Gloo Holdings (NASDAQ:GLOO – Get Free Report) major shareholder Financial For Luthera Thrivent sold 6,000 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $3.44, for a total transaction of $20,640.00. Following the transaction, the insider owned 4,125,000 shares in the company, valued at approximately $14,190,000. The trade was a 0.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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, August 24th, Financial For Luthera Thrivent sold 479 shares of Gloo stock. The shares were sold at an average price of $3.44, for a total transaction of $1,647.76.
- On Friday, August 21st, Financial For Luthera Thrivent sold 2,000 shares of Gloo stock. The shares were sold at an average price of $3.44, for a total transaction of $6,880.00.
- On Wednesday, August 19th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The stock was sold at an average price of $3.34, for a total transaction of $13,360.00.
- On Monday, August 17th, Financial For Luthera Thrivent sold 2,000 shares of Gloo stock. The shares were sold at an average price of $3.30, for a total transaction of $6,600.00.
- On Friday, August 14th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The shares were 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 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 stock was 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 stock was sold at an average price of $3.52, for a total value 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 shares were sold at an average price of $3.39, for a total value of $23,730.00.
Gloo Stock Performance
Shares of NASDAQ GLOO opened at $3.33 on Tuesday. 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 Holdings has a 12 month low of $2.94 and a 12 month high of $9.98. The stock has a 50 day moving average of $3.70 and a 200-day moving average of $5.06. The company has a market capitalization of $273.43 million and a P/E ratio of -0.58.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the stock. Citizens Jmp initiated coverage on shares of Gloo in a research note on Monday, July 20th. They issued an “outperform” rating and a $8.00 price target on the stock. Citigroup initiated coverage on shares of Gloo in a research report on Monday, July 20th. They set an “outperform” rating for the company. Benchmark upped 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. Wall Street Zen cut Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Finally, Weiss Ratings raised Gloo from a “sell (e)” rating to a “sell (d-)” rating in a report on Wednesday, August 12th. Four 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of $13.33.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in GLOO. Skylands Capital LLC acquired a new stake in shares of Gloo during the 4th quarter valued at $511,000. 1492 Capital Management LLC bought a new position in Gloo in the fourth quarter valued at about $1,627,000. Annandale Capital LLC bought a new position in Gloo in the fourth quarter valued at about $1,423,000. HRT Financial LP acquired a new stake in shares of Gloo during the fourth quarter valued at about $179,000. Finally, Jane Street Group LLC acquired a new stake in shares of Gloo during the fourth quarter valued at about $82,000.
About Gloo
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.
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