Gloo (NASDAQ:GLOO) Major Shareholder Sells $52,950.00 in Stock

Key Points

• Major shareholder Financial For Luthera Thrivent sold 15,000 Gloo shares at an average price of $3.53, generating $52,950. After the transaction, it still owned approximately 4.18 million shares.
• Thrivent has conducted multiple Gloo stock sales in recent weeks, including 125,000 shares on July 9 and 21,000 shares on August 3, indicating a broader reduction in its position.
• Gloo shares rose 1.5% to $3.41 but remain well below their 50-day and 200-day moving averages. The company recently missed quarterly earnings expectations, while analysts maintain a “Moderate Buy” consensus with a $13.33 price target.

Gloo Holdings (NASDAQ:GLOO - Get Free Report) major shareholder Financial For Luthera Thrivent sold 15,000 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $3.53, for a total transaction of $52,950.00. Following the completion of the transaction, the insider directly owned 4,181,000 shares of the company's stock, valued at approximately $14,758,930. The trade was a 0.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 Thursday, August 6th, Financial For Luthera Thrivent sold 7,000 shares of Gloo stock. The stock was 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 stock was sold at an average price of $3.43, for a total transaction of $20,580.00.
• 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 shares were sold at an average price of $3.14, for a total value 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 value 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 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 value 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 value of $51,740.00.

Gloo Stock Up 1.5%

Shares of Gloo stock traded up $0.05 on Thursday, hitting $3.41. The stock had a trading volume of 142,148 shares, compared to its average volume of 518,653. The stock has a 50 day moving average of $4.09 and a 200 day moving average of $5.27. Gloo Holdings has a twelve month low of $2.94 and a twelve month high of $9.98. 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 (NASDAQ:GLOO - Get Free Report) last posted its earnings results on Monday, June 8th. The company reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.06). The business had revenue of $41.53 million for the quarter. As a group, equities research analysts forecast that Gloo Holdings will post -0.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gloo

Several large investors have recently added to or reduced their stakes in GLOO. EverSource Wealth Advisors LLC increased its holdings in Gloo by 263.4% in the first quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company's stock worth $27,000 after purchasing an additional 3,996 shares in the last quarter. Waverly Advisors LLC acquired a new stake in shares of Gloo during the 1st quarter worth approximately $1,202,000. 1492 Capital Management LLC grew its position in shares of 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 buying an additional 15,824 shares during the period. Cornerstone Management Inc. bought a new stake in shares of Gloo in the 1st quarter valued at $601,000. Finally, Beacon Pointe Advisors LLC bought a new stake in shares of Gloo in the 4th quarter valued at $142,000.

Analysts Set New Price Targets

GLOO has been the subject of several analyst reports. Weiss Ratings reaffirmed a "sell (e)" rating on shares of Gloo in a research report on Wednesday, July 29th. Citizens Jmp initiated coverage on Gloo in a research report on Monday, July 20th. They issued an "outperform" rating and a $8.00 price target on the stock. Benchmark increased their target price on shares of Gloo from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Tuesday, June 9th. Citigroup began coverage on shares of Gloo in a research note on Monday, July 20th. They issued an "outperform" rating on the stock. Finally, Wall Street Zen cut shares of 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 assigned a Sell rating to the company. Based on data from MarketBeat, Gloo currently 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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