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

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 6,000 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $3.52, for a total value of $21,120.00. Following the transaction, the insider directly owned 4,139,000 shares of the company’s stock, valued at approximately $14,569,280. This represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 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 Thursday, August 13th, Financial For Luthera Thrivent sold 3,200 shares of Gloo stock. The shares were sold at an average price of $3.46, for a total transaction of $11,072.00.
• On Wednesday, August 12th, Financial For Luthera Thrivent sold 4,800 shares of Gloo stock. The shares were sold at an average price of $3.42, for a total value 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 value 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 shares were 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 stock was 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 stock was 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 shares were sold at an average price of $3.23, for a total transaction of $64,600.00.

Gloo Stock Performance

Gloo stock opened at $3.48 on Friday. The firm has a market capitalization of $285.74 million and a P/E ratio of -0.61. Gloo Holdings has a 52 week low of $2.94 and a 52 week high of $9.98. The company has a current ratio of 0.94, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11. The stock has a fifty day moving average price of $3.86 and a 200 day moving average price of $5.17.

Gloo (NASDAQ:GLOO) last released its earnings results 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 for the quarter. Equities research analysts anticipate that Gloo Holdings will post -0.28 earnings per share for the current year.

Hedge Funds Weigh In On Gloo

A number of hedge funds have recently modified their holdings of GLOO. Skylands Capital LLC purchased a new stake in shares of Gloo during the fourth quarter valued at $511,000. 1492 Capital Management LLC acquired a new stake in Gloo during the 4th quarter worth about $1,627,000. Annandale Capital LLC acquired a new stake in Gloo during the 4th quarter worth about $1,423,000. HRT Financial LP purchased a new stake in Gloo during the fourth quarter valued at about $179,000. Finally, Jane Street Group LLC acquired a new position in shares of Gloo in the fourth quarter worth about $82,000.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GLOO. Citizens Jmp initiated coverage on Gloo in a research note on Monday, July 20th. They set an “outperform” rating and a $8.00 target price for the company. 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. Wall Street Zen cut shares of Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Weiss Ratings upgraded shares of Gloo from a “sell (e)” rating to a “sell (d-)” rating in a research note on Wednesday. Finally, Citigroup started coverage on Gloo in a report on Monday, July 20th. They set an “outperform” rating on the stock. Four investment 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.