Financial For Luthera Thrivent Sells 11,000 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 11,000 shares of Gloo stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $3.76, for a total value of $41,360.00. Following the transaction, the insider directly owned 4,618,000 shares of the company’s stock, valued at approximately $17,363,680. The trade was a 0.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Financial For Luthera Thrivent also recently made the following trade(s):

• On Monday, July 6th, Financial For Luthera Thrivent sold 13,700 shares of Gloo stock. The shares were sold at an average price of $4.01, for a total transaction of $54,937.00.
• On Thursday, July 2nd, Financial For Luthera Thrivent sold 300 shares of Gloo stock. The stock was sold at an average price of $4.64, for a total transaction of $1,392.00.
• On Wednesday, July 1st, Financial For Luthera Thrivent sold 12,000 shares of Gloo stock. The stock was sold at an average price of $4.82, for a total transaction of $57,840.00.
• On Monday, June 29th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The shares were sold at an average price of $4.51, for a total transaction of $18,040.00.
• On Friday, June 26th, Financial For Luthera Thrivent sold 15,600 shares of Gloo stock. The shares were sold at an average price of $4.33, for a total transaction of $67,548.00.
• On Thursday, June 25th, Financial For Luthera Thrivent sold 1,600 shares of Gloo stock. The stock was sold at an average price of $4.21, for a total transaction of $6,736.00.
• On Wednesday, June 24th, Financial For Luthera Thrivent sold 3,800 shares of Gloo stock. The shares were sold at an average price of $4.54, for a total transaction of $17,252.00.
• On Tuesday, June 23rd, Financial For Luthera Thrivent sold 27,859 shares of Gloo stock. The stock was sold at an average price of $4.59, for a total value of $127,872.81.
• On Monday, June 22nd, Financial For Luthera Thrivent sold 430 shares of Gloo stock. The stock was sold at an average price of $4.73, for a total value of $2,033.90.
• On Thursday, June 18th, Financial For Luthera Thrivent sold 6,711 shares of Gloo stock. The shares were sold at an average price of $4.70, for a total value of $31,541.70.

Gloo Stock Performance

Shares of GLOO opened at $3.98 on Thursday. The company has a fifty day simple moving average of $5.25. 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 52-week low of $3.54 and a 52-week high of $9.98. The company has a market cap of $326.80 million and a P/E ratio of -0.70.

Gloo (NASDAQ:GLOO) last announced its earnings results on Monday, June 8th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The firm had revenue of $41.53 million during the quarter. As a group, research analysts predict that Gloo Holdings will post -0.31 EPS for the current fiscal year.

Key Headlines Impacting Gloo

Here are the key news stories impacting Gloo this week:

• Negative Sentiment: Gloo priced an underwritten public offering of 7.0 million Class A shares at $3.25 each, expected to raise about $22.75 million before expenses. New share issuance can dilute existing shareholders and often weighs on the stock. Gloo Announces Pricing of Public Offering of Class A Common Stock
• Negative Sentiment: Thrivent Financial for Lutherans disclosed additional insider selling, including 11,000 shares sold at an average price of $3.76, following prior sales earlier in the week. Repeated insider selling can signal weak near-term sentiment. Financial For Luthera Thrivent Sells 11,000 Shares of Gloo (NASDAQ:GLOO) Stock
• Neutral Sentiment: Market commentary also noted the stock sliding on the public offering news, reinforcing investor concerns that financing activity may be pressuring shares. Gloo Shares Slide on Public Stock Offering

Institutional Trading of Gloo

Several institutional investors and hedge funds have recently made changes to their positions in GLOO. Grace & Mercy Foundation Inc. acquired a new position in shares of Gloo in the 4th quarter valued at $14,225,000. 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 valued at $1,451,000 after purchasing an additional 15,824 shares during the last quarter. Waverly Advisors LLC bought a new stake in Gloo in the first quarter valued at about $1,202,000. Annandale Capital LLC acquired a new position in Gloo in the fourth quarter valued at about $1,423,000. Finally, Cornerstone Management Inc. bought a new position in Gloo during the first quarter worth about $601,000.

Analyst Upgrades and Downgrades

GLOO has been the topic of several research analyst reports. Weiss Ratings raised shares of Gloo from a “sell (e-)” rating to a “sell (e)” rating in a research note on Friday, May 1st. Wall Street Zen downgraded Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Benchmark raised their price target on Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.00.

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.