Insider Selling: Gloo (NASDAQ:GLOO) Major Shareholder Sells 3,000 Shares of Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 3,000 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $3.41, for a total transaction of $10,230.00. Following the completion of the sale, the insider owned 4,111,000 shares in the company, valued at approximately $14,018,510. This trade represents a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more 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 Thursday, August 27th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The shares were sold at an average price of $3.37, for a total transaction of $13,480.00.
• On Wednesday, August 26th, Financial For Luthera Thrivent sold 2,800 shares of Gloo stock. The shares were 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 stock was sold at an average price of $3.35, for a total transaction 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 transaction of $1,647.76.
• On Friday, August 21st, Financial For Luthera Thrivent sold 2,000 shares of Gloo stock. The stock was sold at an average price of $3.44, for a total value of $6,880.00.
• On Thursday, August 20th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The stock was sold at an average price of $3.44, for a total value of $20,640.00.
• 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 transaction of $6,600.00.
• On Friday, August 14th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The stock was 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 stock was sold at an average price of $3.46, for a total value of $11,072.00.

Gloo Stock Down 5.7%

GLOO stock traded down $0.19 during trading on Tuesday, reaching $3.12. The stock had a trading volume of 174,873 shares, compared to its average volume of 110,412. The company’s 50 day moving average is $3.53 and its two-hundred day moving average is $4.97. 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 one year low of $2.94 and a one year high of $9.98.

Gloo (NASDAQ:GLOO) last released its earnings results on Monday, June 8th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The firm had revenue of $41.53 million for the quarter. On average, analysts predict that Gloo Holdings will post -0.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Gloo

A number of hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its stake 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 period. Jane Street Group LLC purchased a new stake in shares of Gloo during the 4th quarter worth $82,000. Beacon Pointe Advisors LLC acquired a new position in Gloo in the fourth quarter valued at approximately $142,000. Marshall Wace LLP purchased a new position in shares of Gloo during the fourth quarter worth about $173,000. Finally, HRT Financial LP purchased a new stake in shares of Gloo during the 4th quarter worth approximately $179,000.

Wall Street Analysts Forecast Growth

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