Insider Selling: Gloo (NASDAQ:GLOO) Major Shareholder Sells 4,000 Shares of Stock

Key Points

• Major shareholder Financial For Luthera Thrivent sold 4,000 Gloo shares at an average price of $3.52, generating $14,080. The investor retained 4.153 million shares and has made several additional sales in recent weeks.
• GLOO shares fell 0.6% to $3.46, well below their 50-day average of $3.97 and 200-day average of $5.22. The stock has traded between $2.94 and $9.98 over the past year.
• Gloo recently missed quarterly earnings expectations, reporting a loss of $0.22 per share versus the expected $0.16 loss. Despite mixed analyst views, the stock has a “Moderate Buy” consensus rating and an average price target of $13.33.

Gloo Holdings (NASDAQ:GLOO - Get Free Report) major shareholder Financial For Luthera Thrivent sold 4,000 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $3.52, for a total value of $14,080.00. Following the completion of the sale, the insider owned 4,153,000 shares of the company's stock, valued at approximately $14,618,560. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more 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 Friday, August 7th, Financial For Luthera Thrivent sold 11,000 shares of Gloo stock. The shares were sold at an average price of $3.55, for a total value of $39,050.00.
• 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 value of $23,730.00.
• On Wednesday, August 5th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The shares were sold at an average price of $3.43, for a total transaction of $20,580.00.
• 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 shares were 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 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 shares were 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 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.

Gloo Stock Down 0.6%

GLOO stock traded down $0.02 during midday trading on Tuesday, hitting $3.46. 88,867 shares of the company's stock were exchanged, compared to its average volume of 236,397. The firm has a 50 day moving average price of $3.97 and a 200-day moving average price of $5.22. Gloo Holdings has a 12-month low of $2.94 and a 12-month high of $9.98. The stock has a market capitalization of $284.10 million and a price-to-earnings ratio of -0.61. The company has a current ratio of 0.94, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11.

Gloo (NASDAQ:GLOO - Get Free Report) last released its earnings results on Monday, June 8th. The company reported ($0.22) 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. On average, analysts anticipate that Gloo Holdings will post -0.28 EPS for the current year.

Analyst Ratings Changes

GLOO has been the subject of several research analyst reports. Benchmark upped their target price on shares of Gloo from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Tuesday, June 9th. Weiss Ratings reiterated a "sell (e)" rating on shares of Gloo in a report on Wednesday, July 29th. Wall Street Zen cut Gloo from a "hold" rating to a "sell" rating in a research note on Saturday, May 23rd. 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 for the company. Finally, Citigroup began coverage on shares of Gloo in a research note on Monday, July 20th. They set an "outperform" rating for the company. Four investment 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 has a consensus rating of "Moderate Buy" and an average price target of $13.33.

Institutional Investors Weigh In On Gloo

Large investors have recently added to or reduced their stakes in the stock. Grace & Mercy Foundation Inc. bought a new stake in Gloo in the fourth quarter valued at $14,225,000. 1492 Capital Management LLC grew its position 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 worth $1,451,000 after acquiring an additional 15,824 shares during the last quarter. Waverly Advisors LLC acquired a new stake in shares of Gloo in the 1st quarter worth about $1,202,000. Annandale Capital LLC bought a new stake in Gloo in the 4th quarter valued at about $1,423,000. Finally, Cornerstone Management Inc. bought a new stake in Gloo in the 1st quarter valued at about $601,000.

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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