Financial For Luthera Thrivent Sells 6,000 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $3.52, for a total value of $21,120.00. Following the completion of the transaction, the insider owned 4,139,000 shares in the company, valued at $14,569,280. This represents 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 10% or more 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 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 Wednesday, August 12th, Financial For Luthera Thrivent sold 4,800 shares of Gloo stock. The shares were sold at an average price of $3.42, for a total value of $16,416.00.
• On Tuesday, August 11th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The shares were 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 stock was sold at an average price of $3.39, for a total transaction 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 transaction 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 Trading Up 0.3%

NASDAQ:GLOO opened at $3.48 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.94. The firm has a market cap of $285.75 million and a price-to-earnings ratio of -0.61. Gloo Holdings has a 52 week low of $2.94 and a 52 week high of $9.98. The firm has a 50-day moving average price of $3.86 and a two-hundred day moving average price of $5.17.

Gloo (NASDAQ:GLOO) last posted its 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 business had revenue of $41.53 million for the quarter. On average, equities analysts expect that Gloo Holdings will post -0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on GLOO. Citigroup started coverage on Gloo in a research note on Monday, July 20th. They issued an “outperform” rating for the company. Benchmark boosted their price target on shares of Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Weiss Ratings upgraded shares of Gloo from a “sell (e)” rating to a “sell (d-)” rating in a research report on Wednesday. Citizens Jmp assumed coverage on shares of Gloo in a report on Monday, July 20th. They set an “outperform” rating and a $8.00 price objective for the company. Finally, Wall Street Zen lowered shares of Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.33.

Institutional Trading of Gloo

A number of large investors have recently bought and sold shares of the company. Grace & Mercy Foundation Inc. bought a new stake in shares of Gloo in the fourth quarter valued at $14,225,000. 1492 Capital Management LLC grew its stake in shares of Gloo by 5.5% during the 1st quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock worth $1,451,000 after acquiring an additional 15,824 shares during the period. Waverly Advisors LLC purchased a new stake in Gloo in the 1st quarter worth about $1,202,000. Annandale Capital LLC purchased a new stake in Gloo in the 4th quarter worth about $1,423,000. Finally, Cornerstone Management Inc. bought a new stake in Gloo in the 1st quarter valued at about $601,000.

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.