Insider Selling: Gloo (NASDAQ:GLOO) Major Shareholder Sells $13,360.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 4,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $3.34, for a total transaction of $13,360.00. Following the completion of the transaction, the insider directly owned 4,131,000 shares of the company’s stock, valued at $13,797,540. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Monday, August 17th, Financial For Luthera Thrivent sold 2,000 shares of Gloo stock. The stock was sold at an average price of $3.30, for a total transaction of $6,600.00.
• On Friday, August 14th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The stock was sold at an average price of $3.52, for a total transaction of $21,120.00.
• On Thursday, August 13th, Financial For Luthera Thrivent sold 3,200 shares of Gloo stock. The stock was sold at an average price of $3.46, for a total transaction of $11,072.00.
• On Wednesday, August 12th, Financial For Luthera Thrivent sold 4,800 shares of Gloo stock. The shares were sold at an average price of $3.42, for a total transaction of $16,416.00.
• On Tuesday, August 11th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The shares were sold at an average price of $3.52, for a total value of $14,080.00.
• On Friday, August 7th, Financial For Luthera Thrivent sold 11,000 shares of Gloo stock. The stock was sold at an average price of $3.55, for a total value of $39,050.00.
• 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 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 value 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 value of $52,950.00.
• On Monday, August 3rd, Financial For Luthera Thrivent sold 21,000 shares of Gloo stock. The shares were sold at an average price of $3.46, for a total value of $72,660.00.

Gloo Price Performance

Shares of NASDAQ:GLOO opened at $3.44 on Friday. Gloo Holdings has a twelve month low of $2.94 and a twelve month high of $9.98. 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 company has a market cap of $282.46 million and a PE ratio of -0.60. The company’s 50 day moving average is $3.72 and its 200 day moving average is $5.08.

Gloo (NASDAQ:GLOO) last announced 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 business had revenue of $41.53 million for the quarter. On average, sell-side analysts forecast that Gloo Holdings will post -0.28 EPS for the current year.

Wall Street Analyst Weigh In

GLOO has been the subject of a number of recent research reports. Weiss Ratings upgraded Gloo from a “sell (e)” rating to a “sell (d-)” rating in a research note on Wednesday, August 12th. Wall Street Zen cut Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Citizens Jmp initiated coverage on Gloo in a research report on Monday, July 20th. They issued an “outperform” rating and a $8.00 price objective on the stock. Citigroup began coverage on shares of Gloo in a report on Monday, July 20th. They set an “outperform” rating for the company. Finally, Benchmark increased their price target on shares of Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $13.33.

Institutional Trading of Gloo

Institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised 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 worth $27,000 after purchasing an additional 3,996 shares during the last quarter. Waverly Advisors LLC acquired a new stake in Gloo in the 1st quarter worth about $1,202,000. 1492 Capital Management LLC increased its stake in Gloo by 5.5% during the 1st 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 in the last quarter. Cornerstone Management Inc. purchased a new stake in Gloo during the 1st quarter worth approximately $601,000. Finally, Beacon Pointe Advisors LLC acquired a new position in shares of Gloo during the fourth quarter valued at approximately $142,000.

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.