Financial For Luthera Thrivent Sells 20,000 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 20,000 shares of Gloo stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $3.23, for a total transaction of $64,600.00. Following the completion of the transaction, the insider owned 4,217,000 shares of the company’s stock, valued at $13,620,910. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own at least 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 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 stock was 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 value 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 stock was sold at an average price of $3.98, for a total transaction 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 value 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 value of $54,937.00.
• On Thursday, July 2nd, Financial For Luthera Thrivent sold 300 shares of Gloo stock. The stock was sold at an average price of $4.64, for a total transaction of $1,392.00.
• On Wednesday, July 1st, Financial For Luthera Thrivent sold 12,000 shares of Gloo stock. The shares were sold at an average price of $4.82, for a total transaction of $57,840.00.
• On Monday, June 29th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The stock was sold at an average price of $4.51, for a total value of $18,040.00.

Gloo Stock Performance

Shares of GLOO stock opened at $3.23 on Friday. The firm has a market cap of $265.22 million and a P/E ratio of -0.57. Gloo Holdings has a 52 week low of $2.94 and a 52 week high of $9.98. The business’s 50 day moving average is $4.25. 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 announced 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 company had revenue of $41.53 million for the quarter. Analysts forecast that Gloo Holdings will post -0.28 earnings per share for the current year.

Hedge Funds Weigh In On Gloo

Several institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its position in Gloo by 263.4% in the first quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock worth $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 valued at about $82,000. 1492 Capital Management LLC grew its stake 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 buying an additional 15,824 shares in the last quarter. Beacon Pointe Advisors LLC purchased a new position in Gloo in the fourth quarter worth $142,000. Finally, Marshall Wace LLP bought a new stake in Gloo in the 4th quarter worth approximately $173,000.

Wall Street Analyst Weigh In

GLOO has been the subject of several analyst reports. Weiss Ratings reissued a “sell (e)” rating on shares of Gloo in a research note on Wednesday. Benchmark increased their target price on shares of Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Citigroup initiated coverage on shares of Gloo in a research 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. Finally, Citizens Jmp began coverage on Gloo in a report on Monday, July 20th. They set an “outperform” rating and a $8.00 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company 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.