Financial For Luthera Thrivent Sells 6,000 Shares of Gloo (NASDAQ:GLOO) Stock

Key Points

• Major shareholder Financial For Luthera Thrivent sold 6,000 Gloo shares for $20,580 at an average price of $3.43, reducing its position by 0.14% to 4.175 million shares. The sale follows multiple recent transactions totaling substantial additional share disposals.
• Gloo shares rose 1.5% to $3.41, but remain well below their 50-day and 200-day moving averages of $4.09 and $5.27. The company reported a quarterly loss of $0.22 per share, missing estimates, on revenue of $41.53 million.
• Analyst sentiment is mixed but leans positive, with four Buy ratings and one Sell rating producing a “Moderate Buy” consensus and an average price target of $13.33, substantially above the current share price.

Gloo Holdings (NASDAQ:GLOO - Get Free Report) major shareholder Financial For Luthera Thrivent sold 6,000 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $3.43, for a total value of $20,580.00. Following the completion of the transaction, the insider owned 4,175,000 shares of the company's stock, valued at $14,320,250. This trade represents a 0.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major 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 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 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 value 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 transaction 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 value of $337.00.
• On Friday, July 10th, Financial For Luthera Thrivent sold 20,000 shares of Gloo stock. The shares were sold at an average price of $2.98, for a total value of $59,600.00.
• On Thursday, July 9th, Financial For Luthera Thrivent sold 125,000 shares of Gloo stock. The shares were sold at an average price of $3.08, for a total transaction of $385,000.00.
• On Wednesday, July 8th, Financial For Luthera Thrivent sold 13,000 shares of Gloo stock. The stock was sold at an average price of $3.98, for a total transaction of $51,740.00.

Gloo Stock Up 1.5%

NASDAQ:GLOO traded up $0.05 during trading hours on Thursday, reaching $3.41. The company's stock had a trading volume of 142,148 shares, compared to its average volume of 518,653. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.91. The company has a market cap of $280.00 million and a price-to-earnings ratio of -0.60. Gloo Holdings has a one year low of $2.94 and a one year high of $9.98. The business's 50-day moving average is $4.09 and its 200-day moving average is $5.27.

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

Institutional Trading of Gloo

Hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in shares of Gloo by 263.4% during the first 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 period. Jane Street Group LLC acquired a new stake in Gloo during the fourth quarter worth $82,000. Beacon Pointe Advisors LLC acquired a new stake in Gloo during the fourth quarter worth $142,000. Marshall Wace LLP acquired a new position in shares of Gloo in the 4th quarter valued at $173,000. Finally, HRT Financial LP bought a new position in shares of Gloo during the 4th quarter worth about $179,000.

Analyst Upgrades and Downgrades

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

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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