Insider Selling: Gloo (NASDAQ:GLOO) Major Shareholder Sells $16,416.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 4,800 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $3.42, for a total transaction of $16,416.00. Following the sale, the insider owned 4,148,200 shares in the company, valued at $14,186,844. This represents a 0.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 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 Friday, August 14th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The shares were 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 value of $11,072.00.
• On Tuesday, August 11th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The shares were sold at an average price of $3.52, for a total value of $14,080.00.
• On Friday, August 7th, Financial For Luthera Thrivent sold 11,000 shares of Gloo stock. The stock was sold at an average price of $3.55, for a total value of $39,050.00.
• 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 value 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 value 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 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.

Gloo Stock Performance

Shares of Gloo stock opened at $3.48 on Monday. The firm has a market capitalization of $285.74 million and a PE ratio of -0.61. The company has a current ratio of 0.94, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11. The firm’s 50 day moving average is $3.86 and its 200 day moving average is $5.16. Gloo Holdings has a 1 year low of $2.94 and a 1 year high of $9.98.

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GLOO. Citigroup assumed coverage on Gloo in a research report on Monday, July 20th. They set an “outperform” rating on the stock. Weiss Ratings raised Gloo from a “sell (e)” rating to a “sell (d-)” rating in a research note on Wednesday. Citizens Jmp assumed coverage on Gloo in a report on Monday, July 20th. They set an “outperform” rating and a $8.00 price target on the stock. Wall Street Zen lowered shares of Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Finally, Benchmark lifted 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. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Gloo currently has a consensus rating of “Moderate Buy” and an average target price of $13.33.

Hedge Funds Weigh In On Gloo

A number of hedge funds have recently made changes to their positions in GLOO. EverSource Wealth Advisors LLC increased its stake in shares of 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 acquiring an additional 3,996 shares in the last quarter. Jane Street Group LLC bought a new position in Gloo during the fourth quarter worth $82,000. 1492 Capital Management LLC grew its holdings in Gloo by 5.5% in the first quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock worth $1,451,000 after purchasing an additional 15,824 shares during the period. Beacon Pointe Advisors LLC bought a new stake in Gloo in the fourth quarter valued at $142,000. Finally, Marshall Wace LLP acquired a new position in shares of Gloo during the fourth quarter valued at about $173,000.

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.