Financial For Luthera Thrivent Sells 4,000 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 4,000 shares of Gloo stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $3.34, for a total value of $13,360.00. Following the transaction, the insider owned 4,131,000 shares in the company, valued at $13,797,540. This represents a 0.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own more than 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, August 17th, Financial For Luthera Thrivent sold 2,000 shares of Gloo stock. The shares were 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 stock was 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 stock was sold at an average price of $3.46, for a total value of $11,072.00.
• 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 value of $16,416.00.
• On Tuesday, August 11th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The shares were sold at an average price of $3.52, for a total value 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 value of $39,050.00.
• On Thursday, August 6th, Financial For Luthera Thrivent sold 7,000 shares of Gloo stock. The stock was 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 stock was sold at an average price of $3.43, for a total transaction of $20,580.00.
• 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 transaction 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 transaction of $72,660.00.

Gloo Stock Up 2.4%

Gloo stock opened at $3.41 on Friday. Gloo Holdings has a twelve month low of $2.94 and a twelve month high of $9.98. 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 firm has a market cap of $280.00 million and a PE ratio of -0.60. The firm’s 50 day moving average price is $3.74 and its two-hundred day moving average price is $5.09.

Gloo (NASDAQ:GLOO) last issued its earnings results on Monday, June 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The business had revenue of $41.53 million for the quarter. On average, research analysts predict that Gloo Holdings will post -0.28 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on GLOO. Citigroup initiated coverage on Gloo in a research report on Monday, July 20th. They set an “outperform” rating for the company. Citizens Jmp started coverage on Gloo in a research note on Monday, July 20th. They set an “outperform” rating and a $8.00 price target for the company. Benchmark lifted 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. Wall Street Zen lowered Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Finally, Weiss Ratings raised Gloo from a “sell (e)” rating to a “sell (d-)” rating in a research note on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Gloo has a consensus rating of “Moderate Buy” and a consensus target price of $13.33.

Hedge Funds Weigh In On Gloo

Several institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted 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 worth $27,000 after buying an additional 3,996 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Gloo in the 4th quarter valued at approximately $82,000. Beacon Pointe Advisors LLC bought a new position in shares of Gloo in the 4th quarter valued at approximately $142,000. Marshall Wace LLP acquired a new stake in Gloo in the 4th quarter worth approximately $173,000. Finally, HRT Financial LP acquired a new stake in Gloo in the 4th quarter worth approximately $179,000.

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.