Gloo (NASDAQ:GLOO) Major Shareholder Sells $10,230.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 3,000 shares of the company’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $3.41, for a total value of $10,230.00. Following the completion of the sale, the insider owned 4,111,000 shares in the company, valued at $14,018,510. This represents a 0.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 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 Thursday, August 27th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The shares were sold at an average price of $3.37, for a total value of $13,480.00.
• On Wednesday, August 26th, Financial For Luthera Thrivent sold 2,800 shares of Gloo stock. The stock was sold at an average price of $3.25, for a total value of $9,100.00.
• On Tuesday, August 25th, Financial For Luthera Thrivent sold 1,721 shares of Gloo stock. The shares were sold at an average price of $3.35, for a total transaction of $5,765.35.
• On Monday, August 24th, Financial For Luthera Thrivent sold 479 shares of Gloo stock. The shares were 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 Thursday, August 20th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The stock was sold at an average price of $3.44, for a total transaction of $20,640.00.
• 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 transaction 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 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.

Gloo Trading Up 0.3%

Shares of GLOO opened at $3.06 on Friday. The stock has a fifty day moving average of $3.48 and a two-hundred day moving average of $4.94. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.94. The company has a market capitalization of $251.26 million and a PE ratio of -0.54. Gloo Holdings has a fifty-two week low of $2.94 and a fifty-two week high of $9.98.

Gloo (NASDAQ:GLOO) last posted its quarterly earnings data 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 firm had revenue of $41.53 million during the quarter. As a group, analysts forecast that Gloo Holdings will post -0.28 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Citizens Jmp began coverage on shares of Gloo in a research note on Monday, July 20th. They set an “outperform” rating and a $8.00 price objective for the company. Benchmark raised 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 assumed coverage on shares of Gloo in a report on Monday, July 20th. They issued an “outperform” rating for the company. Wall Street Zen downgraded shares of Gloo from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Finally, Weiss Ratings upgraded shares of 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 assigned a Sell rating to the stock. According to data from MarketBeat, Gloo presently has an average rating of “Moderate Buy” and a consensus price target of $13.33.

Institutional Trading of Gloo

A number of institutional investors and hedge funds have recently bought and sold shares of GLOO. EverSource Wealth Advisors LLC lifted its position in Gloo by 263.4% during the first quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock valued at $27,000 after buying an additional 3,996 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Gloo in the fourth quarter worth $82,000. 1492 Capital Management LLC raised its stake in shares of Gloo by 5.5% in the 1st quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock valued at $1,451,000 after acquiring an additional 15,824 shares during the period. Beacon Pointe Advisors LLC purchased a new position in shares of Gloo in the 4th quarter valued at $142,000. Finally, Marshall Wace LLP acquired a new position in shares of Gloo during the 4th quarter valued at $173,000.

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.