Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 16,000 Shares of Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 16,000 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $3.55, for a total value of $56,800.00. Following the completion of the transaction, the insider owned 4,023,000 shares in the company, valued at $14,281,650. The trade was a 0.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% 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 Tuesday, September 15th, Financial For Luthera Thrivent sold 5,000 shares of Gloo stock. The stock was sold at an average price of $3.34, for a total transaction of $16,700.00.
• On Friday, September 11th, Financial For Luthera Thrivent sold 36,000 shares of Gloo stock. The stock was sold at an average price of $3.23, for a total transaction of $116,280.00.
• On Thursday, September 10th, Financial For Luthera Thrivent sold 10,000 shares of Gloo stock. The shares were sold at an average price of $3.03, for a total transaction of $30,300.00.
• On Wednesday, September 9th, Financial For Luthera Thrivent sold 9,000 shares of Gloo stock. The shares were sold at an average price of $3.25, for a total transaction 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 stock was 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 shares were 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 shares were 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 stock was 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.

Gloo Trading Down 4.1%

Shares of GLOO opened at $3.28 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.21 and a current ratio of 1.23. Gloo Holdings has a 52-week low of $2.90 and a 52-week high of $9.98. The firm has a market cap of $269.32 million and a price-to-earnings ratio of -0.45. The business’s fifty day moving average is $3.29 and its 200-day moving average is $4.80.

Gloo (NASDAQ:GLOO) last announced its quarterly earnings data on Wednesday, September 9th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.14). The business had revenue of $46.57 million for the quarter. Gloo had a negative return on equity of 1,637.91% and a negative net margin of 81.35%. Equities analysts anticipate that Gloo Holdings will post -0.65 EPS for the current fiscal year.

Hedge Funds Weigh In On Gloo

A number of hedge funds have recently made changes to their positions in GLOO. Grace & Mercy Foundation Inc. acquired a new position in shares of Gloo in the fourth quarter worth approximately $14,225,000. Cornerstone Management Inc. acquired a new stake in Gloo during the 1st quarter valued at approximately $601,000. Waverly Advisors LLC bought a new position in Gloo during the 1st quarter worth approximately $1,202,000. 1492 Capital Management LLC acquired a new position in shares of Gloo in the 4th quarter worth approximately $1,627,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Gloo by 263.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock valued at $27,000 after purchasing an additional 3,996 shares during the last quarter.

Analysts Set New Price Targets

GLOO has been the topic of a number of research analyst reports. Lake Street Capital reduced their price target on shares of Gloo from $12.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, September 10th. Benchmark upped their price objective 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. Citizens Jmp reissued a “market outperform” rating and issued a $8.00 price objective on shares of Gloo in a research note on Thursday, September 10th. Weiss Ratings lowered shares of Gloo from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday. Finally, Wall Street Zen cut shares of Gloo from a “hold” rating to a “sell” rating in a research note on Sunday. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Gloo Company Profile

Gloo is a technology company that provides digital tools and services for faith-based organizations, including churches, ministries and other community-focused groups. Its platform is designed to help organizations build relationships, communicate with members and supporters, and manage engagement through digital channels.

The company’s offerings include customer relationship management capabilities, digital marketing and communications tools, data and analytics services, and technology intended to support ministry operations.