Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 11,000 Shares

Gloo Holdings (NASDAQ:GLOOGet Free Report) major shareholder Financial For Luthera Thrivent sold 11,000 shares of the business’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $3.76, for a total transaction of $41,360.00. Following the completion of the sale, the insider owned 4,618,000 shares in the company, valued at $17,363,680. This represents a 0.24% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 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, July 6th, Financial For Luthera Thrivent sold 13,700 shares of Gloo stock. The stock was sold at an average price of $4.01, for a total transaction of $54,937.00.
  • On Thursday, July 2nd, Financial For Luthera Thrivent sold 300 shares of Gloo stock. The shares were sold at an average price of $4.64, for a total transaction of $1,392.00.
  • On Wednesday, July 1st, Financial For Luthera Thrivent sold 12,000 shares of Gloo stock. The shares were sold at an average price of $4.82, for a total transaction of $57,840.00.
  • On Monday, June 29th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The stock was sold at an average price of $4.51, for a total transaction of $18,040.00.
  • On Friday, June 26th, Financial For Luthera Thrivent sold 15,600 shares of Gloo stock. The shares were sold at an average price of $4.33, for a total transaction of $67,548.00.
  • On Thursday, June 25th, Financial For Luthera Thrivent sold 1,600 shares of Gloo stock. The shares were sold at an average price of $4.21, for a total value of $6,736.00.
  • On Wednesday, June 24th, Financial For Luthera Thrivent sold 3,800 shares of Gloo stock. The shares were sold at an average price of $4.54, for a total value of $17,252.00.
  • On Tuesday, June 23rd, Financial For Luthera Thrivent sold 27,859 shares of Gloo stock. The stock was sold at an average price of $4.59, for a total value of $127,872.81.
  • On Monday, June 22nd, Financial For Luthera Thrivent sold 430 shares of Gloo stock. The stock was sold at an average price of $4.73, for a total value of $2,033.90.
  • On Thursday, June 18th, Financial For Luthera Thrivent sold 6,711 shares of Gloo stock. The shares were sold at an average price of $4.70, for a total value of $31,541.70.

Gloo Stock Down 5.0%

Gloo stock opened at $3.78 on Wednesday. The firm has a 50-day simple moving average of $5.30. The company has a market capitalization of $310.38 million and a PE ratio of -0.66. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.91. Gloo Holdings has a 12-month low of $3.54 and a 12-month high of $9.98.

Gloo (NASDAQ:GLOOGet Free Report) last issued its quarterly earnings data on Monday, June 8th. The company reported ($0.22) 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. As a group, sell-side analysts anticipate that Gloo Holdings will post -0.31 EPS for the current year.

Institutional Investors Weigh In On Gloo

Institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its stake in Gloo by 263.4% in the first quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock valued at $27,000 after acquiring an additional 3,996 shares during the last quarter. Waverly Advisors LLC bought a new stake in shares of Gloo during the 1st quarter valued at $1,202,000. 1492 Capital Management LLC raised its position in shares of Gloo by 5.5% during the 1st 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 last quarter. Cornerstone Management Inc. acquired a new position in shares of Gloo in the 1st quarter valued at $601,000. Finally, Beacon Pointe Advisors LLC acquired a new position in shares of Gloo in the 4th quarter valued at $142,000.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wall Street Zen lowered shares of Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings raised Gloo from a “sell (e-)” rating to a “sell (e)” rating in a report on Friday, May 1st. Finally, Benchmark increased their price objective on Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $16.00.

View Our Latest Report on GLOO

Gloo Company Profile

(Get Free Report)

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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