Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 6,000 Shares

Key Points

• Major shareholder Financial For Luthera Thrivent sold 6,000 Gloo shares at an average price of $3.44, reducing its position by 0.15% to 4.125 million shares. The sale was part of a series of recent disposals disclosed to the SEC.
• Gloo shares traded at $3.33, near the lower end of their 52-week range, while the company’s latest quarterly loss of $0.22 per share missed analyst expectations 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 an average price target of $13.33.

Gloo Holdings (NASDAQ:GLOO - Get Free Report) major shareholder Financial For Luthera Thrivent sold 6,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $3.44, for a total transaction of $20,640.00. Following the sale, the insider directly owned 4,125,000 shares of the company's stock, valued at $14,190,000. The trade was a 0.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% 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 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 transaction 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 Wednesday, August 19th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The stock was sold at an average price of $3.34, for a total value of $13,360.00.
• On Monday, August 17th, Financial For Luthera Thrivent sold 2,000 shares of Gloo stock. The stock was sold at an average price of $3.30, for a total value of $6,600.00.
• On Friday, August 14th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The shares were 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 stock was sold at an average price of $3.46, for a total value of $11,072.00.
• On Wednesday, August 12th, Financial For Luthera Thrivent sold 4,800 shares of Gloo stock. The stock was sold at an average price of $3.42, for a total value of $16,416.00.
• 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 transaction 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 transaction 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.

Gloo Stock Performance

Shares of NASDAQ GLOO traded down $0.11 during midday trading on Monday, reaching $3.33. The company had a trading volume of 64,917 shares, compared to its average volume of 157,722. Gloo Holdings has a 1 year low of $2.94 and a 1 year high of $9.98. The business's 50-day simple moving average is $3.70 and its 200 day simple moving average is $5.06. 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 cap of $273.43 million and a P/E ratio of -0.58.

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on GLOO shares. Benchmark increased their price target on shares of Gloo from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Tuesday, June 9th. Citizens Jmp started coverage on shares of Gloo in a report on Monday, July 20th. They issued an "outperform" rating and a $8.00 price objective on the stock. Weiss Ratings upgraded shares of Gloo from a "sell (e)" rating to a "sell (d-)" rating in a research note on Wednesday, August 12th. Wall Street Zen cut shares of Gloo from a "hold" rating to a "sell" rating in a report on Saturday, May 23rd. Finally, Citigroup initiated coverage on shares of Gloo in a research report on Monday, July 20th. They set an "outperform" rating for the company. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $13.33.

Institutional Investors Weigh In On Gloo

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

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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