Insider Selling: Gloo (NASDAQ:GLOO) Major Shareholder Sells $20,580.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 6,000 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $3.43, for a total value of $20,580.00. Following the completion of the transaction, the insider directly owned 4,175,000 shares of the company’s stock, valued at approximately $14,320,250. The trade was a 0.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• 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 value of $23,730.00.
• On Tuesday, August 4th, Financial For Luthera Thrivent sold 15,000 shares of Gloo stock. The shares were 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 stock was 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 shares were sold at an average price of $3.23, for a total transaction of $64,600.00.
• On Wednesday, July 29th, Financial For Luthera Thrivent sold 1,000 shares of Gloo stock. The stock was sold at an average price of $3.14, for a total transaction of $3,140.00.
• On Wednesday, July 22nd, Financial For Luthera Thrivent sold 100 shares of Gloo stock. The shares were sold at an average price of $3.37, for a total transaction of $337.00.
• On Friday, July 10th, Financial For Luthera Thrivent sold 20,000 shares of Gloo stock. The stock was sold at an average price of $2.98, for a total transaction 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 transaction of $385,000.00.
• On Wednesday, July 8th, Financial For Luthera Thrivent sold 13,000 shares of Gloo stock. The shares were sold at an average price of $3.98, for a total transaction of $51,740.00.

Gloo Trading Up 1.5%

Shares of GLOO traded up $0.05 during trading hours on Thursday, reaching $3.41. The stock had a trading volume of 142,148 shares, compared to its average volume of 518,653. 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 Holdings has a 52 week low of $2.94 and a 52 week high of $9.98. The firm has a 50-day moving average of $4.09 and a 200 day moving average of $5.27. The company has a market cap of $280.00 million and a P/E ratio of -0.60.

Gloo (NASDAQ:GLOO) last posted its earnings results 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 business had revenue of $41.53 million during the quarter. On average, sell-side analysts expect that Gloo Holdings will post -0.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GLOO has been the topic of several research analyst reports. Citigroup assumed coverage on shares of Gloo in a report on Monday, July 20th. They set an “outperform” rating on the stock. Wall Street Zen lowered shares of Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Citizens Jmp started coverage on shares of Gloo in a research note on Monday, July 20th. They issued an “outperform” rating and a $8.00 target price for the company. Benchmark increased their target price on Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Finally, Weiss Ratings restated a “sell (e)” rating on shares of Gloo in a report on Wednesday, July 29th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Gloo presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.33.

Institutional Investors Weigh In On Gloo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its position in shares of Gloo by 263.4% in the first 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 Gloo in the fourth quarter valued at approximately $82,000. Beacon Pointe Advisors LLC acquired a new position in shares of Gloo during the 4th quarter worth approximately $142,000. Marshall Wace LLP bought a new stake in shares of Gloo during the 4th quarter worth approximately $173,000. Finally, HRT Financial LP bought a new position in shares of Gloo in the fourth quarter valued at $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.