Financial For Luthera Thrivent Sells 11,000 Shares of Gloo (NASDAQ:GLOO) Stock

Key Points

• Financial For Luthera Thrivent sold 11,000 Gloo shares at an average price of $3.55, generating $39,050; it still owned 4.157 million shares afterward. The sale was part of a broader series of recent disposals.
• Gloo shares traded at $3.46, well below their 50-day and 200-day moving averages, and remain near the lower end of their 52-week range. The company reported a quarterly loss of $0.22 per share, missing estimates of a $0.16 loss.
• Analyst sentiment remains mixed but leans positive: four analysts rate Gloo a Buy and one rates it Sell, producing a “Moderate Buy” consensus and a $13.33 average price target versus the current price.

Gloo Holdings (NASDAQ:GLOO - Get Free Report) major shareholder Financial For Luthera Thrivent sold 11,000 shares of the business's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $3.55, for a total transaction of $39,050.00. Following the completion of the transaction, the insider owned 4,157,000 shares of the company's stock, valued at $14,757,350. The trade was a 0.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 Tuesday, August 11th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The stock was 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 stock was 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 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.
• On Thursday, July 30th, Financial For Luthera Thrivent sold 6,600 shares of Gloo stock. The stock was 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 value of $64,600.00.
• On Wednesday, July 29th, Financial For Luthera Thrivent sold 1,000 shares of Gloo stock. The shares were sold at an average price of $3.14, for a total value of $3,140.00.
• On Wednesday, July 22nd, Financial For Luthera Thrivent sold 100 shares of Gloo stock. The stock was 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.

Gloo Price Performance

NASDAQ GLOO traded down $0.02 on Tuesday, reaching $3.46. The company had a trading volume of 88,867 shares, compared to its average volume of 236,397. The business has a 50 day moving average of $3.97 and a two-hundred day moving average of $5.22. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.94. Gloo Holdings has a fifty-two week low of $2.94 and a fifty-two week high of $9.98.

Gloo (NASDAQ:GLOO - Get Free Report) last posted its quarterly earnings data 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, sell-side analysts anticipate that Gloo Holdings will post -0.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on GLOO shares. Citizens Jmp initiated coverage on Gloo in a report on Monday, July 20th. They set an "outperform" rating and a $8.00 price target for the company. Wall Street Zen cut Gloo from a "hold" rating to a "sell" rating in a research note on Saturday, May 23rd. Weiss Ratings reiterated a "sell (e)" rating on shares of Gloo in a report on Wednesday, July 29th. Citigroup began coverage on Gloo in a report on Monday, July 20th. They set an "outperform" rating on the stock. Finally, Benchmark lifted their price objective on shares of Gloo from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Tuesday, June 9th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $13.33.

Institutional Trading of Gloo

Large investors have recently made changes to their positions in the company. Grace & Mercy Foundation Inc. acquired a new position in Gloo during the 4th quarter worth approximately $14,225,000. 1492 Capital Management LLC grew its position 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 purchasing an additional 15,824 shares during the period. Waverly Advisors LLC acquired a new position in Gloo during the first quarter worth $1,202,000. Annandale Capital LLC bought a new position in shares of Gloo in the fourth quarter valued at $1,423,000. Finally, Cornerstone Management Inc. acquired a new position in shares of Gloo during the first quarter valued at about $601,000.

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.

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