Financial For Luthera Thrivent Sells 21,000 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 21,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $3.46, for a total value of $72,660.00. Following the transaction, the insider owned 4,196,000 shares of the company’s stock, valued at approximately $14,518,160. The trade was a 0.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 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 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 shares were sold at an average price of $3.23, for a total value of $64,600.00.
• On Wednesday, July 29th, Financial For Luthera Thrivent sold 1,000 shares of Gloo stock. The shares were sold at an average price of $3.14, for a total value of $3,140.00.
• On Wednesday, July 22nd, Financial For Luthera Thrivent sold 100 shares of Gloo stock. The stock was sold at an average price of $3.37, for a total value of $337.00.
• On Friday, July 10th, Financial For Luthera Thrivent sold 20,000 shares of Gloo stock. The stock was sold at an average price of $2.98, for a total value of $59,600.00.
• On Thursday, July 9th, Financial For Luthera Thrivent sold 125,000 shares of Gloo stock. The stock was sold at an average price of $3.08, for a total value of $385,000.00.
• On Wednesday, July 8th, Financial For Luthera Thrivent sold 13,000 shares of Gloo stock. The shares were sold at an average price of $3.98, for a total value of $51,740.00.
• On Tuesday, July 7th, Financial For Luthera Thrivent sold 11,000 shares of Gloo stock. The shares were sold at an average price of $3.76, for a total transaction of $41,360.00.
• On Monday, July 6th, Financial For Luthera Thrivent sold 13,700 shares of Gloo stock. The stock was sold at an average price of $4.01, for a total transaction of $54,937.00.
• On Thursday, July 2nd, Financial For Luthera Thrivent sold 300 shares of Gloo stock. The shares were sold at an average price of $4.64, for a total transaction of $1,392.00.

Gloo Stock Down 2.0%

GLOO stock opened at $3.46 on Wednesday. Gloo Holdings has a 52 week low of $2.94 and a 52 week high of $9.98. The company has a market capitalization of $284.10 million and a price-to-earnings ratio of -0.61. The company’s fifty day simple moving average is $4.17. 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 earnings results on Monday, June 8th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The firm had revenue of $41.53 million for the quarter. As a group, analysts anticipate that Gloo Holdings will post -0.28 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GLOO shares. Wall Street Zen downgraded Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Weiss Ratings reissued a “sell (e)” rating on shares of Gloo in a research report on Wednesday, July 29th. Citizens Jmp initiated coverage on Gloo in a report on Monday, July 20th. They set an “outperform” rating and a $8.00 price target on the stock. Citigroup assumed coverage on Gloo in a research report on Monday, July 20th. They issued an “outperform” rating for the company. Finally, Benchmark lifted their price objective on shares of Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Gloo presently has an average rating of “Moderate Buy” and an average target price of $13.33.

Institutional Trading of Gloo

Several institutional investors have recently added to or reduced their stakes in GLOO. Grace & Mercy Foundation Inc. purchased a new position in shares of Gloo during the fourth quarter valued at approximately $14,225,000. 1492 Capital Management LLC raised its holdings 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 buying an additional 15,824 shares during the period. Waverly Advisors LLC bought a new stake in shares of Gloo during the 1st quarter worth approximately $1,202,000. Annandale Capital LLC bought a new stake in shares of Gloo during the 4th quarter worth approximately $1,423,000. Finally, Cornerstone Management Inc. purchased a new position in Gloo during the 1st quarter valued at $601,000.

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.