Financial For Luthera Thrivent Sells 3,000 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 3,000 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $3.41, for a total transaction of $10,230.00. Following the completion of the transaction, the insider owned 4,111,000 shares of the company’s stock, valued at $14,018,510. This trade represents a 0.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more 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 Thursday, August 27th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The shares were sold at an average price of $3.37, for a total transaction of $13,480.00.
• 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 transaction of $9,100.00.
• On Tuesday, August 25th, Financial For Luthera Thrivent sold 1,721 shares of Gloo stock. The stock was sold at an average price of $3.35, for a total transaction 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 transaction 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 transaction of $6,880.00.
• On Thursday, August 20th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The shares were 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 stock was 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 stock was 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 shares were sold at an average price of $3.52, for a total value 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 value of $11,072.00.

Gloo Price Performance

Shares of GLOO stock opened at $3.05 on Thursday. The stock has a market cap of $250.44 million and a price-to-earnings ratio of -0.53. The business’s fifty day moving average is $3.50 and its 200 day moving average is $4.95. Gloo Holdings has a twelve month low of $2.94 and a twelve month high of $9.98. The company has a quick ratio of 0.91, a current ratio of 0.94 and a debt-to-equity ratio of 0.11.

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

Hedge Funds Weigh In On Gloo

Large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its position in 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 purchasing an additional 3,996 shares during the last quarter. Jane Street Group LLC purchased a new position in Gloo in the fourth quarter worth about $82,000. Beacon Pointe Advisors LLC purchased a new position in Gloo in the fourth quarter worth about $142,000. Marshall Wace LLP bought a new position in shares of Gloo in the fourth quarter worth approximately $173,000. Finally, HRT Financial LP bought a new position in shares of Gloo in the fourth quarter worth approximately $179,000.

Analyst Ratings Changes

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