Financial For Luthera Thrivent Sells 5,000 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $3.34, for a total transaction of $16,700.00. Following the sale, the insider directly owned 4,018,000 shares of the company’s stock, valued at approximately $13,420,120. This trade represents a 0.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% 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 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 transaction of $56,800.00.
• On Friday, September 11th, Financial For Luthera Thrivent sold 36,000 shares of Gloo stock. The stock was sold at an average price of $3.23, for a total transaction of $116,280.00.
• 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 transaction of $30,300.00.
• On Wednesday, September 9th, Financial For Luthera Thrivent sold 9,000 shares of Gloo stock. The shares were 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 value of $16,995.00.
• On Thursday, September 3rd, Financial For Luthera Thrivent sold 1,000 shares of Gloo stock. The shares were 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 stock was 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 stock was 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 shares were sold at an average price of $3.37, for a total value of $13,480.00.

Gloo Trading Up 24.1%

NASDAQ GLOO opened at $4.07 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.23 and a debt-to-equity ratio of 0.21. Gloo Holdings has a 52 week low of $2.90 and a 52 week high of $9.98. The business has a 50 day moving average price of $3.30 and a 200-day moving average price of $4.78. The company has a market cap of $334.19 million and a price-to-earnings ratio of -0.56.

Gloo (NASDAQ:GLOO) last posted its quarterly earnings results on Wednesday, September 9th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.14). The business 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%. As a group, equities analysts expect that Gloo Holdings will post -0.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GLOO. Lake Street Capital reduced their price objective on shares of Gloo from $12.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, September 10th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $8.00 price target on shares of Gloo in a research report on Thursday, September 10th. Citigroup assumed coverage on Gloo in a research note on Monday, July 20th. They set an “outperform” rating for the company. Benchmark boosted their price objective on Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Finally, Weiss Ratings downgraded Gloo from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $12.00.

Institutional Investors Weigh In On Gloo

A number of institutional investors have recently added to or reduced their stakes in GLOO. EverSource Wealth Advisors LLC lifted its position in shares of Gloo by 263.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock worth $27,000 after buying an additional 3,996 shares in the last quarter. Cornerstone Management Inc. bought a new position in shares of Gloo in the first quarter valued at approximately $601,000. Waverly Advisors LLC bought a new position in shares of Gloo in the first quarter valued at approximately $1,202,000. 1492 Capital Management LLC purchased a new stake in shares of Gloo during the fourth quarter valued at approximately $1,627,000. Finally, Grace & Mercy Foundation Inc. bought a new stake in Gloo during the fourth quarter worth $14,225,000.

About Gloo

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.