Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 3,200 Shares

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 3,200 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $3.46, for a total transaction of $11,072.00. Following the transaction, the insider directly owned 4,145,000 shares in the company, valued at approximately $14,341,700. The trade was a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% 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 Friday, August 14th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The stock was sold at an average price of $3.52, for a total transaction of $21,120.00.
• On Wednesday, August 12th, Financial For Luthera Thrivent sold 4,800 shares of Gloo stock. The stock was sold at an average price of $3.42, for a total transaction of $16,416.00.
• 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 transaction of $14,080.00.
• On Friday, August 7th, Financial For Luthera Thrivent sold 11,000 shares of Gloo stock. The shares were sold at an average price of $3.55, for a total transaction 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 stock was 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 stock was 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 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 shares were 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.

Gloo Stock Up 0.3%

Shares of GLOO opened at $3.48 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. Gloo Holdings has a one year low of $2.94 and a one year high of $9.98. The stock has a market capitalization of $285.74 million and a price-to-earnings ratio of -0.61. The stock has a 50 day moving average price of $3.86 and a 200 day moving average price of $5.17.

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

Institutional Trading of Gloo

Large investors have recently added to or reduced their stakes in the stock. Grace & Mercy Foundation Inc. acquired a new stake in shares of Gloo in the 4th quarter worth $14,225,000. 1492 Capital Management LLC raised its holdings in shares of Gloo by 5.5% during the 1st quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock worth $1,451,000 after acquiring an additional 15,824 shares during the period. Waverly Advisors LLC acquired a new position in shares of Gloo during the 1st quarter valued at about $1,202,000. Annandale Capital LLC acquired a new position in shares of Gloo during the 4th quarter valued at about $1,423,000. Finally, Cornerstone Management Inc. purchased a new stake in shares of Gloo in the first quarter valued at about $601,000.

Wall Street Analysts Forecast Growth

GLOO has been the subject of a number of recent research reports. Wall Street Zen cut shares of Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Citigroup started coverage on shares of Gloo in a research report on Monday, July 20th. They set an “outperform” rating on the stock. Weiss Ratings raised shares of Gloo from a “sell (e)” rating to a “sell (d-)” rating in a research note on Wednesday. Citizens Jmp began coverage on shares of Gloo in a report on Monday, July 20th. They issued an “outperform” rating and a $8.00 price objective for the company. Finally, 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 note on Tuesday, June 9th. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.