Gloo Holdings (NASDAQ:GLOO – Get Free Report) major shareholder Financial For Luthera Thrivent sold 16,000 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $3.55, for a total transaction of $56,800.00. Following the transaction, the insider directly owned 4,023,000 shares of the company’s stock, valued at $14,281,650. This represents a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Financial For Luthera Thrivent also recently made the following trade(s):
- On Tuesday, September 15th, Financial For Luthera Thrivent sold 5,000 shares of Gloo stock. The stock was sold at an average price of $3.34, for a total transaction of $16,700.00.
- 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 value of $116,280.00.
- On Thursday, September 10th, Financial For Luthera Thrivent sold 10,000 shares of Gloo stock. The shares were 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 shares were 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 shares were 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 stock was sold at an average price of $3.09, for a total value 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 transaction 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 transaction of $10,230.00.
- On Thursday, August 27th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The stock was sold at an average price of $3.37, for a total value of $13,480.00.
Gloo Stock Performance
NASDAQ:GLOO opened at $4.07 on Thursday. The business’s fifty day moving average is $3.30 and its 200 day moving average is $4.78. The firm has a market cap of $334.19 million and a price-to-earnings ratio of -0.56. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.21 and a current ratio of 1.23. Gloo Holdings has a 52-week low of $2.90 and a 52-week high of $9.98.
Analysts Set New Price Targets
Several research analysts have recently commented on the company. Benchmark boosted their price objective on Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Wall Street Zen lowered shares of Gloo from a “hold” rating to a “sell” rating in a research report on Sunday. Citizens Jmp reissued a “market outperform” rating and issued a $8.00 price target on shares of Gloo in a research note on Thursday, September 10th. Lake Street Capital decreased their price target on shares of Gloo from $12.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, September 10th. Finally, Weiss Ratings cut shares of Gloo from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $12.00.
Check Out Our Latest Stock Report on GLOO
Institutional Trading of Gloo
Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in 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 acquiring an additional 3,996 shares during the last quarter. Waverly Advisors LLC bought a new stake in shares of Gloo in the 1st quarter worth approximately $1,202,000. 1492 Capital Management LLC lifted its holdings in shares of Gloo by 5.5% in the 1st 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. Cornerstone Management Inc. purchased a new stake in shares of Gloo in the 1st quarter valued at $601,000. Finally, Grace & Mercy Foundation Inc. bought a new position in shares of Gloo during the 4th quarter valued at $14,225,000.
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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