Financial For Luthera Thrivent Sells 36,000 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 36,000 shares of the company’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $3.23, for a total value of $116,280.00. Following the sale, the insider owned 4,039,000 shares of the company’s stock, valued at $13,045,970. The trade was a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 Tuesday, September 15th, Financial For Luthera Thrivent sold 5,000 shares of Gloo stock. The stock was sold at an average price of $3.34, for a total value of $16,700.00.
• On Monday, September 14th, Financial For Luthera Thrivent sold 16,000 shares of Gloo stock. The shares were sold at an average price of $3.55, for a total transaction of $56,800.00.
• On Thursday, September 10th, Financial For Luthera Thrivent sold 10,000 shares of Gloo stock. The stock was sold at an average price of $3.03, for a total transaction of $30,300.00.
• On Wednesday, September 9th, Financial For Luthera Thrivent sold 9,000 shares of Gloo stock. The shares were sold at an average price of $3.25, for a total transaction of $29,250.00.
• On Tuesday, September 8th, Financial For Luthera Thrivent sold 10,000 shares of Gloo stock. The stock was sold at an average price of $3.20, for a total value of $32,000.00.
• On Friday, September 4th, Financial For Luthera Thrivent sold 5,500 shares of Gloo stock. The shares were sold at an average price of $3.09, for a total value of $16,995.00.
• On Thursday, September 3rd, Financial For Luthera Thrivent sold 1,000 shares of Gloo stock. The shares were sold at an average price of $3.06, for a total transaction of $3,060.00.
• On Wednesday, September 2nd, Financial For Luthera Thrivent sold 500 shares of Gloo stock. The stock was sold at an average price of $3.12, for a total transaction of $1,560.00.
• On Friday, August 28th, Financial For Luthera Thrivent sold 3,000 shares of Gloo stock. The stock was sold at an average price of $3.41, for a total value of $10,230.00.
• On Thursday, August 27th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The stock was sold at an average price of $3.37, for a total transaction of $13,480.00.

Gloo Stock Down 4.1%

Shares of GLOO traded down $0.14 during trading hours on Tuesday, hitting $3.28. The stock had a trading volume of 193,499 shares, compared to its average volume of 157,325. Gloo Holdings has a 1-year low of $2.90 and a 1-year high of $9.98. The firm has a 50 day simple moving average of $3.29 and a 200-day simple moving average of $4.80. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.21 and a current ratio of 1.23.

Gloo (NASDAQ:GLOO) last posted its quarterly earnings results on Wednesday, September 9th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.14). Gloo had a negative return on equity of 1,637.91% and a negative net margin of 81.35%.The firm had revenue of $46.57 million for the quarter. Analysts anticipate that Gloo Holdings will post -0.65 EPS for the current year.

Hedge Funds Weigh In On Gloo

A number of institutional investors have recently added to or reduced their stakes in the business. 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 purchasing an additional 3,996 shares during the last quarter. Cornerstone Management Inc. purchased a new position in shares of Gloo during the 1st quarter valued at about $601,000. Waverly Advisors LLC purchased a new position in Gloo in the 1st quarter worth $1,202,000. 1492 Capital Management LLC boosted its holdings in Gloo by 5.5% during 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. Finally, Grace & Mercy Foundation Inc. purchased a new position in shares of Gloo during the fourth quarter valued at about $14,225,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Benchmark raised their price target on shares of Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Lake Street Capital reduced their target price on shares of Gloo from $12.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, September 10th. Wall Street Zen downgraded shares of Gloo from a “hold” rating to a “sell” rating in a report on Sunday. Citigroup started coverage on shares of Gloo in a research note on Monday, July 20th. They issued an “outperform” rating for the company. Finally, Citizens Jmp reissued a “market outperform” rating and set a $8.00 target price on shares of Gloo in a research report on Thursday, September 10th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.00.

Gloo Company Profile

Gloo is a technology company that provides digital tools and services for faith-based organizations, including churches, ministries and other community-focused groups. Its platform is designed to help organizations build relationships, communicate with members and supporters, and manage engagement through digital channels.

The company’s offerings include customer relationship management capabilities, digital marketing and communications tools, data and analytics services, and technology intended to support ministry operations.