Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 6,000 Shares

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $3.43, for a total value of $20,580.00. Following the sale, the insider owned 4,175,000 shares in the company, valued at $14,320,250. The trade was a 0.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Thursday, August 6th, Financial For Luthera Thrivent sold 7,000 shares of Gloo stock. The stock was sold at an average price of $3.39, for a total value of $23,730.00.
• 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 value of $52,950.00.
• On Monday, August 3rd, Financial For Luthera Thrivent sold 21,000 shares of Gloo stock. The stock was sold at an average price of $3.46, for a total value of $72,660.00.
• On Thursday, July 30th, Financial For Luthera Thrivent sold 6,600 shares of Gloo stock. The shares were 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.
• 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 shares were sold at an average price of $2.98, for a total transaction of $59,600.00.
• On Thursday, July 9th, Financial For Luthera Thrivent sold 125,000 shares of Gloo stock. The shares were sold at an average price of $3.08, for a total transaction of $385,000.00.
• On Wednesday, July 8th, Financial For Luthera Thrivent sold 13,000 shares of Gloo stock. The stock was sold at an average price of $3.98, for a total transaction of $51,740.00.

Gloo Stock Up 1.5%

Shares of NASDAQ:GLOO opened at $3.41 on Friday. The stock’s 50-day moving average is $4.09 and its 200 day moving average is $5.27. The company has a market cap of $280.00 million and a PE ratio of -0.60. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.91. Gloo Holdings has a 1 year low of $2.94 and a 1 year high of $9.98.

Gloo (NASDAQ:GLOO) last released its quarterly earnings data on Monday, June 8th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The business had revenue of $41.53 million during the quarter. Sell-side analysts anticipate that Gloo Holdings will post -0.28 EPS for the current year.

Institutional Trading of Gloo

A number of hedge funds have recently modified their holdings of the business. Grace & Mercy Foundation Inc. purchased a new stake in shares of Gloo in the 4th quarter worth about $14,225,000. 1492 Capital Management LLC bought a new stake in shares of Gloo in the 4th quarter worth approximately $1,627,000. Waverly Advisors LLC bought a new stake in shares of Gloo in the 1st quarter worth approximately $1,202,000. Annandale Capital LLC purchased a new stake in shares of Gloo in the 4th quarter worth approximately $1,423,000. Finally, Cornerstone Management Inc. bought a new position in Gloo during the 1st quarter valued at approximately $601,000.

Analysts Set New Price Targets

Several analysts recently weighed in on GLOO shares. Wall Street Zen cut shares of Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Citizens Jmp assumed coverage on shares of Gloo in a research report on Monday, July 20th. They issued an “outperform” rating and a $8.00 target price for the company. Benchmark boosted their price target on shares of Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Weiss Ratings reissued a “sell (e)” rating on shares of Gloo in a research note on Wednesday, July 29th. Finally, Citigroup assumed coverage on shares of Gloo in a report on Monday, July 20th. They issued an “outperform” rating for the company. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus 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.