Financial For Luthera Thrivent Sells 5,500 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 5,500 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $3.09, for a total value of $16,995.00. Following the transaction, the insider directly owned 4,104,000 shares of the company’s stock, valued at $12,681,360. The trade was a 0.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more 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 Thursday, September 3rd, Financial For Luthera Thrivent sold 1,000 shares of Gloo stock. The shares were sold at an average price of $3.06, for a total value of $3,060.00.
• On Wednesday, September 2nd, Financial For Luthera Thrivent sold 500 shares of Gloo stock. The stock was sold at an average price of $3.12, for a total transaction of $1,560.00.
• On Friday, August 28th, Financial For Luthera Thrivent sold 3,000 shares of Gloo stock. The stock was sold at an average price of $3.41, for a total transaction of $10,230.00.
• On Thursday, August 27th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The shares were sold at an average price of $3.37, for a total transaction of $13,480.00.
• On Wednesday, August 26th, Financial For Luthera Thrivent sold 2,800 shares of Gloo stock. The stock was sold at an average price of $3.25, for a total transaction of $9,100.00.
• On Tuesday, August 25th, Financial For Luthera Thrivent sold 1,721 shares of Gloo stock. The stock was sold at an average price of $3.35, for a total transaction of $5,765.35.
• On Monday, August 24th, Financial For Luthera Thrivent sold 479 shares of Gloo stock. The shares were sold at an average price of $3.44, for a total transaction of $1,647.76.
• On Friday, August 21st, Financial For Luthera Thrivent sold 2,000 shares of Gloo stock. The shares were sold at an average price of $3.44, for a total transaction of $6,880.00.
• On Thursday, August 20th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The shares were sold at an average price of $3.44, for a total transaction of $20,640.00.
• On Wednesday, August 19th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The stock was sold at an average price of $3.34, for a total transaction of $13,360.00.

Gloo Trading Up 1.3%

Shares of Gloo stock opened at $3.10 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.91. The stock’s 50 day simple moving average is $3.45 and its 200-day simple moving average is $4.92. The stock has a market cap of $254.54 million and a P/E ratio of -0.54. Gloo Holdings has a 1-year low of $2.94 and a 1-year high of $9.98.

Gloo (NASDAQ:GLOO) last posted its quarterly earnings results on Monday, June 8th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The company had revenue of $41.53 million during the quarter. Analysts predict that Gloo Holdings will post -0.28 EPS for the current fiscal year.

Institutional Trading of Gloo

Several hedge funds have recently made changes to their positions in GLOO. Grace & Mercy Foundation Inc. purchased a new stake in Gloo during the 4th quarter worth about $14,225,000. 1492 Capital Management LLC raised its holdings in 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. Waverly Advisors LLC purchased a new position in Gloo in the first quarter worth approximately $1,202,000. Annandale Capital LLC purchased a new position in Gloo in the fourth quarter worth approximately $1,423,000. Finally, Cornerstone Management Inc. acquired a new position in Gloo during the 1st quarter worth approximately $601,000.

Wall Street Analyst Weigh In

GLOO has been the topic of a number of recent analyst reports. Citigroup assumed coverage on Gloo in a report on Monday, July 20th. They issued an “outperform” rating on the stock. Benchmark lifted their target price on Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Weiss Ratings raised Gloo from a “sell (e)” rating to a “sell (d-)” rating in a research note on Wednesday, August 12th. Wall Street Zen upgraded Gloo from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Citizens Jmp began coverage on shares of Gloo in a report on Monday, July 20th. They issued an “outperform” rating and a $8.00 price objective on the stock. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.