Insider Selling: Gloo (NASDAQ:GLOO) Major Shareholder Sells 6,000 Shares of Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 6,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $3.44, for a total value of $20,640.00. Following the transaction, the insider owned 4,125,000 shares in the company, valued at $14,190,000. This represents a 0.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% 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 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.
• On Friday, August 21st, Financial For Luthera Thrivent sold 2,000 shares of Gloo stock. The shares were sold at an average price of $3.44, for a total value of $6,880.00.
• On Wednesday, August 19th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The stock was sold at an average price of $3.34, for a total value of $13,360.00.
• 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 shares were 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 transaction of $11,072.00.
• On Wednesday, August 12th, Financial For Luthera Thrivent sold 4,800 shares of Gloo stock. The stock was 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 stock was 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 shares were 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 shares were sold at an average price of $3.39, for a total transaction of $23,730.00.

Gloo Price Performance

Shares of NASDAQ GLOO traded down $0.11 during trading on Monday, hitting $3.33. The company had a trading volume of 64,917 shares, compared to its average volume of 157,722. The firm has a market capitalization of $273.43 million and a price-to-earnings ratio of -0.58. The stock has a fifty day simple moving average of $3.70 and a two-hundred day simple moving average of $5.06. The company has a quick ratio of 0.91, a current ratio of 0.94 and a debt-to-equity ratio of 0.11. Gloo Holdings has a fifty-two week low of $2.94 and a fifty-two week high of $9.98.

Gloo (NASDAQ:GLOO) last released its quarterly earnings results 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 for the quarter. On average, research analysts expect that Gloo Holdings will post -0.28 earnings per share for the current year.

Hedge Funds Weigh In On Gloo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GLOO. EverSource Wealth Advisors LLC grew its holdings in 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 in the last quarter. Jane Street Group LLC acquired a new position in shares of Gloo during the 4th quarter valued at about $82,000. Beacon Pointe Advisors LLC acquired a new position in shares of Gloo during the 4th quarter valued at about $142,000. Marshall Wace LLP purchased a new stake in shares of Gloo in the fourth quarter valued at about $173,000. Finally, HRT Financial LP acquired a new stake in Gloo during the fourth quarter worth about $179,000.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GLOO shares. Weiss Ratings upgraded Gloo from a “sell (e)” rating to a “sell (d-)” rating in a research report on Wednesday, August 12th. Wall Street Zen lowered Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Citizens Jmp started coverage on shares of Gloo in a report on Monday, July 20th. They set an “outperform” rating and a $8.00 target price for the company. Benchmark increased their target price on shares of Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Finally, Citigroup assumed coverage on shares of Gloo in a research note on Monday, July 20th. They issued an “outperform” rating on the stock. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Gloo currently has an average rating of “Moderate Buy” and a consensus target price of $13.33.

Gloo Company Profile

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.