Gloo (NASDAQ:GLOO) Major Shareholder Sells $23,730.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $3.39, for a total value of $23,730.00. Following the completion of the sale, the insider owned 4,168,000 shares in the company, valued at $14,129,520. The trade was a 0.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Financial For Luthera Thrivent also recently made the following trade(s):

• 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 value 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 value of $64,600.00.
• On Wednesday, July 29th, Financial For Luthera Thrivent sold 1,000 shares of Gloo stock. The shares were sold at an average price of $3.14, for a total value 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 value 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 shares were 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 shares were sold at an average price of $3.98, for a total transaction of $51,740.00.

Gloo Stock Up 5.3%

Shares of Gloo stock opened at $3.59 on Friday. 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 $294.77 million and a PE ratio of -0.63. Gloo Holdings has a 52-week low of $2.94 and a 52-week high of $9.98. The company has a 50-day simple moving average of $4.05 and a two-hundred day simple moving average of $5.26.

Gloo (NASDAQ:GLOO) last posted its quarterly earnings results on Monday, June 8th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The firm had revenue of $41.53 million for the quarter. On average, analysts anticipate that Gloo Holdings will post -0.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Gloo

Several institutional investors and hedge funds have recently added to or reduced their stakes in GLOO. EverSource Wealth Advisors LLC grew its position in Gloo by 263.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock worth $27,000 after purchasing an additional 3,996 shares during the period. Jane Street Group LLC bought a new position in shares of Gloo during the 4th quarter valued at $82,000. 1492 Capital Management LLC boosted its stake in shares of Gloo by 5.5% in the 1st quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock worth $1,451,000 after buying an additional 15,824 shares during the last quarter. Beacon Pointe Advisors LLC purchased a new position in shares of Gloo in the 4th quarter worth $142,000. Finally, Marshall Wace LLP bought a new stake in shares of Gloo in the fourth quarter worth $173,000.

Analyst Upgrades and Downgrades

GLOO has been the topic of several recent analyst reports. Wall Street Zen downgraded Gloo from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. 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. Citigroup assumed coverage on Gloo in a research report on Monday, July 20th. They set an “outperform” rating on the stock. Benchmark lifted their price objective on Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Finally, Weiss Ratings reissued a “sell (e)” rating on shares of Gloo in a research report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.