Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 21,000 Shares of Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 21,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $3.46, for a total value of $72,660.00. Following the transaction, the insider owned 4,196,000 shares of the company’s stock, valued at approximately $14,518,160. This represents a 0.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• 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 transaction 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 transaction 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 transaction 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 transaction of $59,600.00.
• On Thursday, July 9th, Financial For Luthera Thrivent sold 125,000 shares of Gloo stock. The stock was sold at an average price of $3.08, for a total value 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 value of $51,740.00.
• On Tuesday, July 7th, Financial For Luthera Thrivent sold 11,000 shares of Gloo stock. The stock was sold at an average price of $3.76, for a total value of $41,360.00.
• On Monday, July 6th, Financial For Luthera Thrivent sold 13,700 shares of Gloo stock. The shares were sold at an average price of $4.01, for a total transaction of $54,937.00.
• On Thursday, July 2nd, Financial For Luthera Thrivent sold 300 shares of Gloo stock. The stock was sold at an average price of $4.64, for a total transaction of $1,392.00.

Gloo Trading Up 9.3%

Shares of NASDAQ GLOO traded up $0.30 during midday trading on Monday, reaching $3.53. The company’s stock had a trading volume of 238,385 shares, compared to its average volume of 541,474. 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 $289.85 million and a P/E ratio of -0.62. The stock has a 50 day moving average price of $4.21. The company has a current ratio of 0.94, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11.

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

Analysts Set New Price Targets

A number of research firms have commented on GLOO. Benchmark upped their price objective on shares of Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Citizens Jmp initiated coverage on shares of Gloo in a report on Monday, July 20th. They set an “outperform” rating and a $8.00 price target on the stock. Weiss Ratings restated a “sell (e)” rating on shares of Gloo in a research report on Wednesday, July 29th. Wall Street Zen cut shares of Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Citigroup assumed coverage on shares of Gloo in a research note on Monday, July 20th. They set an “outperform” rating on the stock. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Gloo presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.33.

Institutional Trading of Gloo

Several institutional investors have recently made changes to their positions in GLOO. Grace & Mercy Foundation Inc. purchased a new position in Gloo during the fourth quarter valued at approximately $14,225,000. 1492 Capital Management LLC acquired a new stake in shares of Gloo during the 4th quarter valued at $1,627,000. Waverly Advisors LLC acquired a new stake in shares of Gloo during the 1st quarter valued at $1,202,000. Annandale Capital LLC acquired a new position in shares of Gloo in the fourth quarter worth $1,423,000. Finally, Cornerstone Management Inc. acquired a new position in shares of Gloo in the first quarter worth $601,000.

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.