Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 5,500 Shares

Key Points

• Major shareholder Financial For Luthera Thrivent sold 5,500 Gloo shares at an average price of $3.09, generating $16,995. After the sale, it still owned 4.104 million shares, valued at approximately $12.68 million.
• Gloo shares rose 1.3% to $3.10, but remain near their 52-week low of $2.94 and well below the 52-week high of $9.98. The company reported a quarterly loss of $0.22 per share, missing analyst expectations.
• Analyst sentiment remains mixed but leans positive, with four Buy ratings and one Sell rating. The consensus price target is $13.33, including targets of $15 from Benchmark and $8 from Citizens JMP.

Gloo Holdings (NASDAQ:GLOO - Get Free Report) major shareholder Financial For Luthera Thrivent sold 5,500 shares of the firm's stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $3.09, for a total transaction of $16,995.00. Following the sale, the insider owned 4,104,000 shares of the company's stock, valued at approximately $12,681,360. This represents a 0.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own more than 10% 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 Thursday, September 3rd, Financial For Luthera Thrivent sold 1,000 shares of Gloo stock. The stock was sold at an average price of $3.06, for a total transaction of $3,060.00.
• On Wednesday, September 2nd, Financial For Luthera Thrivent sold 500 shares of Gloo stock. The shares were sold at an average price of $3.12, for a total transaction of $1,560.00.
• On Friday, August 28th, Financial For Luthera Thrivent sold 3,000 shares of Gloo stock. The shares were sold at an average price of $3.41, for a total transaction of $10,230.00.
• On Thursday, August 27th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The shares were sold at an average price of $3.37, for a total transaction of $13,480.00.
• On Wednesday, August 26th, Financial For Luthera Thrivent sold 2,800 shares of Gloo stock. The stock was sold at an average price of $3.25, for a total value of $9,100.00.
• On Tuesday, August 25th, Financial For Luthera Thrivent sold 1,721 shares of Gloo stock. The shares were sold at an average price of $3.35, for a total value of $5,765.35.
• On Monday, August 24th, Financial For Luthera Thrivent sold 479 shares of Gloo stock. The stock was sold at an average price of $3.44, for a total value of $1,647.76.
• On Friday, August 21st, Financial For Luthera Thrivent sold 2,000 shares of Gloo stock. The shares were sold at an average price of $3.44, for a total value of $6,880.00.
• On Thursday, August 20th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The shares were sold at an average price of $3.44, for a total value of $20,640.00.
• On Wednesday, August 19th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The shares were sold at an average price of $3.34, for a total transaction of $13,360.00.

Gloo Stock Up 1.3%

NASDAQ GLOO traded up $0.04 during trading on Friday, reaching $3.10. The company's stock had a trading volume of 110,320 shares, compared to its average volume of 154,790. The company has a current ratio of 0.94, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $254.54 million and a PE ratio of -0.54. Gloo Holdings has a 1-year low of $2.94 and a 1-year high of $9.98. The business has a 50-day moving average price of $3.45 and a 200-day moving average price of $4.92.

Gloo (NASDAQ:GLOO - Get Free Report) last released its quarterly 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 firm had revenue of $41.53 million for the quarter. On average, research analysts forecast that Gloo Holdings will post -0.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its stake in shares of 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 acquiring an additional 3,996 shares during the last quarter. Jane Street Group LLC acquired a new position in Gloo during the 4th quarter valued at $82,000. Beacon Pointe Advisors LLC bought a new stake in Gloo in the 4th quarter valued at $142,000. Marshall Wace LLP acquired a new stake in Gloo in the 4th quarter worth $173,000. Finally, HRT Financial LP acquired a new stake in Gloo in the 4th quarter worth $179,000.

Analysts Set New Price Targets

Several analysts have recently issued reports on GLOO shares. Benchmark upped their price target on Gloo from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Tuesday, June 9th. Weiss Ratings upgraded Gloo from a "sell (e)" rating to a "sell (d-)" rating in a report on Wednesday, August 12th. Citigroup assumed coverage on shares of Gloo in a report on Monday, July 20th. They set an "outperform" rating for the company. Wall Street Zen lowered shares of Gloo from a "hold" rating to a "sell" rating in a research note on Saturday, May 23rd. Finally, Citizens Jmp began coverage on shares of Gloo in a report on Monday, July 20th. They issued an "outperform" rating and a $8.00 target price on the stock. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Gloo currently has an average rating of "Moderate Buy" and a consensus target price 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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