Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 4,800 Shares

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 4,800 shares of Gloo stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $3.42, for a total value of $16,416.00. Following the sale, the insider directly owned 4,148,200 shares of the company’s stock, valued at approximately $14,186,844. The trade was a 0.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares 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 shares were sold at an average price of $3.52, for a total value of $21,120.00.
• 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 value of $11,072.00.
• 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 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 shares were 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.

Gloo Stock Up 0.3%

Gloo stock opened at $3.48 on Friday. The company has a market capitalization of $285.74 million and a P/E ratio of -0.61. The firm’s fifty day simple moving average is $3.86 and its 200-day simple moving average is $5.17. The company has a current ratio of 0.94, a quick ratio of 0.91 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.

Gloo (NASDAQ:GLOO) last issued its quarterly earnings data 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 company had revenue of $41.53 million for the quarter. Sell-side analysts forecast that Gloo Holdings will post -0.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gloo

Institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its position in shares of 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 purchasing an additional 3,996 shares during the last quarter. Jane Street Group LLC bought a new position in Gloo in the 4th quarter worth approximately $82,000. Beacon Pointe Advisors LLC acquired a new position in shares of Gloo during the fourth quarter worth approximately $142,000. Marshall Wace LLP acquired a new position in shares of Gloo during the fourth quarter worth approximately $173,000. Finally, HRT Financial LP bought a new stake in shares of Gloo in the fourth quarter valued at approximately $179,000.

Analyst Ratings Changes

A number of research analysts have recently commented on GLOO shares. Citigroup started coverage on Gloo in a report on Monday, July 20th. They set 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. Weiss Ratings raised Gloo from a “sell (e)” rating to a “sell (d-)” rating in a research report on Wednesday. Wall Street Zen downgraded Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Finally, Citizens Jmp initiated 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 analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.33.

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.