Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 13,000 Shares of Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $3.98, for a total value of $51,740.00. Following the completion of the transaction, the insider directly owned 4,605,000 shares in the company, valued at $18,327,900. This trade represents a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more 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 Friday, July 10th, Financial For Luthera Thrivent sold 20,000 shares of Gloo stock. The shares were sold at an average price of $2.98, for a total value of $59,600.00.
• On Thursday, July 9th, Financial For Luthera Thrivent sold 125,000 shares of Gloo stock. The stock was sold at an average price of $3.08, for a total value of $385,000.00.
• On Tuesday, July 7th, Financial For Luthera Thrivent sold 11,000 shares of Gloo stock. The shares were sold at an average price of $3.76, for a total transaction of $41,360.00.
• 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 shares were 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 stock was 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.

Gloo Stock Down 3.0%

Shares of Gloo stock traded down $0.09 during trading hours on Friday, hitting $2.95. 927,805 shares of the company’s stock traded hands, compared to its average volume of 249,673. The stock has a 50 day moving average of $5.10. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.94. The stock has a market cap of $242.22 million and a P/E ratio of -0.52. Gloo Holdings has a twelve month low of $2.94 and a twelve month high of $9.98.

Gloo (NASDAQ:GLOO) last released its quarterly 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 company had revenue of $41.53 million during the quarter. As a group, equities research analysts predict that Gloo Holdings will post -0.31 EPS for the current year.

Gloo News Roundup

Here are the key news stories impacting Gloo this week:

• Positive Sentiment: CEO Scott Arthur Beck bought 1,076,923 shares at $3.25, a large insider purchase that suggests management sees value in the stock. CEO Insider Purchase Filing
• Positive Sentiment: Director Derek Todd Green bought 615,384 shares at $3.25, adding to the bullish insider-buying signal. Director Insider Purchase Filing
• Neutral Sentiment: The company said it priced a 7 million-share public offering at $3.25 per share, bringing in about $22.75 million before expenses. Public Offering Announcement
• Negative Sentiment: Major shareholder Financial For Luthera Thrivent sold shares in recent filings, which can add to investor concern about near-term conviction. Shareholder Sale Filing
• Negative Sentiment: A recent report highlighting Gloo’s $48 million in losses is likely weighing on sentiment as investors focus on profitability and funding needs. Losses Report

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on GLOO shares. Wall Street Zen cut Gloo from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Benchmark lifted their price target on shares of Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Finally, Weiss Ratings raised shares of Gloo from a “sell (e-)” rating to a “sell (e)” rating in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $16.00.

Institutional Trading of Gloo

Several hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its stake in Gloo by 263.4% during the first quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock valued at $27,000 after buying an additional 3,996 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Gloo in the 4th quarter worth approximately $82,000. Beacon Pointe Advisors LLC acquired a new position in shares of Gloo in the 4th quarter worth approximately $142,000. Marshall Wace LLP bought a new stake in shares of Gloo in the 4th quarter valued at approximately $173,000. Finally, HRT Financial LP bought a new stake in shares of Gloo in the 4th quarter valued at approximately $179,000.

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.