Insider Selling: Gloo (NASDAQ:GLOO) Major Shareholder Sells 3,200 Shares of Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 3,200 shares of Gloo stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $3.46, for a total value of $11,072.00. Following the transaction, the insider owned 4,145,000 shares of the company’s stock, valued at $14,341,700. The trade was a 0.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more 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, August 14th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The stock was sold at an average price of $3.52, for a total value of $21,120.00.
• On Wednesday, August 12th, Financial For Luthera Thrivent sold 4,800 shares of Gloo stock. The stock was sold at an average price of $3.42, for a total value of $16,416.00.
• On Tuesday, August 11th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The shares were sold at an average price of $3.52, for a total value of $14,080.00.
• On Friday, August 7th, Financial For Luthera Thrivent sold 11,000 shares of Gloo stock. The shares were sold at an average price of $3.55, for a total value of $39,050.00.
• On Thursday, August 6th, Financial For Luthera Thrivent sold 7,000 shares of Gloo stock. The shares were sold at an average price of $3.39, for a total value 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 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 shares were 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.

Gloo Stock Up 0.3%

NASDAQ GLOO traded up $0.01 during mid-day trading on Friday, reaching $3.48. 160,667 shares of the stock were exchanged, compared to its average volume of 149,685. 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’s 50 day moving average is $3.86 and its 200-day moving average is $5.17. Gloo Holdings has a 1 year low of $2.94 and a 1 year 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 for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The business had revenue of $41.53 million for the quarter. On average, equities analysts forecast that Gloo Holdings will post -0.28 earnings per share for the current year.

Institutional Investors Weigh In On Gloo

Several institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in Gloo by 263.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock worth $27,000 after buying an additional 3,996 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Gloo in the fourth quarter valued at approximately $82,000. 1492 Capital Management LLC lifted its position in shares of Gloo by 5.5% in the first quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock valued at $1,451,000 after acquiring an additional 15,824 shares in the last quarter. Beacon Pointe Advisors LLC acquired a new stake in shares of Gloo in the fourth quarter worth approximately $142,000. Finally, Marshall Wace LLP acquired a new stake in shares of Gloo in the fourth quarter worth approximately $173,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on GLOO shares. Weiss Ratings upgraded Gloo from a “sell (e)” rating to a “sell (d-)” rating in a research report on Wednesday. Wall Street Zen cut Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Citizens Jmp assumed coverage on Gloo in a research note on Monday, July 20th. They set an “outperform” rating and a $8.00 target price for the company. Citigroup assumed coverage on Gloo in a research report on Monday, July 20th. They set an “outperform” rating on the stock. Finally, Benchmark lifted their price target 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 analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Gloo 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.