Insider Selling: Gloo (NASDAQ:GLOO) Major Shareholder Sells $20,724.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 6,600 shares of Gloo stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $3.14, for a total transaction of $20,724.00. Following the transaction, the insider directly owned 4,237,000 shares of the company’s stock, valued at $13,304,180. The trade was a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 Monday, August 3rd, Financial For Luthera Thrivent sold 21,000 shares of Gloo stock. The shares were sold at an average price of $3.46, for a total transaction of $72,660.00.
• 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.
• On Wednesday, July 29th, Financial For Luthera Thrivent sold 1,000 shares of Gloo stock. The stock was 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.
• On Thursday, July 9th, Financial For Luthera Thrivent sold 125,000 shares of Gloo stock. The stock was sold at an average price of $3.08, for a total transaction of $385,000.00.
• On Wednesday, July 8th, Financial For Luthera Thrivent sold 13,000 shares of Gloo stock. The stock was sold at an average price of $3.98, for a total transaction of $51,740.00.
• On Tuesday, July 7th, Financial For Luthera Thrivent sold 11,000 shares of Gloo stock. The shares were sold at an average price of $3.76, for a total value of $41,360.00.
• On Monday, July 6th, Financial For Luthera Thrivent sold 13,700 shares of Gloo stock. The shares were sold at an average price of $4.01, for a total value of $54,937.00.
• On Thursday, July 2nd, Financial For Luthera Thrivent sold 300 shares of Gloo stock. The stock was sold at an average price of $4.64, for a total value of $1,392.00.

Gloo Stock Performance

Shares of NASDAQ GLOO opened at $3.36 on Thursday. Gloo Holdings has a fifty-two week low of $2.94 and a fifty-two week high of $9.98. 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 stock has a market capitalization of $275.89 million and a P/E ratio of -0.59. The business has a 50 day simple moving average of $4.13.

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 analysts’ consensus estimates of ($0.16) by ($0.06). The company had revenue of $41.53 million during the quarter. Sell-side analysts predict that Gloo Holdings will post -0.28 earnings per share for the current year.

Hedge Funds Weigh In On Gloo

A number of hedge funds and other institutional investors have recently made changes to their positions in GLOO. Skylands Capital LLC bought a new stake in shares of Gloo in the fourth quarter valued at about $511,000. 1492 Capital Management LLC bought a new position in Gloo during the 4th quarter worth about $1,627,000. Annandale Capital LLC bought a new position in Gloo during the 4th quarter worth about $1,423,000. HRT Financial LP purchased a new position in Gloo during the 4th quarter valued at about $179,000. Finally, Jane Street Group LLC bought a new stake in shares of Gloo in the 4th quarter valued at about $82,000.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Citigroup assumed coverage on shares of Gloo in a report on Monday, July 20th. They issued an “outperform” rating on the stock. Wall Street Zen cut shares of Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Citizens Jmp started coverage on shares of Gloo in a research note on Monday, July 20th. They issued an “outperform” rating and a $8.00 target price on the stock. 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. Finally, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Gloo in a research note on Wednesday, July 29th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently 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.