Insider Selling: Gloo (NASDAQ:GLOO) Major Shareholder Sells $32,000.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $3.20, for a total transaction of $32,000.00. Following the sale, the insider owned 4,094,000 shares in the company, valued at approximately $13,100,800. This trade represents a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 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, September 10th, Financial For Luthera Thrivent sold 10,000 shares of Gloo stock. The stock was 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 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 value of $16,995.00.
• On Thursday, September 3rd, Financial For Luthera Thrivent sold 1,000 shares of Gloo stock. The shares were 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 shares were sold at an average price of $3.12, for a total value 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 value 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.
• On Wednesday, August 26th, Financial For Luthera Thrivent sold 2,800 shares of Gloo stock. The stock was sold at an average price of $3.25, for a total value of $9,100.00.
• On Tuesday, August 25th, Financial For Luthera Thrivent sold 1,721 shares of Gloo stock. The shares were sold at an average price of $3.35, for a total value of $5,765.35.
• On Monday, August 24th, Financial For Luthera Thrivent sold 479 shares of Gloo stock. The shares were sold at an average price of $3.44, for a total value of $1,647.76.

Gloo Stock Performance

Shares of GLOO opened at $3.33 on Friday. Gloo Holdings has a 1 year low of $2.90 and a 1 year high of $9.98. The stock has a market capitalization of $273.43 million and a PE ratio of -0.46. 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 stock has a 50-day simple moving average of $3.31 and a 200-day simple moving average of $4.84.

Gloo (NASDAQ:GLOO) last issued its 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 company had revenue of $46.57 million for the quarter. On average, analysts predict that Gloo Holdings will post -0.65 earnings per share for the current fiscal year.

Key Gloo News

Here are the key news stories impacting Gloo this week:

• Positive Sentiment: Management projected approximately $200 million in fiscal 2026 revenue, above the roughly $186 million consensus estimate, and forecast third-quarter revenue of about $55 million versus expectations of $44.1 million. Gloo also expects to reach adjusted EBITDA profitability in the fourth quarter, offering a potential catalyst. Gloo revenue outlook
• Positive Sentiment: Second-quarter revenue totaled $46.57 million, reportedly up 188% year over year and above expectations, indicating continued momentum for Gloo’s applied-AI and faith-focused technology platform. Gloo second-quarter revenue growth
• Positive Sentiment: Citizens JMP reaffirmed a Market Outperform rating and an $8 price target, implying substantial upside from recent trading levels. Analyst targets remain projections, not guarantees.
• Neutral Sentiment: Reported short interest was zero shares, indicating little measurable short-selling pressure or short-squeeze potential.
• Negative Sentiment: Gloo reported a quarterly loss of $0.25 per share, substantially worse than the expected $0.11 loss. The earnings miss underscores that profitability remains a key risk despite rapid revenue growth.
• Negative Sentiment: Major shareholder Financial For Luthera Thrivent sold a combined 29,000 shares from September 8 through September 10 for approximately $91,550. The sales reduced its ownership by less than 1%, so the signal is modest, but repeated selling may weigh on sentiment.

Institutional Trading of Gloo

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

Analyst Upgrades and Downgrades

GLOO has been the subject of several recent analyst reports. Lake Street Capital decreased their price objective on shares of Gloo from $12.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday. Benchmark increased their target price on Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Citizens Jmp restated a “market outperform” rating and issued a $8.00 price target on shares of Gloo in a research note on Thursday. Wall Street Zen downgraded Gloo from a “hold” rating to a “sell” rating in a report on Sunday. Finally, Weiss Ratings raised Gloo from a “sell (e)” rating to a “sell (d-)” rating in a report on Wednesday, August 12th. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.00.

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.