Gloo (NASDAQ:GLOO) Major Shareholder Sells $52,950.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 15,000 shares of Gloo stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $3.53, for a total value of $52,950.00. Following the completion of the transaction, the insider owned 4,181,000 shares of the company’s stock, valued at approximately $14,758,930. The trade was a 0.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 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 value of $23,730.00.
• On Wednesday, August 5th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The stock was sold at an average price of $3.43, for a total value of $20,580.00.
• On Monday, August 3rd, Financial For Luthera Thrivent sold 21,000 shares of Gloo stock. The stock was sold at an average price of $3.46, for a total transaction of $72,660.00.
• On Thursday, July 30th, Financial For Luthera Thrivent sold 6,600 shares of Gloo stock. The shares were sold at an average price of $3.14, for a total transaction of $20,724.00.
• On Friday, July 31st, Financial For Luthera Thrivent sold 20,000 shares of Gloo stock. The stock was sold at an average price of $3.23, for a total transaction 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 value 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 value of $51,740.00.

Gloo Stock Up 5.3%

GLOO stock opened at $3.59 on Friday. 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. The firm’s 50-day simple moving average is $4.05 and its 200 day simple moving average is $5.26. The stock has a market cap of $294.77 million and a PE ratio of -0.63.

Gloo (NASDAQ:GLOO) last posted its earnings results on Monday, June 8th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The company had revenue of $41.53 million during the quarter. As a group, sell-side analysts predict that Gloo Holdings will post -0.28 EPS for the current year.

Institutional Investors Weigh In On Gloo

A number of large investors have recently made changes to their positions in the company. Skylands Capital LLC acquired a new stake in shares of Gloo in the fourth quarter worth $511,000. 1492 Capital Management LLC purchased a new stake in Gloo in the 4th quarter worth about $1,627,000. Annandale Capital LLC purchased a new stake in Gloo in the 4th quarter worth about $1,423,000. HRT Financial LP acquired a new stake in Gloo during the 4th quarter worth about $179,000. Finally, Jane Street Group LLC purchased a new position in Gloo during the 4th quarter valued at about $82,000.

Analysts Set New Price Targets

A number of equities analysts have issued reports on GLOO shares. Citizens Jmp started coverage on Gloo in a research note on Monday, July 20th. They set an “outperform” rating and a $8.00 price target 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 research note on Tuesday, June 9th. Wall Street Zen lowered Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings reaffirmed a “sell (e)” rating on shares of Gloo in a research note on Wednesday, July 29th. Finally, Citigroup assumed coverage on shares of Gloo in a research report on Monday, July 20th. They issued an “outperform” rating on the stock. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.