Insider Selling: Gloo (NASDAQ:GLOO) Major Shareholder Sells $20,640.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 6,000 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $3.44, for a total transaction of $20,640.00. Following the completion of the transaction, the insider directly owned 4,125,000 shares in the company, valued at $14,190,000. The trade was a 0.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more 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 Monday, August 24th, Financial For Luthera Thrivent sold 479 shares of Gloo stock. The stock was sold at an average price of $3.44, for a total transaction of $1,647.76.
• On Friday, August 21st, Financial For Luthera Thrivent sold 2,000 shares of Gloo stock. The stock was sold at an average price of $3.44, for a total transaction of $6,880.00.
• On Wednesday, August 19th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The shares were sold at an average price of $3.34, for a total value of $13,360.00.
• On Monday, August 17th, Financial For Luthera Thrivent sold 2,000 shares of Gloo stock. The shares were sold at an average price of $3.30, for a total value 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 value 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 value of $11,072.00.
• On Wednesday, August 12th, Financial For Luthera Thrivent sold 4,800 shares of Gloo stock. The stock was sold at an average price of $3.42, for a total value 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 shares were 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 stock was sold at an average price of $3.39, for a total value of $23,730.00.

Gloo Stock Down 3.0%

Shares of GLOO opened at $3.23 on Thursday. The firm has a market cap of $265.22 million and a P/E ratio of -0.57. The stock has a 50 day simple moving average of $3.64 and a two-hundred day simple moving average of $5.03. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.91. Gloo Holdings has a 1 year low of $2.94 and a 1 year high of $9.98.

Gloo (NASDAQ:GLOO) last posted 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 business had revenue of $41.53 million for the quarter. On average, analysts forecast that Gloo Holdings will post -0.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gloo

Several institutional investors have recently added to or reduced their stakes in GLOO. EverSource Wealth Advisors LLC increased its position in shares of Gloo by 263.4% in the first 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 during the fourth quarter worth about $82,000. Beacon Pointe Advisors LLC bought a new stake in shares of Gloo in the fourth quarter worth about $142,000. Marshall Wace LLP bought a new stake in shares of Gloo in the fourth quarter worth about $173,000. Finally, HRT Financial LP purchased a new position in Gloo during the 4th quarter valued at about $179,000.

Wall Street Analyst Weigh In

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