Insider Selling: Gloo (NASDAQ:GLOO) Major Shareholder Sells $20,580.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $3.43, for a total value of $20,580.00. Following the completion of the sale, the insider owned 4,175,000 shares of the company’s stock, valued at $14,320,250. This represents a 0.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Financial For Luthera Thrivent also recently made the following trade(s):

• On Thursday, August 6th, Financial For Luthera Thrivent sold 7,000 shares of Gloo stock. The shares were sold at an average price of $3.39, for a total value of $23,730.00.
• On Tuesday, August 4th, Financial For Luthera Thrivent sold 15,000 shares of Gloo stock. The shares were sold at an average price of $3.53, for a total value 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 shares were 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 stock was sold at an average price of $3.14, for a total transaction 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 transaction 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 transaction of $59,600.00.
• On Thursday, July 9th, Financial For Luthera Thrivent sold 125,000 shares of Gloo stock. The shares were 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 Trading Up 5.3%

Shares of GLOO opened at $3.59 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11. The stock has a market cap of $294.77 million and a PE ratio of -0.63. Gloo Holdings has a 1 year low of $2.94 and a 1 year high of $9.98. The stock has a 50 day simple moving average of $4.05 and a 200-day simple moving average of $5.26.

Gloo (NASDAQ:GLOO) last announced its quarterly earnings results 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. On average, sell-side analysts predict that Gloo Holdings will post -0.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in 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 buying an additional 3,996 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Gloo during the fourth quarter worth $82,000. 1492 Capital Management LLC lifted its stake in shares of Gloo by 5.5% during the first quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock valued at $1,451,000 after acquiring an additional 15,824 shares during the period. Beacon Pointe Advisors LLC acquired a new position in Gloo during the 4th quarter valued at about $142,000. Finally, Marshall Wace LLP acquired a new position in Gloo in the fourth quarter valued at approximately $173,000.

Analysts Set New Price Targets

Several brokerages have recently commented on GLOO. Weiss Ratings reissued a “sell (e)” rating on shares of Gloo in a report on Wednesday, July 29th. Citigroup began coverage on Gloo in a report on Monday, July 20th. They set an “outperform” rating for the company. Wall Street Zen downgraded Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Citizens Jmp assumed coverage on Gloo in a research note on Monday, July 20th. They issued an “outperform” rating and a $8.00 price objective on the stock. Finally, Benchmark raised 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. Four equities research 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, Gloo presently has a consensus rating of “Moderate Buy” and an average price target of $13.33.

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.