Insider Selling: Gloo (NASDAQ:GLOO) Major Shareholder Sells 4,000 Shares

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 4,000 shares of Gloo stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $3.37, for a total value of $13,480.00. Following the completion of the sale, the insider owned 4,114,000 shares of the company’s stock, valued at $13,864,180. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Wednesday, August 26th, Financial For Luthera Thrivent sold 2,800 shares of Gloo stock. The shares were sold at an average price of $3.25, for a total transaction of $9,100.00.
• On Tuesday, August 25th, Financial For Luthera Thrivent sold 1,721 shares of Gloo stock. The stock was sold at an average price of $3.35, for a total transaction of $5,765.35.
• On Monday, August 24th, Financial For Luthera Thrivent sold 479 shares of Gloo stock. The stock was sold at an average price of $3.44, for a total transaction of $1,647.76.
• On Friday, August 21st, Financial For Luthera Thrivent sold 2,000 shares of Gloo stock. The shares were sold at an average price of $3.44, for a total transaction of $6,880.00.
• On Thursday, August 20th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The shares were sold at an average price of $3.44, for a total transaction of $20,640.00.
• On Wednesday, August 19th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The stock was sold at an average price of $3.34, for a total value of $13,360.00.
• On Monday, August 17th, Financial For Luthera Thrivent sold 2,000 shares of Gloo stock. The stock was sold at an average price of $3.30, for a total value of $6,600.00.
• 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 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 value 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 value of $16,416.00.

Gloo Trading Up 4.6%

Shares of Gloo stock traded up $0.15 during trading hours on Thursday, reaching $3.38. The stock had a trading volume of 65,019 shares, compared to its average volume of 126,345. The firm has a 50 day simple moving average of $3.61 and a two-hundred day simple moving average of $5.02. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.94. Gloo Holdings has a 1 year low of $2.94 and a 1 year high of $9.98.

Gloo (NASDAQ:GLOO) last issued its 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. On average, analysts expect that Gloo Holdings will post -0.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Grace & Mercy Foundation Inc. purchased a new position in Gloo during the fourth quarter valued at approximately $14,225,000. 1492 Capital Management LLC increased its stake in shares of Gloo by 5.5% in the first quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock worth $1,451,000 after acquiring an additional 15,824 shares during the last quarter. Waverly Advisors LLC acquired a new stake in Gloo during the first quarter valued at $1,202,000. Annandale Capital LLC acquired a new stake in Gloo during the fourth quarter valued at $1,423,000. Finally, Cornerstone Management Inc. purchased a new position in Gloo in the first quarter valued at about $601,000.

Analyst Ratings Changes

Several research firms have commented on GLOO. Wall Street Zen lowered Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Benchmark boosted their target price 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 raised shares of Gloo from a “sell (e)” rating to a “sell (d-)” rating in a research report on Wednesday, August 12th. Citizens Jmp began coverage on Gloo in a report on Monday, July 20th. They issued an “outperform” rating and a $8.00 price objective for the company. Finally, Citigroup assumed coverage on Gloo in a research note on Monday, July 20th. They set an “outperform” rating on the stock. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $13.33.

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.