Gloo (NASDAQ:GLOO) Major Shareholder Sells $21,120.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 6,000 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $3.52, for a total transaction of $21,120.00. Following the completion of the transaction, the insider owned 4,139,000 shares in the company, valued at $14,569,280. This represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock 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 13th, Financial For Luthera Thrivent sold 3,200 shares of Gloo stock. The stock was sold at an average price of $3.46, for a total transaction of $11,072.00.
• On Wednesday, August 12th, Financial For Luthera Thrivent sold 4,800 shares of Gloo stock. The shares were sold at an average price of $3.42, for a total transaction of $16,416.00.
• On Tuesday, August 11th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The stock was 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 stock was 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 value of $52,950.00.
• 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 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 shares were sold at an average price of $3.23, for a total value of $64,600.00.

Gloo Stock Up 0.3%

NASDAQ:GLOO traded up $0.01 during mid-day trading on Friday, reaching $3.48. The company’s stock had a trading volume of 160,667 shares, compared to its average volume of 149,685. 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 1 year low of $2.94 and a 1 year high of $9.98. The stock has a fifty day moving average of $3.86 and a 200-day moving average of $5.17.

Gloo (NASDAQ:GLOO) last posted its 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 business had revenue of $41.53 million for the quarter. Sell-side analysts predict that Gloo Holdings will post -0.28 EPS for the current year.

Institutional Investors Weigh In On Gloo

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Skylands Capital LLC acquired a new stake in Gloo in the fourth quarter valued at approximately $511,000. 1492 Capital Management LLC purchased a new stake in shares of Gloo during the 4th quarter valued at $1,627,000. Annandale Capital LLC purchased a new stake in shares of Gloo during the 4th quarter valued at $1,423,000. HRT Financial LP acquired a new stake in shares of Gloo in the 4th quarter worth $179,000. Finally, Jane Street Group LLC acquired a new stake in shares of Gloo in the 4th quarter worth $82,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GLOO shares. Benchmark boosted their price objective on shares of Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Wall Street Zen downgraded Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Citigroup started coverage on Gloo in a research report on Monday, July 20th. They issued an “outperform” rating for the company. Weiss Ratings upgraded Gloo from a “sell (e)” rating to a “sell (d-)” rating in a research note on Wednesday. Finally, Citizens Jmp started coverage on Gloo in a research report on Monday, July 20th. They set an “outperform” rating and a $8.00 price objective on the stock. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Gloo currently has a consensus rating of “Moderate Buy” and a consensus target price 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.