Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 20,000 Shares of Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 20,000 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $3.23, for a total transaction of $64,600.00. Following the completion of the transaction, the insider directly owned 4,217,000 shares in the company, valued at $13,620,910. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more 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 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 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 value of $54,937.00.
• On Thursday, July 2nd, Financial For Luthera Thrivent sold 300 shares of Gloo stock. The stock was sold at an average price of $4.64, for a total value of $1,392.00.
• On Wednesday, July 1st, Financial For Luthera Thrivent sold 12,000 shares of Gloo stock. The shares were sold at an average price of $4.82, for a total value of $57,840.00.
• On Monday, June 29th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The shares were sold at an average price of $4.51, for a total value of $18,040.00.

Gloo Stock Performance

Shares of NASDAQ GLOO opened at $3.23 on Friday. 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 one year low of $2.94 and a one year high of $9.98. The stock has a market cap of $265.22 million and a price-to-earnings ratio of -0.57. The stock’s fifty day moving average is $4.25.

Gloo (NASDAQ:GLOO) last announced its quarterly earnings results on Monday, June 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The firm had revenue of $41.53 million for the quarter. On average, sell-side analysts forecast that Gloo Holdings will post -0.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gloo

A number of large investors have recently added to or reduced their stakes in GLOO. Grace & Mercy Foundation Inc. purchased a new position in Gloo during the 4th quarter valued at about $14,225,000. 1492 Capital Management LLC lifted its holdings 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 purchasing an additional 15,824 shares in the last quarter. Waverly Advisors LLC purchased a new stake in shares of Gloo in the first quarter valued at about $1,202,000. Annandale Capital LLC acquired a new stake in shares of Gloo in the fourth quarter valued at approximately $1,423,000. Finally, Cornerstone Management Inc. acquired a new stake in shares of Gloo in the first quarter valued at approximately $601,000.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (e)” rating on shares of Gloo in a report on Wednesday. Citigroup initiated coverage on Gloo in a research note on Monday, July 20th. They set an “outperform” rating on the stock. Benchmark upped their price target 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 downgraded Gloo from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Finally, Citizens Jmp assumed coverage on Gloo in a report on Monday, July 20th. They set an “outperform” rating and a $8.00 price objective for the company. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average 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.