Financial For Luthera Thrivent Sells 5,500 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 5,500 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $3.09, for a total value of $16,995.00. Following the completion of the transaction, the insider directly owned 4,104,000 shares of the company’s stock, valued at approximately $12,681,360. This trade represents a 0.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 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, September 3rd, Financial For Luthera Thrivent sold 1,000 shares of Gloo stock. The stock was sold at an average price of $3.06, for a total value 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 value of $1,560.00.
• On Friday, August 28th, Financial For Luthera Thrivent sold 3,000 shares of Gloo stock. The shares were 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 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 stock was 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 shares were 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 shares were 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 stock was sold at an average price of $3.34, for a total transaction of $13,360.00.

Gloo Price Performance

GLOO traded up $0.04 during midday trading on Friday, reaching $3.10. 110,320 shares of the company’s stock were exchanged, compared to its average volume of 154,790. The company has a quick ratio of 0.91, a current ratio of 0.94 and a debt-to-equity ratio of 0.11. The business has a 50-day simple moving average of $3.45 and a two-hundred day simple moving average of $4.92. The firm has a market capitalization of $254.54 million and a price-to-earnings ratio of -0.54. Gloo Holdings has a one year low of $2.94 and a one year high of $9.98.

Gloo (NASDAQ:GLOO) last released its quarterly earnings data on Monday, June 8th. The company reported ($0.22) earnings per share 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, research analysts predict that Gloo Holdings will post -0.28 EPS for the current year.

Institutional Investors Weigh In On Gloo

A number of institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in shares of Gloo by 263.4% during 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 last quarter. Jane Street Group LLC bought a new position in Gloo in the fourth quarter valued at about $82,000. Beacon Pointe Advisors LLC acquired a new stake in Gloo in the fourth quarter worth about $142,000. Marshall Wace LLP acquired a new stake in Gloo in the fourth quarter worth about $173,000. Finally, HRT Financial LP bought a new stake in Gloo during the 4th quarter worth about $179,000.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on GLOO shares. Citizens Jmp initiated coverage on Gloo in a research note on Monday, July 20th. They set an “outperform” rating and a $8.00 price objective for the company. Citigroup started coverage on shares of Gloo in a report on Monday, July 20th. They issued an “outperform” rating on the stock. Benchmark boosted 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. Wall Street Zen lowered shares of Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Finally, Weiss Ratings raised Gloo from a “sell (e)” rating to a “sell (d-)” rating in a report on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Gloo presently has an average 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.