Gloo (NASDAQ:GLOO) Major Shareholder Sells $39,050.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 11,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $3.55, for a total value of $39,050.00. Following the completion of the transaction, the insider directly owned 4,157,000 shares in the company, valued at approximately $14,757,350. The trade was a 0.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own more than 10% 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 Tuesday, August 11th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The stock was sold at an average price of $3.52, for a total value of $14,080.00.
• 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.
• 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 transaction of $20,580.00.
• 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 transaction 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 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 stock was 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 stock was sold at an average price of $2.98, for a total transaction of $59,600.00.

Gloo Price Performance

Shares of NASDAQ:GLOO opened at $3.47 on Friday. Gloo Holdings has a 52 week low of $2.94 and a 52 week high of $9.98. The company has a 50-day moving average price of $3.90 and a 200 day moving average price of $5.18. The company has a market cap of $284.92 million and a P/E ratio of -0.61. 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 released its earnings results on Monday, June 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The business had revenue of $41.53 million during the quarter. Research analysts predict that Gloo Holdings will post -0.28 earnings per share for the current year.

Institutional Investors Weigh In On Gloo

A number of institutional investors and hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its stake 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 purchasing an additional 3,996 shares in the last quarter. Jane Street Group LLC purchased a new stake in Gloo during the fourth quarter worth $82,000. Beacon Pointe Advisors LLC acquired a new stake in Gloo in the fourth quarter valued at $142,000. Marshall Wace LLP acquired a new stake in Gloo in the fourth quarter valued at $173,000. Finally, HRT Financial LP purchased a new position in shares of Gloo in the fourth quarter valued at $179,000.

Analysts Set New Price Targets

GLOO has been the topic of a number of recent analyst reports. Citizens Jmp initiated coverage on Gloo in a report on Monday, July 20th. They set an “outperform” rating and a $8.00 price objective on the stock. Benchmark boosted 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 began coverage on shares of Gloo in a research note on Monday, July 20th. They set an “outperform” rating on the stock. Wall Street Zen downgraded shares of Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Finally, Weiss Ratings upgraded shares of Gloo from a “sell (e)” rating to a “sell (d-)” rating in a research note on Wednesday. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $13.33.

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.