Financial For Luthera Thrivent Sells 13,700 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 13,700 shares of the stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $4.01, for a total transaction of $54,937.00. Following the completion of the transaction, the insider directly owned 4,629,000 shares of the company’s stock, valued at approximately $18,562,290. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 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 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 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.
• On Wednesday, July 1st, Financial For Luthera Thrivent sold 12,000 shares of Gloo stock. The stock was sold at an average price of $4.82, for a total value of $57,840.00.
• On Monday, June 29th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The shares were sold at an average price of $4.51, for a total value of $18,040.00.
• On Friday, June 26th, Financial For Luthera Thrivent sold 15,600 shares of Gloo stock. The shares were sold at an average price of $4.33, for a total value of $67,548.00.
• On Thursday, June 25th, Financial For Luthera Thrivent sold 1,600 shares of Gloo stock. The stock was sold at an average price of $4.21, for a total value of $6,736.00.
• On Wednesday, June 24th, Financial For Luthera Thrivent sold 3,800 shares of Gloo stock. The stock was sold at an average price of $4.54, for a total transaction of $17,252.00.
• On Tuesday, June 23rd, Financial For Luthera Thrivent sold 27,859 shares of Gloo stock. The stock was sold at an average price of $4.59, for a total value of $127,872.81.
• On Monday, June 22nd, Financial For Luthera Thrivent sold 430 shares of Gloo stock. The stock was sold at an average price of $4.73, for a total value of $2,033.90.
• On Thursday, June 18th, Financial For Luthera Thrivent sold 6,711 shares of Gloo stock. The shares were sold at an average price of $4.70, for a total transaction of $31,541.70.

Gloo Stock Performance

Shares of NASDAQ GLOO opened at $3.98 on Thursday. The business has a 50 day moving average price of $5.25. Gloo Holdings has a 52-week low of $3.54 and a 52-week high of $9.98. 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 company has a market capitalization of $326.80 million and a P/E ratio of -0.70.

Gloo (NASDAQ:GLOO) last issued its earnings results on Monday, June 8th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The business had revenue of $41.53 million during the quarter. On average, analysts forecast that Gloo Holdings will post -0.31 earnings per share for the current fiscal year.

Institutional Trading of Gloo

Several institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its holdings in shares of Gloo by 263.4% during the 1st 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. Jane Street Group LLC purchased a new position in shares of Gloo during the fourth quarter valued at about $82,000. Beacon Pointe Advisors LLC bought a new stake in shares of Gloo in the fourth quarter worth about $142,000. Marshall Wace LLP bought a new stake in shares of Gloo in the fourth quarter worth about $173,000. Finally, HRT Financial LP purchased a new stake in shares of Gloo in the fourth quarter worth about $179,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on GLOO shares. Wall Street Zen lowered shares of Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Weiss Ratings raised shares of Gloo from a “sell (e-)” rating to a “sell (e)” rating in a report on Friday, May 1st. Finally, Benchmark upped their target price on shares of Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $16.00.

Key Headlines Impacting Gloo

Here are the key news stories impacting Gloo this week:

• Negative Sentiment: Gloo priced an underwritten public offering of 7.0 million Class A shares at $3.25 each, expected to raise about $22.75 million before expenses. New share issuance can dilute existing shareholders and often weighs on the stock. Gloo Announces Pricing of Public Offering of Class A Common Stock
• Negative Sentiment: Thrivent Financial for Lutherans disclosed additional insider selling, including 11,000 shares sold at an average price of $3.76, following prior sales earlier in the week. Repeated insider selling can signal weak near-term sentiment. Financial For Luthera Thrivent Sells 11,000 Shares of Gloo (NASDAQ:GLOO) Stock
• Neutral Sentiment: Market commentary also noted the stock sliding on the public offering news, reinforcing investor concerns that financing activity may be pressuring shares. Gloo Shares Slide on Public Stock Offering

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.