Insider Selling: Gloo (NASDAQ:GLOO) Major Shareholder Sells $23,730.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $3.39, for a total value of $23,730.00. Following the transaction, the insider owned 4,168,000 shares of the company’s stock, valued at approximately $14,129,520. This trade represents a 0.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 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 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 transaction of $20,580.00.
• On Tuesday, August 4th, Financial For Luthera Thrivent sold 15,000 shares of Gloo stock. The stock was sold at an average price of $3.53, for a total transaction of $52,950.00.
• 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 transaction of $72,660.00.
• On Thursday, July 30th, Financial For Luthera Thrivent sold 6,600 shares of Gloo stock. The stock was sold at an average price of $3.14, for a total transaction 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 transaction of $64,600.00.
• 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 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.

Gloo Price Performance

Shares of NASDAQ GLOO traded up $0.05 during mid-day trading on Thursday, reaching $3.41. The company’s stock had a trading volume of 142,148 shares, compared to its average volume of 518,653. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.91. Gloo Holdings has a 52 week low of $2.94 and a 52 week high of $9.98. The stock has a fifty day moving average of $4.09 and a two-hundred day moving average of $5.27. The firm has a market capitalization of $280.00 million and a PE ratio of -0.60.

Gloo (NASDAQ:GLOO) last posted its quarterly earnings results on Monday, June 8th. The company reported ($0.22) 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, sell-side analysts anticipate that Gloo Holdings will post -0.28 EPS for the current fiscal year.

Analyst Ratings Changes

GLOO has been the topic of a number of research reports. Citigroup began coverage on shares of Gloo in a report on Monday, July 20th. They issued an “outperform” rating on the stock. Wall Street Zen downgraded Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Benchmark raised 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. Weiss Ratings reaffirmed a “sell (e)” rating on shares of Gloo in a report on Wednesday, July 29th. Finally, Citizens Jmp assumed coverage on shares of Gloo in a research report on Monday, July 20th. They issued an “outperform” rating and a $8.00 price target on the stock. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $13.33.

Institutional Investors Weigh In On Gloo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GLOO. Grace & Mercy Foundation Inc. purchased a new position in Gloo during the fourth quarter worth $14,225,000. 1492 Capital Management LLC bought a new stake in shares of Gloo in the 4th quarter worth about $1,627,000. Waverly Advisors LLC bought a new stake in shares of Gloo in the 1st quarter worth about $1,202,000. Annandale Capital LLC purchased a new position in shares of Gloo during the 4th quarter worth about $1,423,000. Finally, Cornerstone Management Inc. purchased a new position in shares of Gloo during the 1st quarter worth about $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.