Gloo Holdings (NASDAQ:GLOO – Get Free Report) major shareholder Financial For Luthera Thrivent sold 5,000 shares of Gloo stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $3.34, for a total value of $16,700.00. Following the transaction, the insider owned 4,018,000 shares of the company’s stock, valued at $13,420,120. This trade represents a 0.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 Monday, September 14th, Financial For Luthera Thrivent sold 16,000 shares of Gloo stock. The stock was sold at an average price of $3.55, for a total value of $56,800.00.
- 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 value 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 value of $30,300.00.
- On Wednesday, September 9th, Financial For Luthera Thrivent sold 9,000 shares of Gloo stock. The shares were sold at an average price of $3.25, for a total value of $29,250.00.
- On Tuesday, September 8th, Financial For Luthera Thrivent sold 10,000 shares of Gloo stock. The shares were sold at an average price of $3.20, for a total value of $32,000.00.
- On Friday, September 4th, Financial For Luthera Thrivent sold 5,500 shares of Gloo stock. The stock was 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 transaction of $3,060.00.
- On Wednesday, September 2nd, Financial For Luthera Thrivent sold 500 shares of Gloo stock. The shares were sold at an average price of $3.12, for a total transaction 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 transaction 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 transaction of $13,480.00.
Gloo Trading Down 4.1%
Shares of GLOO stock opened at $3.28 on Wednesday. Gloo Holdings has a 52-week low of $2.90 and a 52-week 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. The company has a 50-day simple moving average of $3.29 and a two-hundred day simple moving average of $4.80. The company has a market capitalization of $269.32 million and a price-to-earnings ratio of -0.45.
Wall Street Analyst Weigh In
A number of analysts recently commented on GLOO shares. Citizens Jmp reiterated a “market outperform” rating and set a $8.00 price target on shares of Gloo in a report on Thursday, September 10th. Benchmark raised their target price on Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Weiss Ratings cut Gloo from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday. Citigroup started coverage on shares of Gloo in a report on Monday, July 20th. They issued an “outperform” rating on the stock. Finally, Wall Street Zen lowered shares of Gloo from a “hold” rating to a “sell” rating in a research report on Sunday. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $12.00.
Check Out Our Latest Report on Gloo
Institutional Trading of Gloo
A number of large investors have recently bought and sold shares of GLOO. Grace & Mercy Foundation Inc. bought a new stake in shares of Gloo in the fourth quarter valued at $14,225,000. Cornerstone Management Inc. bought a new position in shares of Gloo during the 1st quarter worth $601,000. Waverly Advisors LLC purchased a new stake in Gloo in the 1st quarter worth about $1,202,000. 1492 Capital Management LLC bought a new stake in Gloo in the 4th quarter valued at about $1,627,000. Finally, EverSource Wealth Advisors LLC boosted its position in Gloo by 263.4% during the first quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock worth $27,000 after purchasing an additional 3,996 shares during the period.
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.
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