Financial For Luthera Thrivent Sells 7,000 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 7,000 shares of the stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $3.39, for a total value of $23,730.00. Following the transaction, the insider directly owned 4,168,000 shares in the company, valued at approximately $14,129,520. This represents a 0.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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 Wednesday, August 5th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The shares were 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 stock was 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 shares were sold at an average price of $3.23, for a total transaction of $64,600.00.
• 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 transaction 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 transaction 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 transaction of $385,000.00.
• On Wednesday, July 8th, Financial For Luthera Thrivent sold 13,000 shares of Gloo stock. The shares were sold at an average price of $3.98, for a total value of $51,740.00.

Gloo Trading Up 5.3%

Gloo stock opened at $3.59 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 business’s 50-day simple moving average is $4.05 and its 200-day simple moving average is $5.26. The firm has a market capitalization of $294.77 million and a PE ratio of -0.63. Gloo Holdings has a 52 week low of $2.94 and a 52 week high of $9.98.

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

Institutional Trading of Gloo

Institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in shares of Gloo by 263.4% during the first quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock valued at $27,000 after purchasing an additional 3,996 shares during the period. Jane Street Group LLC acquired a new stake in Gloo during the fourth quarter worth $82,000. Beacon Pointe Advisors LLC acquired a new stake in Gloo during the fourth quarter worth $142,000. Marshall Wace LLP bought a new stake in Gloo in the 4th quarter valued at $173,000. Finally, HRT Financial LP bought a new stake in Gloo in the 4th quarter valued at $179,000.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GLOO. Benchmark increased their price objective on Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Citigroup assumed coverage on shares of Gloo in a research report on Monday, July 20th. They set an “outperform” rating on the stock. Citizens Jmp assumed coverage on shares of Gloo in a report on Monday, July 20th. They issued 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 research report on Wednesday, July 29th. Finally, Wall Street Zen downgraded shares of Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average 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.