Insider Selling: Gloo (NASDAQ:GLOO) Major Shareholder Sells 16,000 Shares of Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 16,000 shares of the company’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $3.55, for a total transaction of $56,800.00. Following the completion of the transaction, the insider owned 4,023,000 shares of the company’s stock, valued at $14,281,650. This trade represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 Tuesday, September 15th, Financial For Luthera Thrivent sold 5,000 shares of Gloo stock. The stock was sold at an average price of $3.34, for a total value of $16,700.00.
• On Friday, September 11th, Financial For Luthera Thrivent sold 36,000 shares of Gloo stock. The shares were sold at an average price of $3.23, for a total transaction of $116,280.00.
• On Thursday, September 10th, Financial For Luthera Thrivent sold 10,000 shares of Gloo stock. The stock was sold at an average price of $3.03, for a total transaction of $30,300.00.
• On Wednesday, September 9th, Financial For Luthera Thrivent sold 9,000 shares of Gloo stock. The stock was sold at an average price of $3.25, for a total transaction of $29,250.00.
• On Tuesday, September 8th, Financial For Luthera Thrivent sold 10,000 shares of Gloo stock. The stock was sold at an average price of $3.20, for a total transaction of $32,000.00.
• On Friday, September 4th, Financial For Luthera Thrivent sold 5,500 shares of Gloo stock. The stock was sold at an average price of $3.09, for a total value of $16,995.00.
• On Thursday, September 3rd, Financial For Luthera Thrivent sold 1,000 shares of Gloo stock. The shares were sold at an average price of $3.06, for a total transaction of $3,060.00.
• On Wednesday, September 2nd, Financial For Luthera Thrivent sold 500 shares of Gloo stock. The stock was sold at an average price of $3.12, for a total value of $1,560.00.
• On Friday, August 28th, Financial For Luthera Thrivent sold 3,000 shares of Gloo stock. The shares were sold at an average price of $3.41, for a total value of $10,230.00.
• On Thursday, August 27th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The stock was sold at an average price of $3.37, for a total value of $13,480.00.

Gloo Price Performance

NASDAQ GLOO traded down $0.14 on Tuesday, hitting $3.28. 193,499 shares of the company traded hands, compared to its average volume of 157,325. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.23 and a quick ratio of 1.21. The business’s 50 day moving average price is $3.29 and its 200-day moving average price is $4.80. Gloo Holdings has a 52-week low of $2.90 and a 52-week high of $9.98.

Gloo (NASDAQ:GLOO) last posted its quarterly earnings data on Wednesday, September 9th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.14). The company had revenue of $46.57 million for the quarter. Gloo had a negative net margin of 81.35% and a negative return on equity of 1,637.91%. On average, equities analysts expect that Gloo Holdings will post -0.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GLOO has been the topic of several recent analyst reports. Lake Street Capital decreased their price objective on shares of Gloo from $12.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th. Benchmark upped their target price on shares of Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Weiss Ratings lowered Gloo from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday. Citigroup initiated coverage on Gloo in a research report on Monday, July 20th. They issued an “outperform” rating on the stock. Finally, Wall Street Zen lowered Gloo from a “hold” rating to a “sell” rating in a research note on Sunday. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.

Institutional Investors Weigh In On Gloo

Several institutional investors and hedge funds have recently modified their holdings of GLOO. Grace & Mercy Foundation Inc. purchased a new position in shares of Gloo in the fourth quarter worth $14,225,000. 1492 Capital Management LLC bought a new stake in Gloo in the 4th quarter valued at $1,627,000. Waverly Advisors LLC purchased a new stake in Gloo in the 1st quarter worth $1,202,000. Cornerstone Management Inc. bought a new position in shares of Gloo during the 1st quarter valued at about $601,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Gloo by 263.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock valued at $27,000 after purchasing an additional 3,996 shares during the last quarter.

About Gloo

Gloo is a technology company that provides digital tools and services for faith-based organizations, including churches, ministries and other community-focused groups. Its platform is designed to help organizations build relationships, communicate with members and supporters, and manage engagement through digital channels.

The company’s offerings include customer relationship management capabilities, digital marketing and communications tools, data and analytics services, and technology intended to support ministry operations.