Gloo (NASDAQ:GLOO) Major Shareholder Sells $11,072.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 3,200 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $3.46, for a total value of $11,072.00. Following the sale, the insider directly owned 4,145,000 shares in the company, valued at $14,341,700. This trade represents a 0.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 Friday, August 14th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The shares were sold at an average price of $3.52, for a total value of $21,120.00.
• On Wednesday, August 12th, Financial For Luthera Thrivent sold 4,800 shares of Gloo stock. The stock was sold at an average price of $3.42, for a total value of $16,416.00.
• On Tuesday, August 11th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The stock was sold at an average price of $3.52, for a total value of $14,080.00.
• On Friday, August 7th, Financial For Luthera Thrivent sold 11,000 shares of Gloo stock. The shares were sold at an average price of $3.55, for a total value of $39,050.00.
• 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 transaction of $20,580.00.
• On Tuesday, August 4th, Financial For Luthera Thrivent sold 15,000 shares of Gloo stock. The shares were sold at an average price of $3.53, for a total transaction of $52,950.00.
• 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 stock was 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 shares were sold at an average price of $3.23, for a total transaction of $64,600.00.

Gloo Price Performance

GLOO traded up $0.01 during trading on Friday, hitting $3.48. The stock had a trading volume of 160,667 shares, compared to its average volume of 149,685. The stock has a 50 day simple moving average of $3.86 and a two-hundred day simple moving average of $5.17. 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 Holdings has a twelve month low of $2.94 and a twelve month high of $9.98.

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

Analyst Ratings Changes

A number of research firms have commented on GLOO. Benchmark increased their price target on Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Citizens Jmp assumed coverage on shares of Gloo in a report on Monday, July 20th. They set an “outperform” rating and a $8.00 price objective on the stock. Weiss Ratings raised shares of Gloo from a “sell (e)” rating to a “sell (d-)” rating in a research report on Wednesday. Wall Street Zen cut shares of Gloo from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Finally, Citigroup began coverage on shares of Gloo in a research report on Monday, July 20th. They set an “outperform” rating on the stock. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.33.

Hedge Funds Weigh In On Gloo

Institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its stake in Gloo by 263.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock valued at $27,000 after acquiring an additional 3,996 shares during the period. Jane Street Group LLC purchased a new stake in shares of Gloo in the 4th quarter valued at $82,000. Beacon Pointe Advisors LLC acquired a new stake in shares of Gloo in the fourth quarter worth $142,000. Marshall Wace LLP acquired a new stake in shares of Gloo in the fourth quarter worth $173,000. Finally, HRT Financial LP purchased a new position in shares of Gloo during the fourth quarter worth $179,000.

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.