Gloo (NASDAQ:GLOO) Major Shareholder Sells $11,072.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 3,200 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $3.46, for a total value of $11,072.00. Following the completion of the sale, the insider directly owned 4,145,000 shares in the company, valued at $14,341,700. This represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 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 Wednesday, August 12th, Financial For Luthera Thrivent sold 4,800 shares of Gloo stock. The shares were sold at an average price of $3.42, for a total transaction 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 transaction 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 transaction 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 transaction of $23,730.00.
• On Wednesday, August 5th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The shares were sold at an average price of $3.43, for a total value of $20,580.00.
• On Tuesday, August 4th, Financial For Luthera Thrivent sold 15,000 shares of Gloo stock. The stock was sold at an average price of $3.53, for a total value of $52,950.00.
• On Monday, August 3rd, Financial For Luthera Thrivent sold 21,000 shares of Gloo stock. The shares were sold at an average price of $3.46, for a total value of $72,660.00.
• On Thursday, July 30th, Financial For Luthera Thrivent sold 6,600 shares of Gloo stock. The shares were sold at an average price of $3.14, for a total value of $20,724.00.
• On Friday, July 31st, Financial For Luthera Thrivent sold 20,000 shares of Gloo stock. The stock was sold at an average price of $3.23, for a total value of $64,600.00.

Gloo Stock Performance

NASDAQ:GLOO opened at $3.48 on Monday. The stock has a market cap of $285.74 million and a price-to-earnings ratio of -0.61. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.94. Gloo Holdings has a 1 year low of $2.94 and a 1 year high of $9.98. The business has a fifty day moving average of $3.86 and a 200-day moving average of $5.16.

Gloo (NASDAQ:GLOO) last posted its quarterly earnings data on Monday, June 8th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The company had revenue of $41.53 million for the quarter. Equities analysts predict that Gloo Holdings will post -0.28 earnings per share for the current year.

Institutional Investors Weigh In On Gloo

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Grace & Mercy Foundation Inc. acquired a new position in shares of Gloo in the 4th quarter valued at $14,225,000. Cornerstone Management Inc. purchased a new stake in Gloo during the first quarter valued at about $601,000. Waverly Advisors LLC acquired a new position in shares of Gloo in the first quarter worth about $1,202,000. Skylands Capital LLC acquired a new position in shares of Gloo in the fourth quarter worth about $511,000. Finally, 1492 Capital Management LLC purchased a new position in shares of Gloo in the fourth quarter worth approximately $1,627,000.

Wall Street Analysts Forecast Growth

GLOO has been the topic of several research analyst reports. Citizens Jmp started coverage on Gloo in a research report on Monday, July 20th. They set an “outperform” rating and a $8.00 price target on the stock. Weiss Ratings raised Gloo from a “sell (e)” rating to a “sell (d-)” rating in a report on Wednesday. Benchmark boosted their price target on shares of Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Citigroup started coverage on shares of Gloo in a report on Monday, July 20th. They issued an “outperform” rating for the company. Finally, Wall Street Zen lowered shares of Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.