Financial For Luthera Thrivent Sells 4,000 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $3.34, for a total value of $13,360.00. Following the transaction, the insider owned 4,131,000 shares of the company’s stock, valued at $13,797,540. This trade represents a 0.10% decrease in their position. The transaction 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 sales and purchases with the SEC.

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

• On Monday, August 17th, Financial For Luthera Thrivent sold 2,000 shares of Gloo stock. The shares were sold at an average price of $3.30, for a total value of $6,600.00.
• On Friday, August 14th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The stock was sold at an average price of $3.52, for a total value of $21,120.00.
• On Thursday, August 13th, Financial For Luthera Thrivent sold 3,200 shares of Gloo stock. The shares were 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 transaction 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 transaction of $14,080.00.
• On Friday, August 7th, Financial For Luthera Thrivent sold 11,000 shares of Gloo stock. The stock was sold at an average price of $3.55, for a total transaction 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 value 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 value 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 value of $72,660.00.

Gloo Price Performance

GLOO traded up $0.08 during trading on Wednesday, hitting $3.33. The company’s stock had a trading volume of 89,502 shares, compared to its average volume of 159,175. The company has a quick ratio of 0.91, a current ratio of 0.94 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $273.43 million and a price-to-earnings ratio of -0.58. The firm’s 50 day moving average price is $3.77 and its two-hundred day moving average price is $5.10. Gloo Holdings has a 12 month low of $2.94 and a 12 month high of $9.98.

Gloo (NASDAQ:GLOO) last announced its earnings results on Monday, June 8th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The firm had revenue of $41.53 million during the quarter. Sell-side analysts forecast that Gloo Holdings will post -0.28 earnings per share for the current fiscal year.

Institutional Trading of Gloo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Grace & Mercy Foundation Inc. bought a new stake in Gloo during the 4th quarter worth about $14,225,000. 1492 Capital Management LLC acquired a new stake in shares of Gloo during the 4th quarter worth approximately $1,627,000. Waverly Advisors LLC acquired a new stake in shares of Gloo during the 1st quarter worth approximately $1,202,000. Annandale Capital LLC bought a new stake in shares of Gloo during the fourth quarter worth approximately $1,423,000. Finally, Cornerstone Management Inc. bought a new stake in shares of Gloo during the first quarter worth approximately $601,000.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Weiss Ratings upgraded shares of Gloo from a “sell (e)” rating to a “sell (d-)” rating in a research report on Wednesday, August 12th. Citigroup assumed coverage on shares of Gloo in a research note on Monday, July 20th. They set an “outperform” rating on the stock. Wall Street Zen lowered 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 price objective for the company. Finally, Benchmark upped their price objective on Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Gloo currently 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.