Financial For Luthera Thrivent Sells 15,000 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $3.53, for a total value of $52,950.00. Following the transaction, the insider owned 4,181,000 shares of the company’s stock, valued at $14,758,930. This trade represents a 0.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% 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 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 transaction of $23,730.00.
• On Wednesday, August 5th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The stock was sold at an average price of $3.43, for a total value of $20,580.00.
• 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.
• On Thursday, July 30th, Financial For Luthera Thrivent sold 6,600 shares of Gloo stock. The stock was 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 shares were 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 shares were 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 transaction 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.

Gloo Stock Performance

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

Gloo (NASDAQ:GLOO) last issued its earnings results on Monday, June 8th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The company had revenue of $41.53 million during the quarter. On average, equities research analysts predict that Gloo Holdings will post -0.28 EPS for the current fiscal year.

Analyst Ratings Changes

GLOO has been the topic of a number of recent research reports. Citizens Jmp assumed coverage on Gloo in a report on Monday, July 20th. They issued an “outperform” rating and a $8.00 target price on the stock. Benchmark upped their price objective on shares of Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Weiss Ratings reaffirmed a “sell (e)” rating on shares of Gloo in a research note on Wednesday, July 29th. Wall Street Zen cut shares of Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Finally, Citigroup began coverage on shares of Gloo in a research report on Monday, July 20th. They set an “outperform” rating for the company. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Gloo presently has an average rating of “Moderate Buy” and an average price target of $13.33.

Institutional Trading of Gloo

Several institutional investors and hedge funds have recently made changes to their positions in GLOO. Grace & Mercy Foundation Inc. purchased a new position in Gloo during the fourth quarter worth about $14,225,000. 1492 Capital Management LLC bought a new position in shares of Gloo during the 4th quarter worth approximately $1,627,000. Waverly Advisors LLC bought a new position in shares of Gloo during the 1st quarter worth approximately $1,202,000. Annandale Capital LLC purchased a new position in shares of Gloo in the 4th quarter worth approximately $1,423,000. Finally, Cornerstone Management Inc. purchased a new position in shares of Gloo in the 1st quarter worth approximately $601,000.

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.