Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 6,600 Shares of Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 6,600 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $3.14, for a total value of $20,724.00. Following the transaction, the insider owned 4,237,000 shares of the company’s stock, valued at $13,304,180. This trade represents a 0.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 Monday, August 3rd, Financial For Luthera Thrivent sold 21,000 shares of Gloo stock. The shares were sold at an average price of $3.46, for a total value of $72,660.00.
• 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 value of $64,600.00.
• On Wednesday, July 29th, Financial For Luthera Thrivent sold 1,000 shares of Gloo stock. The stock was 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 shares were 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 stock was sold at an average price of $3.98, for a total transaction of $51,740.00.
• On Tuesday, July 7th, Financial For Luthera Thrivent sold 11,000 shares of Gloo stock. The stock was sold at an average price of $3.76, for a total transaction 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 value of $1,392.00.

Gloo Price Performance

Shares of GLOO traded up $0.30 on Monday, hitting $3.53. The company’s stock had a trading volume of 238,385 shares, compared to its average volume of 541,474. The firm has a market capitalization of $289.85 million and a P/E ratio of -0.62. Gloo Holdings has a fifty-two week low of $2.94 and a fifty-two week high of $9.98. The business has a 50 day moving average price of $4.21. 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 (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 business had revenue of $41.53 million during the quarter. On average, equities analysts forecast that Gloo Holdings will post -0.28 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Benchmark upped their price target 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. Weiss Ratings restated a “sell (e)” rating on shares of Gloo in a research report on Wednesday, July 29th. Wall Street Zen downgraded shares of Gloo from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Citizens Jmp initiated coverage on shares of Gloo in a research note on Monday, July 20th. They set an “outperform” rating and a $8.00 price target on the stock. Finally, Citigroup started coverage on shares of Gloo in a report on Monday, July 20th. They issued an “outperform” rating for the company. Four research 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 “Moderate Buy” and an average price target of $13.33.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GLOO. Grace & Mercy Foundation Inc. acquired a new stake in shares of Gloo during the 4th quarter worth approximately $14,225,000. Cornerstone Management Inc. acquired a new position in Gloo in the first quarter valued at approximately $601,000. Skylands Capital LLC acquired a new position in Gloo in the fourth quarter valued at approximately $511,000. Waverly Advisors LLC bought a new position in Gloo in the first quarter valued at approximately $1,202,000. Finally, 1492 Capital Management LLC acquired a new stake in Gloo during the 4th quarter worth $1,627,000.

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.