Financial For Luthera Thrivent Sells 36,000 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 36,000 shares of the company’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $3.23, for a total value of $116,280.00. Following the completion of the sale, the insider directly owned 4,039,000 shares of the company’s stock, valued at $13,045,970. The trade was a 0.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large 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 shares were sold at an average price of $3.34, for a total value of $16,700.00.
• On Monday, September 14th, Financial For Luthera Thrivent sold 16,000 shares of Gloo stock. The stock was sold at an average price of $3.55, for a total value of $56,800.00.
• On Thursday, September 10th, Financial For Luthera Thrivent sold 10,000 shares of Gloo stock. The stock was sold at an average price of $3.03, for a total value 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 shares were 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 value 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 Stock Up 24.1%

Gloo stock opened at $4.07 on Thursday. 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 one year low of $2.90 and a one year high of $9.98. The company has a 50-day simple moving average of $3.30 and a 200-day simple moving average of $4.78. The firm has a market capitalization of $334.19 million and a P/E ratio of -0.56.

Gloo (NASDAQ:GLOO) last issued 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 firm had revenue of $46.57 million during the quarter. Gloo had a negative net margin of 81.35% and a negative return on equity of 1,637.91%. As a group, equities analysts expect that Gloo Holdings will post -0.65 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Grace & Mercy Foundation Inc. bought a new stake in Gloo during the fourth quarter worth approximately $14,225,000. 1492 Capital Management LLC bought a new position in Gloo during the 4th quarter valued at $1,627,000. Waverly Advisors LLC bought a new position in Gloo during the 1st quarter valued at $1,202,000. Cornerstone Management Inc. acquired a new position in shares of Gloo during the 1st quarter valued at $601,000. Finally, EverSource Wealth Advisors LLC raised 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 worth $27,000 after buying an additional 3,996 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GLOO. Lake Street Capital reduced their price objective on Gloo from $12.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, September 10th. Weiss Ratings downgraded Gloo from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday. Benchmark boosted 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. Wall Street Zen cut Gloo from a “hold” rating to a “sell” rating in a research note on Sunday. Finally, Citigroup began coverage on Gloo in a report on Monday, July 20th. They set an “outperform” rating on the stock. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.