Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 4,000 Shares of Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 4,000 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $3.37, for a total value of $13,480.00. Following the completion of the sale, the insider owned 4,114,000 shares of the company’s stock, valued at $13,864,180. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 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 Wednesday, August 26th, Financial For Luthera Thrivent sold 2,800 shares of Gloo stock. The shares were sold at an average price of $3.25, for a total value of $9,100.00.
• On Tuesday, August 25th, Financial For Luthera Thrivent sold 1,721 shares of Gloo stock. The shares were sold at an average price of $3.35, for a total value of $5,765.35.
• On Monday, August 24th, Financial For Luthera Thrivent sold 479 shares of Gloo stock. The stock was sold at an average price of $3.44, for a total value of $1,647.76.
• On Friday, August 21st, Financial For Luthera Thrivent sold 2,000 shares of Gloo stock. The stock was sold at an average price of $3.44, for a total value of $6,880.00.
• On Thursday, August 20th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The stock was sold at an average price of $3.44, for a total value of $20,640.00.
• On Wednesday, August 19th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The shares were sold at an average price of $3.34, for a total value 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 value of $6,600.00.
• 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 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 transaction of $16,416.00.

Gloo Price Performance

Shares of NASDAQ:GLOO opened at $3.38 on Friday. 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 Holdings has a 1-year low of $2.94 and a 1-year high of $9.98. The company has a market capitalization of $277.54 million and a P/E ratio of -0.59. The firm’s 50 day simple moving average is $3.61 and its two-hundred day simple moving average is $5.02.

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

Hedge Funds Weigh In On Gloo

Several institutional investors have recently bought and sold shares of GLOO. EverSource Wealth Advisors LLC increased its holdings in Gloo by 263.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock valued at $27,000 after acquiring an additional 3,996 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Gloo during the 4th quarter valued at about $82,000. Beacon Pointe Advisors LLC purchased a new position in shares of Gloo during the fourth quarter valued at about $142,000. Marshall Wace LLP purchased a new position in shares of Gloo during the fourth quarter valued at about $173,000. Finally, HRT Financial LP bought a new stake in shares of Gloo in the fourth quarter worth about $179,000.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Citigroup started coverage on Gloo in a research note on Monday, July 20th. They issued an “outperform” rating for the company. Weiss Ratings raised Gloo from a “sell (e)” rating to a “sell (d-)” rating in a research note on Wednesday, August 12th. Benchmark increased their target price on Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Citizens Jmp started coverage on Gloo in a research note on Monday, July 20th. They set an “outperform” rating and a $8.00 target price on the stock. Finally, Wall Street Zen cut Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Gloo presently has an average rating of “Moderate Buy” and an average 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.