Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 13,700 Shares of Stock

Gloo Holdings (NASDAQ:GLOOGet Free Report) major shareholder Financial For Luthera Thrivent sold 13,700 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $4.01, for a total value of $54,937.00. Following the sale, the insider owned 4,629,000 shares of the company’s stock, valued at approximately $18,562,290. This trade represents a 0.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 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 Tuesday, July 7th, Financial For Luthera Thrivent sold 11,000 shares of Gloo stock. The shares were sold at an average price of $3.76, for a total value of $41,360.00.
  • On Thursday, July 2nd, Financial For Luthera Thrivent sold 300 shares of Gloo stock. The stock was 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 shares were 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 value 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 stock was 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 Trading Down 5.0%

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

Gloo (NASDAQ:GLOOGet Free Report) last released 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. On average, research analysts forecast that Gloo Holdings will post -0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Gloo

Several institutional investors and hedge funds have recently added to or reduced their stakes in GLOO. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 purchasing an additional 3,996 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Gloo during the fourth quarter valued at $82,000. 1492 Capital Management LLC raised its position in Gloo by 5.5% during the first quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock valued at $1,451,000 after buying an additional 15,824 shares during the period. Beacon Pointe Advisors LLC purchased a new stake in Gloo in the 4th quarter worth about $142,000. Finally, Marshall Wace LLP purchased a new stake in Gloo in the 4th quarter worth about $173,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GLOO shares. Weiss Ratings raised Gloo from a “sell (e-)” rating to a “sell (e)” rating in a report on Friday, May 1st. 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 report on Tuesday, June 9th. Finally, Wall Street Zen cut shares of Gloo from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Gloo presently has a consensus rating of “Hold” and a consensus price target of $16.00.

Check Out 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.

Further Reading

Insider Buying and Selling by Quarter for Gloo (NASDAQ:GLOO)

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