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 $3.34, generating $13,360. Following the transaction, it still held 4.131 million shares; the sale was part of a series of recent disposals.
• Gloo shares rose to $3.33, but remain well below the 52-week high of $9.98. The company reported a quarterly loss of $0.22 per share, missing estimates, on revenue of $41.53 million.
• Analyst sentiment is generally positive, with four Buy ratings and one Sell rating, an overall “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 4,000 shares of the company's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $3.34, for a total transaction of $13,360.00. Following the sale, the insider directly owned 4,131,000 shares of the company's stock, valued at $13,797,540. This represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

Financial For Luthera Thrivent also recently made the following trade(s):

• On Monday, August 17th, Financial For Luthera Thrivent sold 2,000 shares of Gloo stock. The shares were 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 transaction of $11,072.00.
• On Wednesday, August 12th, Financial For Luthera Thrivent sold 4,800 shares of Gloo stock. The shares were sold at an average price of $3.42, for a total transaction of $16,416.00.
• On Tuesday, August 11th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The stock was 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 value 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.
• 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 stock was sold at an average price of $3.53, for a total value of $52,950.00.
• 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 value of $72,660.00.

Gloo Stock Performance

Shares of Gloo stock traded up $0.08 on Wednesday, reaching $3.33. The stock had a trading volume of 89,502 shares, compared to its average volume of 159,175. The stock has a market cap of $273.43 million and a P/E ratio of -0.58. 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 Holdings has a fifty-two week low of $2.94 and a fifty-two week high of $9.98. The business's 50-day moving average price is $3.77 and its two-hundred day moving average price is $5.10.

Gloo (NASDAQ:GLOO - Get Free Report) last released its quarterly 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 business had revenue of $41.53 million for the quarter. On average, sell-side analysts forecast that Gloo Holdings will post -0.28 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Citizens Jmp assumed coverage on shares of Gloo in a research note on Monday, July 20th. They set an "outperform" rating and a $8.00 target price for the company. Wall Street Zen downgraded shares of Gloo from a "hold" rating to a "sell" rating in a report on Saturday, May 23rd. Citigroup started coverage on shares of Gloo in a research report on Monday, July 20th. They set an "outperform" rating for the company. 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 note on Tuesday, June 9th. Finally, Weiss Ratings upgraded Gloo from a "sell (e)" rating to a "sell (d-)" rating in a research note on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $13.33.

Institutional Investors Weigh In On Gloo

Institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its stake in shares of Gloo by 263.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company's stock valued at $27,000 after buying an additional 3,996 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Gloo during the 4th quarter valued at about $82,000. 1492 Capital Management LLC increased its stake in Gloo by 5.5% in 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. Beacon Pointe Advisors LLC bought a new stake in Gloo in the fourth quarter valued at about $142,000. Finally, Marshall Wace LLP acquired a new position in Gloo in the fourth quarter worth about $173,000.

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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