. Benchmark boosted their target price on Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Wall Street Zen cut Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Weiss Ratings reissued a “sell (e)” rating on shares of Gloo in a research report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus 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.