Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 5,500 Shares of Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 5,500 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $3.09, for a total transaction of $16,995.00. Following the sale, the insider owned 4,104,000 shares in the company, valued at $12,681,360. The trade was a 0.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Large 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 Thursday, September 3rd, Financial For Luthera Thrivent sold 1,000 shares of Gloo stock. The shares were sold at an average price of $3.06, for a total value of $3,060.00.
• On Wednesday, September 2nd, Financial For Luthera Thrivent sold 500 shares of Gloo stock. The shares were sold at an average price of $3.12, for a total value of $1,560.00.
• On Friday, August 28th, Financial For Luthera Thrivent sold 3,000 shares of Gloo stock. The stock was sold at an average price of $3.41, for a total transaction of $10,230.00.
• On Thursday, August 27th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The stock was sold at an average price of $3.37, for a total value of $13,480.00.
• On Wednesday, August 26th, Financial For Luthera Thrivent sold 2,800 shares of Gloo stock. The shares were sold at an average price of $3.25, for a total value of $9,100.00.
• On Tuesday, August 25th, Financial For Luthera Thrivent sold 1,721 shares of Gloo stock. The shares were sold at an average price of $3.35, for a total transaction of $5,765.35.
• On Monday, August 24th, Financial For Luthera Thrivent sold 479 shares of Gloo stock. The stock was sold at an average price of $3.44, for a total transaction of $1,647.76.
• On Friday, August 21st, Financial For Luthera Thrivent sold 2,000 shares of Gloo stock. The shares were sold at an average price of $3.44, for a total transaction of $6,880.00.
• On Thursday, August 20th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The stock was sold at an average price of $3.44, for a total transaction of $20,640.00.
• On Wednesday, August 19th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The stock was sold at an average price of $3.34, for a total transaction of $13,360.00.

Gloo Stock Up 1.3%

GLOO opened at $3.10 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.94 and a debt-to-equity ratio of 0.11. The business’s fifty day simple moving average is $3.45 and its 200 day simple moving average is $4.92. Gloo Holdings has a 52 week low of $2.94 and a 52 week high of $9.98. The stock has a market cap of $254.54 million and a PE ratio of -0.54.

Gloo (NASDAQ:GLOO) last announced 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 firm had revenue of $41.53 million during the quarter. As a group, research analysts expect that Gloo Holdings will post -0.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on GLOO shares. Citizens Jmp started coverage on shares of Gloo in a report on Monday, July 20th. They set an “outperform” rating and a $8.00 target price on the stock. Citigroup initiated coverage on Gloo in a report on Monday, July 20th. They issued an “outperform” rating on the stock. Weiss Ratings upgraded Gloo from a “sell (e)” rating to a “sell (d-)” rating in a research report on Wednesday, August 12th. Benchmark boosted their price objective on Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Finally, Wall Street Zen raised shares of Gloo from a “sell” rating to a “hold” rating in a research note on Saturday. 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, Gloo currently has a consensus rating of “Moderate Buy” and an average target price of $13.33.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GLOO. EverSource Wealth Advisors LLC increased its position in 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 buying an additional 3,996 shares in the last quarter. Waverly Advisors LLC bought a new stake in shares of Gloo in the first quarter worth $1,202,000. 1492 Capital Management LLC lifted its holdings in Gloo by 5.5% in the first quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock valued at $1,451,000 after acquiring an additional 15,824 shares during the period. Cornerstone Management Inc. purchased a new position in Gloo in the first quarter worth about $601,000. Finally, Beacon Pointe Advisors LLC bought a new position in shares of Gloo in the 4th quarter worth approximately $142,000.

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.