Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 10,000 Shares of Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 10,000 shares of Gloo stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $3.03, for a total value of $30,300.00. Following the transaction, the insider owned 4,075,000 shares in the company, valued at approximately $12,347,250. This trade represents a 0.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% 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 Wednesday, September 9th, Financial For Luthera Thrivent sold 9,000 shares of Gloo stock. The stock was sold at an average price of $3.25, for a total value of $29,250.00.
• On Tuesday, September 8th, Financial For Luthera Thrivent sold 10,000 shares of Gloo stock. The stock was sold at an average price of $3.20, for a total transaction of $32,000.00.
• On Friday, September 4th, Financial For Luthera Thrivent sold 5,500 shares of Gloo stock. The shares were sold at an average price of $3.09, for a total transaction of $16,995.00.
• On Thursday, September 3rd, Financial For Luthera Thrivent sold 1,000 shares of Gloo stock. The stock was sold at an average price of $3.06, for a total transaction of $3,060.00.
• On Wednesday, September 2nd, Financial For Luthera Thrivent sold 500 shares of Gloo stock. The stock was sold at an average price of $3.12, for a total transaction of $1,560.00.
• On Friday, August 28th, Financial For Luthera Thrivent sold 3,000 shares of Gloo stock. The shares were sold at an average price of $3.41, for a total value of $10,230.00.
• On Thursday, August 27th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The shares were sold at an average price of $3.37, for a total value of $13,480.00.
• On Wednesday, August 26th, Financial For Luthera Thrivent sold 2,800 shares of Gloo stock. The stock was sold at an average price of $3.25, for a total value 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 value 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 value of $1,647.76.

Gloo Trading Down 4.4%

NASDAQ:GLOO opened at $3.01 on Friday. The stock has a fifty day simple moving average of $3.34 and a 200 day simple moving average of $4.85. The firm has a market capitalization of $247.15 million and a price-to-earnings ratio of -0.41. Gloo Holdings has a 1-year low of $2.90 and a 1-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 posted its quarterly earnings data on Wednesday, September 9th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.14). The business had revenue of $46.57 million during the quarter. Sell-side analysts forecast that Gloo Holdings will post -0.28 earnings per share for the current year.

Institutional Investors Weigh In On Gloo

A number of large investors have recently bought and sold shares of GLOO. EverSource Wealth Advisors LLC raised its holdings in Gloo by 263.4% during the first quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock valued at $27,000 after buying an additional 3,996 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Gloo during the 4th quarter worth about $82,000. Beacon Pointe Advisors LLC acquired a new position in shares of Gloo during the 4th quarter valued at about $142,000. Marshall Wace LLP acquired a new position in shares of Gloo during the 4th quarter valued at about $173,000. Finally, HRT Financial LP bought a new position in shares of Gloo in the 4th quarter valued at approximately $179,000.

Gloo News Summary

Here are the key news stories impacting Gloo this week:

• Positive Sentiment: Management forecast fiscal 2026 revenue of approximately $200 million, above the $186 million consensus estimate, and third-quarter revenue of about $55 million, versus expectations of $44.1 million. Gloo also expects to reach adjusted EBITDA profitability in the fourth quarter, providing a potential catalyst for the stock. Gloo revenue outlook
• Positive Sentiment: Second-quarter revenue reached $46.57 million, representing reported year-over-year growth of 188% and signaling continued demand for Gloo’s applied-AI and faith-focused technology platform. Gloo second-quarter revenue growth
• Positive Sentiment: Citizens JMP reaffirmed a Market Outperform rating and an $8 price target, implying substantial potential upside from recent levels. However, analyst targets are projections rather than guarantees.
• Neutral Sentiment: Reported short interest was zero shares, suggesting little measurable short-selling pressure and no meaningful short-squeeze catalyst.
• Negative Sentiment: Gloo reported a quarterly loss of $0.25 per share, wider than the expected $0.11 loss. The earnings miss highlights continued profitability risk even as revenue and forward guidance improve. Gloo quarterly earnings results
• Negative Sentiment: Major shareholder Financial For Luthera Thrivent sold a combined 29,000 shares from September 8 through September 10 for approximately $91,550. The sales reduced its position by less than 1%, making the signal modest, but repeated insider selling may weigh on sentiment.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GLOO. Lake Street Capital cut their target price on shares of Gloo from $12.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday. Citizens Jmp restated a “market outperform” rating and set a $8.00 price target on shares of Gloo in a report on Thursday. Benchmark boosted their price objective on shares of Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Citigroup started coverage on shares of Gloo in a research note on Monday, July 20th. They issued an “outperform” rating on the stock. Finally, Weiss Ratings raised Gloo from a “sell (e)” rating to a “sell (d-)” rating in a research note on Wednesday, August 12th. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.00.

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.