Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 20,000 Shares of Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $2.98, for a total value of $59,600.00. Following the transaction, the insider owned 4,460,000 shares of the company’s stock, valued at $13,290,800. This represents a 0.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large 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 Thursday, July 9th, Financial For Luthera Thrivent sold 125,000 shares of Gloo stock. The stock was 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 shares were sold at an average price of $3.98, for a total value of $51,740.00.
• On Tuesday, July 7th, Financial For Luthera Thrivent sold 11,000 shares of Gloo stock. The shares were sold at an average price of $3.76, for a total value of $41,360.00.
• On Monday, July 6th, Financial For Luthera Thrivent sold 13,700 shares of Gloo stock. The shares were sold at an average price of $4.01, for a total transaction of $54,937.00.
• On Thursday, July 2nd, Financial For Luthera Thrivent sold 300 shares of Gloo stock. The stock was sold at an average price of $4.64, for a total transaction of $1,392.00.
• On Wednesday, July 1st, Financial For Luthera Thrivent sold 12,000 shares of Gloo stock. The stock was sold at an average price of $4.82, for a total transaction 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 transaction of $18,040.00.
• On Friday, June 26th, Financial For Luthera Thrivent sold 15,600 shares of Gloo stock. The shares were sold at an average price of $4.33, for a total transaction of $67,548.00.
• On Thursday, June 25th, Financial For Luthera Thrivent sold 1,600 shares of Gloo stock. The shares were sold at an average price of $4.21, for a total transaction of $6,736.00.
• On Wednesday, June 24th, Financial For Luthera Thrivent sold 3,800 shares of Gloo stock. The stock was sold at an average price of $4.54, for a total transaction of $17,252.00.

Gloo Stock Performance

Shares of NASDAQ:GLOO traded down $0.09 during trading hours on Friday, hitting $2.95. The stock had a trading volume of 927,805 shares, compared to its average volume of 249,673. The firm has a fifty day moving average price of $5.10. Gloo Holdings has a 1-year low of $2.94 and a 1-year high of $9.98. The firm has a market capitalization of $242.22 million and a price-to-earnings ratio of -0.52. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.91.

Gloo (NASDAQ:GLOO) last issued 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. As a group, research analysts anticipate that Gloo Holdings will post -0.31 EPS for the current year.

Institutional Investors Weigh In On Gloo

A number of institutional investors have recently added to or reduced their stakes in GLOO. Skylands Capital LLC bought a new position in Gloo during the 4th quarter valued at $511,000. 1492 Capital Management LLC acquired a new position in shares of Gloo during the 4th quarter valued at $1,627,000. Annandale Capital LLC bought a new stake in shares of Gloo in the 4th quarter worth $1,423,000. HRT Financial LP bought a new stake in shares of Gloo in the 4th quarter worth $179,000. Finally, Jane Street Group LLC acquired a new stake in shares of Gloo in the fourth quarter valued at $82,000.

Analyst Ratings Changes

A number of research analysts have issued reports on GLOO shares. Weiss Ratings upgraded Gloo from a “sell (e-)” rating to a “sell (e)” rating in a research report on Friday, May 1st. Benchmark lifted their price objective on shares of Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Finally, Wall Street Zen downgraded shares of Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $16.00.

Key Headlines Impacting Gloo

Here are the key news stories impacting Gloo this week:

• Positive Sentiment: CEO Scott Arthur Beck bought 1,076,923 shares at $3.25, a large insider purchase that suggests management sees value in the stock. CEO Insider Purchase Filing
• Positive Sentiment: Director Derek Todd Green bought 615,384 shares at $3.25, adding to the bullish insider-buying signal. Director Insider Purchase Filing
• Neutral Sentiment: The company said it priced a 7 million-share public offering at $3.25 per share, bringing in about $22.75 million before expenses. Public Offering Announcement
• Negative Sentiment: Major shareholder Financial For Luthera Thrivent sold shares in recent filings, which can add to investor concern about near-term conviction. Shareholder Sale Filing
• Negative Sentiment: A recent report highlighting Gloo’s $48 million in losses is likely weighing on sentiment as investors focus on profitability and funding needs. Losses Report

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.