Financial For Luthera Thrivent Sells 36,000 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 36,000 shares of Gloo stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $3.23, for a total transaction of $116,280.00. Following the transaction, the insider directly owned 4,039,000 shares of the company’s stock, valued at approximately $13,045,970. This trade represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major 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 Tuesday, September 15th, Financial For Luthera Thrivent sold 5,000 shares of Gloo stock. The shares were sold at an average price of $3.34, for a total transaction of $16,700.00.
• On Monday, September 14th, Financial For Luthera Thrivent sold 16,000 shares of Gloo stock. The stock was sold at an average price of $3.55, for a total value of $56,800.00.
• On Thursday, September 10th, Financial For Luthera Thrivent sold 10,000 shares of Gloo stock. The shares were sold at an average price of $3.03, for a total value of $30,300.00.
• On Wednesday, September 9th, Financial For Luthera Thrivent sold 9,000 shares of Gloo stock. The stock was sold at an average price of $3.25, for a total transaction of $29,250.00.
• On Tuesday, September 8th, Financial For Luthera Thrivent sold 10,000 shares of Gloo stock. The shares were sold at an average price of $3.20, for a total value of $32,000.00.
• On Friday, September 4th, Financial For Luthera Thrivent sold 5,500 shares of Gloo stock. The shares were sold at an average price of $3.09, for a total value of $16,995.00.
• On Thursday, September 3rd, Financial For Luthera Thrivent sold 1,000 shares of Gloo stock. The stock was 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 stock was sold at an average price of $3.37, for a total value of $13,480.00.

Gloo Stock Down 4.1%

Gloo stock traded down $0.14 during midday trading on Tuesday, hitting $3.28. The stock had a trading volume of 193,499 shares, compared to its average volume of 157,325. Gloo Holdings has a 52-week low of $2.90 and a 52-week high of $9.98. The firm’s fifty day moving average is $3.29 and its two-hundred day moving average is $4.80. The company has a current ratio of 1.23, a quick ratio of 1.21 and a debt-to-equity ratio of 0.21.

Gloo (NASDAQ:GLOO) last issued its quarterly earnings results on Wednesday, September 9th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.14). The firm had revenue of $46.57 million for the quarter. Gloo had a negative net margin of 81.35% and a negative return on equity of 1,637.91%. On average, equities analysts expect that Gloo Holdings will post -0.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GLOO. Weiss Ratings cut Gloo from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. Citigroup began coverage on shares of Gloo in a research report on Monday, July 20th. They set an “outperform” rating on the stock. Wall Street Zen downgraded shares of Gloo from a “hold” rating to a “sell” rating in a report on Sunday. Lake Street Capital cut their price objective on Gloo from $12.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, September 10th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $8.00 price objective on shares of Gloo in a report on Thursday, September 10th. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Gloo currently has an average rating of “Moderate Buy” and an average price target of $12.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GLOO. EverSource Wealth Advisors LLC lifted its position in Gloo by 263.4% during the first quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock valued at $27,000 after purchasing an additional 3,996 shares during the period. Waverly Advisors LLC acquired a new position in shares of Gloo in the 1st quarter valued at about $1,202,000. 1492 Capital Management LLC boosted its stake 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 worth $1,451,000 after buying an additional 15,824 shares during the last quarter. Cornerstone Management Inc. purchased a new position in Gloo during the first quarter valued at approximately $601,000. Finally, Grace & Mercy Foundation Inc. purchased a new position in shares of Gloo during the 4th quarter valued at approximately $14,225,000.

Gloo Company Profile

Gloo is a technology company that provides digital tools and services for faith-based organizations, including churches, ministries and other community-focused groups. Its platform is designed to help organizations build relationships, communicate with members and supporters, and manage engagement through digital channels.

The company’s offerings include customer relationship management capabilities, digital marketing and communications tools, data and analytics services, and technology intended to support ministry operations.