Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 5,000 Shares of Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 5,000 shares of Gloo stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $3.34, for a total value of $16,700.00. Following the completion of the transaction, the insider owned 4,018,000 shares in the company, valued at $13,420,120. The trade was a 0.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Financial For Luthera Thrivent also recently made the following trade(s):

• 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 transaction of $56,800.00.
• On Friday, September 11th, Financial For Luthera Thrivent sold 36,000 shares of Gloo stock. The stock was sold at an average price of $3.23, for a total value of $116,280.00.
• 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 transaction 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 stock was 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 stock was sold at an average price of $3.09, for a total transaction 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 transaction of $3,060.00.
• On Wednesday, September 2nd, Financial For Luthera Thrivent sold 500 shares of Gloo stock. The shares were 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 transaction of $13,480.00.

Gloo Stock Down 4.1%

Shares of NASDAQ:GLOO traded down $0.14 during midday trading on Tuesday, hitting $3.28. The company’s stock had a trading volume of 193,499 shares, compared to its average volume of 157,325. The company has a current ratio of 1.23, a quick ratio of 1.21 and a debt-to-equity ratio of 0.21. The stock’s 50 day simple moving average is $3.29 and its 200 day simple moving average is $4.80. Gloo Holdings has a fifty-two week low of $2.90 and a fifty-two week high of $9.98.

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

Analysts Set New Price Targets

GLOO has been the topic of several research reports. Wall Street Zen lowered Gloo from a “hold” rating to a “sell” rating in a research note on Sunday. Benchmark increased their price objective on shares of Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Citigroup assumed coverage on shares of Gloo in a research note on Monday, July 20th. They issued an “outperform” rating on the stock. Lake Street Capital cut their price target on shares of Gloo from $12.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, September 10th. Finally, Weiss Ratings downgraded Gloo from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Gloo has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Hedge Funds Weigh In On Gloo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in shares of Gloo by 263.4% during the first quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock worth $27,000 after buying an additional 3,996 shares in the last quarter. Waverly Advisors LLC acquired a new stake in Gloo during the 1st quarter valued at $1,202,000. 1492 Capital Management LLC raised its position in Gloo by 5.5% in the 1st 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 during the last quarter. Cornerstone Management Inc. acquired a new position in Gloo in the first quarter worth $601,000. Finally, Grace & Mercy Foundation Inc. acquired a new stake in shares of Gloo in the fourth quarter valued at $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.