Insider Selling: Gloo (NASDAQ:GLOO) Major Shareholder Sells 5,000 Shares

Key Points

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Gloo Holdings (NASDAQ:GLOO - Get Free Report) major shareholder Financial For Luthera Thrivent sold 5,000 shares of the firm's stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $3.34, for a total transaction of $16,700.00. Following the completion of the transaction, the insider directly owned 4,018,000 shares in the company, valued at approximately $13,420,120. This represents a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Major 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, September 14th, Financial For Luthera Thrivent sold 16,000 shares of Gloo stock. The stock was sold at an average price of $3.55, for a total transaction of $56,800.00.
• On Friday, September 11th, Financial For Luthera Thrivent sold 36,000 shares of Gloo stock. The shares were sold at an average price of $3.23, for a total transaction of $116,280.00.
• On Thursday, September 10th, Financial For Luthera Thrivent sold 10,000 shares of Gloo stock. The stock was sold at an average price of $3.03, for a total value of $30,300.00.
• On Wednesday, September 9th, Financial For Luthera Thrivent sold 9,000 shares of Gloo stock. The stock was sold at an average price of $3.25, for a total value of $29,250.00.
• On Tuesday, September 8th, Financial For Luthera Thrivent sold 10,000 shares of Gloo stock. The stock was sold at an average price of $3.20, for a total value of $32,000.00.
• On Friday, September 4th, Financial For Luthera Thrivent sold 5,500 shares of Gloo stock. The shares were sold at an average price of $3.09, for a total transaction of $16,995.00.
• 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 stock was sold at an average price of $3.12, for a total value 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 value 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.

Gloo Trading Down 4.1%

Shares of NASDAQ:GLOO traded down $0.14 during trading on Tuesday, hitting $3.28. 193,499 shares of the company were exchanged, compared to its average volume of 157,325. The company has a quick ratio of 1.21, a current ratio of 1.23 and a debt-to-equity ratio of 0.21. Gloo Holdings has a 12-month low of $2.90 and a 12-month high of $9.98. The firm's 50 day moving average price is $3.29 and its 200-day moving average price is $4.80.

Gloo (NASDAQ:GLOO - Get Free Report) last released its earnings results on Wednesday, September 9th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.14). Gloo had a negative net margin of 81.35% and a negative return on equity of 1,637.91%. The company had revenue of $46.57 million during the quarter. As a group, research analysts anticipate that Gloo Holdings will post -0.65 EPS for the current year.

Hedge Funds Weigh In On Gloo

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its holdings 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 last quarter. Waverly Advisors LLC bought a new stake in Gloo in the first quarter valued at $1,202,000. 1492 Capital Management LLC boosted its holdings in shares of 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 acquiring an additional 15,824 shares during the period. Cornerstone Management Inc. bought a new position in Gloo in the 1st quarter worth about $601,000. Finally, Grace & Mercy Foundation Inc. bought a new stake in shares of Gloo during the fourth quarter valued at approximately $14,225,000.

Analyst Upgrades and Downgrades

GLOO has been the topic of a number of analyst reports. Citizens Jmp reaffirmed a "market outperform" rating and issued a $8.00 price objective on shares of Gloo in a report on Thursday, September 10th. Benchmark lifted 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. Lake Street Capital lowered their target price on shares of Gloo from $12.00 to $8.00 and set a "buy" rating for the company in a research note on Thursday, September 10th. Weiss Ratings lowered Gloo from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Monday. Finally, Wall Street Zen downgraded shares of Gloo from a "hold" rating to a "sell" rating in a report on Sunday. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Gloo currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.00.

About Gloo

Gloo is a technology company that provides digital tools and services for faith-based organizations, including churches, ministries and other community-focused groups. Its platform is designed to help organizations build relationships, communicate with members and supporters, and manage engagement through digital channels.

The company's offerings include customer relationship management capabilities, digital marketing and communications tools, data and analytics services, and technology intended to support ministry operations.

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