Financial For Luthera Thrivent Sells 6,000 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 6,000 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $3.43, for a total transaction of $20,580.00. Following the sale, the insider owned 4,175,000 shares in the company, valued at $14,320,250. The trade was a 0.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major 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 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 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 transaction 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 transaction 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 shares were 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 stock was sold at an average price of $3.98, for a total value of $51,740.00.

Gloo Stock Performance

GLOO opened at $3.59 on Friday. Gloo Holdings has a 1-year low of $2.94 and a 1-year high of $9.98. The stock has a market cap of $294.77 million and a P/E ratio of -0.63. The stock’s 50 day simple moving average is $4.05 and its 200 day simple moving average is $5.26. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.91.

Gloo (NASDAQ:GLOO) last issued its quarterly earnings data on Monday, June 8th. The company reported ($0.22) earnings per share (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. As a group, equities analysts anticipate that Gloo Holdings will post -0.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Gloo

Hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its holdings in shares of Gloo by 263.4% in the first 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 during the last quarter. Jane Street Group LLC purchased a new stake in shares of Gloo in the fourth quarter valued at $82,000. Beacon Pointe Advisors LLC acquired a new stake in shares of Gloo during the fourth quarter valued at $142,000. Marshall Wace LLP purchased a new stake in Gloo during the 4th quarter worth about $173,000. Finally, HRT Financial LP purchased a new stake in Gloo during the 4th quarter worth about $179,000.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (e)” rating on shares of Gloo in a research note on Wednesday, July 29th. Wall Street Zen cut shares of Gloo from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Citizens Jmp initiated coverage on shares of Gloo in a report on Monday, July 20th. They set an “outperform” rating and a $8.00 target price for the company. Benchmark lifted their target price on shares of Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Finally, Citigroup assumed coverage on shares of Gloo in a report on Monday, July 20th. They issued an “outperform” rating on the stock. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.