Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 16,000 Shares

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 16,000 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $3.55, for a total value of $56,800.00. Following the sale, the insider directly owned 4,023,000 shares in the company, valued at $14,281,650. This trade represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, September 15th, Financial For Luthera Thrivent sold 5,000 shares of Gloo stock. The shares were sold at an average price of $3.34, for a total transaction of $16,700.00.
• On Friday, September 11th, Financial For Luthera Thrivent sold 36,000 shares of Gloo stock. The shares were sold at an average price of $3.23, for a total transaction of $116,280.00.
• On Thursday, September 10th, Financial For Luthera Thrivent sold 10,000 shares of Gloo stock. The stock was sold at an average price of $3.03, for a total transaction of $30,300.00.
• On Wednesday, September 9th, Financial For Luthera Thrivent sold 9,000 shares of Gloo stock. The stock was sold at an average price of $3.25, for a total transaction of $29,250.00.
• On Tuesday, September 8th, Financial For Luthera Thrivent sold 10,000 shares of Gloo stock. The stock was sold at an average price of $3.20, for a total transaction of $32,000.00.
• On Friday, September 4th, Financial For Luthera Thrivent sold 5,500 shares of Gloo stock. The shares were sold at an average price of $3.09, for a total transaction of $16,995.00.
• On Thursday, September 3rd, Financial For Luthera Thrivent sold 1,000 shares of Gloo stock. The stock was 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 stock was 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 shares were sold at an average price of $3.41, for a total value 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.

Gloo Price Performance

NASDAQ:GLOO traded down $0.14 during midday trading on Tuesday, hitting $3.28. 193,499 shares of the company traded hands, compared to its average volume of 157,325. The firm’s fifty day moving average is $3.29 and its 200-day moving average is $4.80. Gloo Holdings has a 12-month low of $2.90 and a 12-month high of $9.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.21 and a current ratio of 1.23.

Gloo (NASDAQ:GLOO) last issued its quarterly earnings results on Wednesday, September 9th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.14). The firm had revenue of $46.57 million for the quarter. Gloo had a negative net margin of 81.35% and a negative return on equity of 1,637.91%. On average, analysts expect that Gloo Holdings will post -0.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GLOO has been the topic of several research reports. Lake Street Capital cut their price target on Gloo from $12.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, September 10th. Wall Street Zen cut shares of Gloo from a “hold” rating to a “sell” rating in a report on Sunday. Weiss Ratings downgraded shares of Gloo from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday. Citizens Jmp reaffirmed a “market outperform” rating and issued a $8.00 price target on shares of Gloo in a research report on Thursday, September 10th. Finally, Citigroup assumed coverage on shares of Gloo in a report on Monday, July 20th. They set an “outperform” rating on the stock. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $12.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake 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 worth $27,000 after acquiring an additional 3,996 shares in the last quarter. Cornerstone Management Inc. acquired a new stake in Gloo in the first quarter valued at approximately $601,000. Waverly Advisors LLC purchased a new position in Gloo in the first quarter worth $1,202,000. 1492 Capital Management LLC purchased a new position in Gloo in the fourth quarter worth $1,627,000. Finally, Grace & Mercy Foundation Inc. acquired a new position in shares of Gloo during the fourth quarter worth $14,225,000.

About Gloo

Gloo is a technology company that provides digital tools and services for faith-based organizations, including churches, ministries and other community-focused groups. Its platform is designed to help organizations build relationships, communicate with members and supporters, and manage engagement through digital channels.

The company’s offerings include customer relationship management capabilities, digital marketing and communications tools, data and analytics services, and technology intended to support ministry operations.