Financial For Luthera Thrivent Sells 4,800 Shares of Gloo (NASDAQ:GLOO) Stock

Key Points

• Financial For Luthera Thrivent sold 4,800 Gloo shares at an average price of $3.42, reducing its position by 0.12% to 4.15 million shares. The sale was part of a broader series of recent disposals totaling more than 100,000 shares.
• Gloo shares traded at $3.48, well below their 50-day and 200-day moving averages of $3.86 and $5.17, respectively, and near the lower end of their 52-week range of $2.94 to $9.98.
• Analyst sentiment remains mixed but leans positive, with a consensus “Moderate Buy” rating and a $13.33 price target, despite Gloo reporting a quarterly EPS loss of $0.22 that missed estimates.

Gloo Holdings (NASDAQ:GLOO - Get Free Report) major shareholder Financial For Luthera Thrivent sold 4,800 shares of the company's stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $3.42, for a total value of $16,416.00. Following the sale, the insider owned 4,148,200 shares in the company, valued at approximately $14,186,844. The trade was a 0.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.

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

• 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 shares were sold at an average price of $3.46, for a total value of $11,072.00.
• 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 stock was 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 shares were 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 shares were 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 stock was 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 shares were sold at an average price of $3.23, for a total transaction of $64,600.00.

Gloo Stock Performance

GLOO traded up $0.01 during midday trading on Friday, hitting $3.48. The company had a trading volume of 160,667 shares, compared to its average volume of 149,685. The stock's 50 day moving average price is $3.86 and its 200 day moving average price is $5.17. Gloo Holdings has a 52 week low of $2.94 and a 52 week high of $9.98. The company has a current ratio of 0.94, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11.

Gloo (NASDAQ:GLOO - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $41.53 million for the quarter. As a group, analysts predict that Gloo Holdings will post -0.28 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its holdings in Gloo by 263.4% during 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 in the last quarter. Jane Street Group LLC bought a new position in Gloo during the 4th quarter valued at $82,000. 1492 Capital Management LLC boosted its holdings in Gloo by 5.5% during the 1st quarter. 1492 Capital Management LLC now owns 301,706 shares of the company's stock worth $1,451,000 after acquiring an additional 15,824 shares during the last quarter. Beacon Pointe Advisors LLC purchased a new position in Gloo during the 4th quarter worth $142,000. Finally, Marshall Wace LLP purchased a new stake in shares of Gloo in the fourth quarter valued at about $173,000.

Wall Street Analyst Weigh In

Several research firms have recently commented on GLOO. Citigroup began coverage on Gloo in a report on Monday, July 20th. They set an "outperform" rating 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. Wall Street Zen lowered shares of Gloo from a "hold" rating to a "sell" rating in a research note on Saturday, May 23rd. Weiss Ratings upgraded shares of Gloo from a "sell (e)" rating to a "sell (d-)" rating in a report on Wednesday. Finally, 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 price objective on the stock. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.33.

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.

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