Insider Selling: Gloo (NASDAQ:GLOO) Major Shareholder Sells $21,120.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 6,000 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $3.52, for a total transaction of $21,120.00. Following the transaction, the insider owned 4,139,000 shares of the company’s stock, valued at approximately $14,569,280. This represents a 0.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Financial For Luthera Thrivent also recently made the following trade(s):

• On Thursday, August 13th, Financial For Luthera Thrivent sold 3,200 shares of Gloo stock. The shares were sold at an average price of $3.46, for a total transaction of $11,072.00.
• 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 transaction of $16,416.00.
• On Tuesday, August 11th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The shares were sold at an average price of $3.52, for a total transaction 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 value of $20,580.00.
• On Tuesday, August 4th, Financial For Luthera Thrivent sold 15,000 shares of Gloo stock. The stock was sold at an average price of $3.53, for a total value of $52,950.00.
• 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 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 value 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 value of $64,600.00.

Gloo Trading Up 0.3%

Shares of NASDAQ GLOO traded up $0.01 during midday trading on Friday, reaching $3.48. 160,667 shares of the stock traded hands, compared to its average volume of 149,685. The company’s 50 day moving average is $3.86 and its 200 day moving average is $5.17. Gloo Holdings has a one year low of $2.94 and a one year high of $9.98. 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 released 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 company had revenue of $41.53 million for the quarter. On average, research analysts anticipate that Gloo Holdings will post -0.28 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on GLOO shares. Weiss Ratings upgraded Gloo from a “sell (e)” rating to a “sell (d-)” rating in a research report on Wednesday. Citizens Jmp initiated coverage on Gloo in a report on Monday, July 20th. They issued an “outperform” rating and a $8.00 target price for the company. Citigroup assumed coverage on Gloo in a research report on Monday, July 20th. They set an “outperform” rating on the stock. Benchmark raised their price target on Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Finally, Wall Street Zen lowered shares of Gloo from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $13.33.

Institutional Investors Weigh In On Gloo

Several hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its stake 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 acquiring an additional 3,996 shares during the last quarter. Jane Street Group LLC purchased a new stake in Gloo in the fourth quarter worth $82,000. Beacon Pointe Advisors LLC purchased a new stake in Gloo in the fourth quarter worth $142,000. Marshall Wace LLP bought a new stake in shares of Gloo during the fourth quarter worth $173,000. Finally, HRT Financial LP purchased a new stake in shares of Gloo during the fourth quarter valued at $179,000.

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.