Gloo (NASDAQ:GLOO) Major Shareholder Sells $39,050.00 in Stock

by · The Markets Daily

Gloo Holdings (NASDAQ:GLOO – Get Free Report) major shareholder Financial For Luthera Thrivent sold 11,000 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $3.55, for a total value of $39,050.00. Following the completion of the sale, the insider directly owned 4,157,000 shares of the company’s stock, valued at approximately $14,757,350. This trade represents a 0.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more 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, 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 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 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 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.
  • 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 transaction 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 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 value of $59,600.00.

Gloo Price Performance

Shares of GLOO stock traded down $0.02 during trading on Tuesday, hitting $3.46. The company’s stock had a trading volume of 88,867 shares, compared to its average volume of 236,397. 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 business has a fifty day moving average of $3.97 and a 200-day moving average of $5.22. Gloo Holdings has a 52 week low of $2.94 and a 52 week high of $9.98.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on GLOO shares. Citigroup began coverage on shares of Gloo in a research report on Monday, July 20th. They set an “outperform” rating for the company. Weiss Ratings reissued a “sell (e)” rating on shares of Gloo in a research report on Wednesday, July 29th. Benchmark lifted their price target on shares of Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Citizens Jmp began coverage on Gloo in a report on Monday, July 20th. They set an “outperform” rating and a $8.00 price objective for the company. Finally, Wall Street Zen downgraded 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 given a Sell rating to the company. According to MarketBeat.com, Gloo has an average rating of “Moderate Buy” and a consensus price target of $13.33.

Check Out Our Latest Analysis on GLOO

Hedge Funds Weigh In On Gloo

Several large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its stake 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 buying an additional 3,996 shares in the last quarter. Waverly Advisors LLC purchased a new position in Gloo in the 1st quarter valued at approximately $1,202,000. 1492 Capital Management LLC grew its stake in Gloo by 5.5% in the 1st quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock valued at $1,451,000 after buying an additional 15,824 shares in the last quarter. Cornerstone Management Inc. bought a new stake in Gloo during the 1st quarter valued at $601,000. Finally, Beacon Pointe Advisors LLC bought a new stake in Gloo during the 4th quarter valued at $142,000.

About Gloo

(Get Free Report)

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.

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