Financial For Luthera Thrivent Sells 4,800 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 4,800 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $3.42, for a total transaction of $16,416.00. Following the sale, the insider directly owned 4,148,200 shares of the company’s stock, valued at $14,186,844. This represents a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Major 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 Friday, August 14th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The stock was sold at an average price of $3.52, for a total transaction of $21,120.00.
• On Thursday, August 13th, Financial For Luthera Thrivent sold 3,200 shares of Gloo stock. The stock was sold at an average price of $3.46, for a total transaction of $11,072.00.
• 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 transaction 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 transaction 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 transaction 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 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 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 value of $64,600.00.

Gloo Stock Up 0.3%

NASDAQ:GLOO opened at $3.48 on Friday. The firm has a market capitalization of $285.75 million and a price-to-earnings ratio of -0.61. Gloo Holdings has a 1-year low of $2.94 and a 1-year 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 business’s fifty day moving average price is $3.86 and its 200 day moving average price is $5.17.

Gloo (NASDAQ:GLOO) last announced its quarterly earnings data on Monday, June 8th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The business had revenue of $41.53 million during the quarter. On average, sell-side analysts forecast that Gloo Holdings will post -0.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GLOO. Benchmark raised their price target on shares of Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Citigroup began coverage on shares of Gloo in a research note on Monday, July 20th. They issued an “outperform” rating on the stock. Wall Street Zen downgraded shares of Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Weiss Ratings raised shares of Gloo from a “sell (e)” rating to a “sell (d-)” rating in a research note on Wednesday. Finally, 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. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.33.

Institutional Investors Weigh In On Gloo

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings 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 valued at $27,000 after buying an additional 3,996 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Gloo in the 4th quarter valued at approximately $82,000. 1492 Capital Management LLC increased 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 worth $1,451,000 after buying an additional 15,824 shares during the last quarter. Beacon Pointe Advisors LLC bought a new position in Gloo during the fourth quarter valued at approximately $142,000. Finally, Marshall Wace LLP bought a new position in Gloo during the fourth quarter valued at approximately $173,000.

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.