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 completion of the sale, the insider directly owned 4,131,000 shares in the company, valued at $13,797,540. This trade represents a 0.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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, 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 transaction of $6,600.00.
- On Friday, August 14th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The stock was sold at an average price of $3.52, for a total transaction 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 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 stock was sold at an average price of $3.52, for a total value of $14,080.00.
- 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 value 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 stock was sold at an average price of $3.46, for a total transaction of $72,660.00.
Gloo Price Performance
Shares of NASDAQ:GLOO opened at $3.33 on Thursday. The firm’s 50 day moving average is $3.77 and its two-hundred day moving average is $5.10. The firm has a market capitalization of $273.43 million and a P/E ratio of -0.58. 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 Holdings has a 52 week low of $2.94 and a 52 week high of $9.98.
Hedge Funds Weigh In On Gloo
Several large investors have recently made changes to their positions in the business. Grace & Mercy Foundation Inc. bought a new stake in shares of Gloo in the 4th quarter worth approximately $14,225,000. Cornerstone Management Inc. bought a new stake in Gloo during the first quarter worth approximately $601,000. Waverly Advisors LLC acquired a new position in Gloo in the first quarter worth approximately $1,202,000. Skylands Capital LLC acquired a new position in Gloo in the fourth quarter worth approximately $511,000. Finally, 1492 Capital Management LLC acquired a new stake in shares of Gloo during the fourth quarter worth $1,627,000.
Wall Street Analyst Weigh In
GLOO has been the topic of a number of research analyst reports. Benchmark raised their price target on Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Citigroup began coverage on shares of Gloo in a report on Monday, July 20th. They issued an “outperform” rating for the company. Weiss Ratings upgraded shares of Gloo from a “sell (e)” rating to a “sell (d-)” rating in a research report on Wednesday, August 12th. Wall Street Zen downgraded shares of Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Citizens Jmp assumed coverage on shares of Gloo in a research note on Monday, July 20th. They issued an “outperform” rating and a $8.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $13.33.
Check Out Our Latest Analysis on GLOO
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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