Financial For Luthera Thrivent Sells 11,000 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 11,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $3.55, for a total value of $39,050.00. Following the completion of the transaction, the insider owned 4,157,000 shares of the company’s stock, valued at approximately $14,757,350. This represents a 0.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 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 transaction of $14,080.00.
• 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 transaction of $23,730.00.
• On Wednesday, August 5th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The stock was sold at an average price of $3.43, for a total transaction 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 transaction of $52,950.00.
• 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 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 stock was 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 shares were 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 shares were sold at an average price of $2.98, for a total value of $59,600.00.

Gloo Stock Performance

Gloo stock opened at $3.41 on Thursday. Gloo Holdings has a 52 week low of $2.94 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 stock has a market cap of $280.00 million and a P/E ratio of -0.60. The stock has a 50 day moving average of $3.94 and a 200-day moving average of $5.20.

Gloo (NASDAQ:GLOO) last issued its quarterly earnings results 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 for the quarter. On average, analysts expect that Gloo Holdings will post -0.28 EPS for the current fiscal year.

Analysts Set New Price Targets

GLOO has been the topic of a number of recent analyst reports. Citizens Jmp assumed 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. Wall Street Zen downgraded Gloo from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Benchmark boosted their price objective on Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Weiss Ratings restated a “sell (e)” rating on shares of Gloo in a research note on Wednesday, July 29th. Finally, Citigroup initiated coverage on Gloo in a report on Monday, July 20th. They set an “outperform” rating on the stock. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Gloo currently has an average rating of “Moderate Buy” and a consensus target price of $13.33.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Grace & Mercy Foundation Inc. acquired a new position in shares of Gloo in the 4th quarter valued at about $14,225,000. Cornerstone Management Inc. acquired a new stake in Gloo during the first quarter worth about $601,000. Waverly Advisors LLC bought a new position in Gloo in the first quarter worth about $1,202,000. Skylands Capital LLC bought a new position in Gloo in the fourth quarter worth about $511,000. Finally, 1492 Capital Management LLC acquired a new position in Gloo in the fourth quarter valued at approximately $1,627,000.

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.