Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 36,000 Shares of Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 36,000 shares of the business’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $3.23, for a total value of $116,280.00. Following the completion of the sale, the insider owned 4,039,000 shares in the company, valued at approximately $13,045,970. The trade was a 0.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, September 15th, Financial For Luthera Thrivent sold 5,000 shares of Gloo stock. The stock was sold at an average price of $3.34, for a total value of $16,700.00.
• 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 value of $56,800.00.
• 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 value 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 transaction of $32,000.00.
• On Friday, September 4th, Financial For Luthera Thrivent sold 5,500 shares of Gloo stock. The shares were 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 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 shares were 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.

Gloo Trading Down 4.1%

Shares of GLOO opened at $3.28 on Wednesday. Gloo Holdings has a twelve month low of $2.90 and a twelve month high of $9.98. The stock has a market cap of $269.32 million and a PE ratio of -0.45. The company has a quick ratio of 1.21, a current ratio of 1.23 and a debt-to-equity ratio of 0.21. The business’s 50-day moving average price is $3.29 and its 200-day moving average price is $4.80.

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

Institutional Trading of Gloo

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Grace & Mercy Foundation Inc. purchased a new position in Gloo in the fourth quarter worth $14,225,000. Cornerstone Management Inc. purchased a new stake in Gloo during the first quarter valued at about $601,000. Waverly Advisors LLC purchased a new stake in Gloo during the first quarter valued at about $1,202,000. 1492 Capital Management LLC bought a new stake in Gloo during the fourth quarter worth about $1,627,000. Finally, EverSource Wealth Advisors LLC lifted its stake in 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 purchasing an additional 3,996 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Citigroup assumed coverage on Gloo in a research report on Monday, July 20th. They issued an “outperform” rating on the stock. Citizens Jmp restated a “market outperform” rating and set a $8.00 target price on shares of Gloo in a research report on Thursday, September 10th. Lake Street Capital decreased their target price on Gloo from $12.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, September 10th. Wall Street Zen cut Gloo from a “hold” rating to a “sell” rating in a report on Sunday. Finally, Benchmark lifted their price target on Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $12.00.

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.