Gloo (NASDAQ:GLOO) Major Shareholder Sells $64,600.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 20,000 shares of Gloo stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $3.23, for a total transaction of $64,600.00. Following the sale, the insider directly owned 4,217,000 shares in the company, valued at approximately $13,620,910. The trade was a 0.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• 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 value of $3,140.00.
• On Wednesday, July 22nd, Financial For Luthera Thrivent sold 100 shares of Gloo stock. The stock was 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 stock was 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 value 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.
• On Tuesday, July 7th, Financial For Luthera Thrivent sold 11,000 shares of Gloo stock. The stock was sold at an average price of $3.76, for a total transaction of $41,360.00.
• On Monday, July 6th, Financial For Luthera Thrivent sold 13,700 shares of Gloo stock. The stock was sold at an average price of $4.01, for a total value of $54,937.00.
• On Thursday, July 2nd, Financial For Luthera Thrivent sold 300 shares of Gloo stock. The shares were sold at an average price of $4.64, for a total value of $1,392.00.
• On Wednesday, July 1st, Financial For Luthera Thrivent sold 12,000 shares of Gloo stock. The shares were sold at an average price of $4.82, for a total value of $57,840.00.
• On Monday, June 29th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The stock was sold at an average price of $4.51, for a total value of $18,040.00.

Gloo Price Performance

Shares of NASDAQ GLOO opened at $3.23 on Monday. The business’s 50-day moving average is $4.25. The company has a current ratio of 0.94, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11. Gloo Holdings has a 1-year low of $2.94 and a 1-year high of $9.98. The stock has a market cap of $265.22 million and a P/E ratio of -0.57.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on GLOO. Citizens Jmp started coverage on shares of Gloo in a report on Monday, July 20th. They set an “outperform” rating and a $8.00 price target for the company. Weiss Ratings restated a “sell (e)” rating on shares of Gloo in a report on Wednesday. Wall Street Zen cut shares of Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Citigroup initiated coverage on shares of Gloo in a research note on Monday, July 20th. They set an “outperform” rating for the company. Finally, 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. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Gloo presently has an average rating of “Moderate Buy” and a consensus target price of $13.33.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GLOO. EverSource Wealth Advisors LLC grew its position in shares of Gloo by 263.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock valued at $27,000 after buying an additional 3,996 shares during the last quarter. Waverly Advisors LLC purchased a new stake in Gloo in the first quarter valued at $1,202,000. 1492 Capital Management LLC boosted its stake in Gloo by 5.5% in the first quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock valued at $1,451,000 after acquiring an additional 15,824 shares in the last quarter. Cornerstone Management Inc. acquired a new position in Gloo in the first quarter valued at $601,000. Finally, Beacon Pointe Advisors LLC purchased a new position in shares of Gloo during the fourth quarter worth about $142,000.

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.