Gloo (NASDAQ:GLOO) Major Shareholder Sells $23,730.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 7,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $3.39, for a total transaction of $23,730.00. Following the completion of the transaction, the insider owned 4,168,000 shares in the company, valued at approximately $14,129,520. The trade was a 0.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 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, August 5th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The shares were sold at an average price of $3.43, for a total transaction of $20,580.00.
• On Tuesday, August 4th, Financial For Luthera Thrivent sold 15,000 shares of Gloo stock. The stock was sold at an average price of $3.53, for a total transaction of $52,950.00.
• On Monday, August 3rd, Financial For Luthera Thrivent sold 21,000 shares of Gloo stock. The stock was sold at an average price of $3.46, for a total transaction of $72,660.00.
• On Thursday, July 30th, Financial For Luthera Thrivent sold 6,600 shares of Gloo stock. The shares were sold at an average price of $3.14, for a total transaction of $20,724.00.
• On Friday, July 31st, Financial For Luthera Thrivent sold 20,000 shares of Gloo stock. The stock was sold at an average price of $3.23, for a total transaction 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 shares were 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.

Gloo Stock Performance

Shares of NASDAQ:GLOO traded up $0.05 during midday trading on Thursday, reaching $3.41. 142,148 shares of the company’s stock traded hands, compared to its average volume of 518,653. 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 one year low of $2.94 and a one year high of $9.98. The company has a market cap of $280.00 million and a price-to-earnings ratio of -0.60. The stock has a 50 day moving average of $4.09 and a 200 day moving average of $5.27.

Gloo (NASDAQ:GLOO) last released its quarterly earnings data on Monday, June 8th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The company had revenue of $41.53 million during the quarter. As a group, equities research analysts anticipate that Gloo Holdings will post -0.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its position in shares of Gloo by 263.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock valued at $27,000 after acquiring an additional 3,996 shares during the period. Jane Street Group LLC purchased a new stake in shares of Gloo in the 4th quarter worth $82,000. 1492 Capital Management LLC raised its holdings in Gloo by 5.5% in the 1st quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock worth $1,451,000 after purchasing an additional 15,824 shares during the period. Beacon Pointe Advisors LLC purchased a new position in Gloo during the fourth quarter valued at $142,000. Finally, Marshall Wace LLP bought a new stake in Gloo during the fourth quarter valued at about $173,000.

Analysts Set New Price Targets

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

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.