Gloo Holdings (NASDAQ:GLOO – Get Free Report) major shareholder Financial For Luthera Thrivent sold 21,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $3.46, for a total transaction of $72,660.00. Following the sale, the insider owned 4,196,000 shares of the company’s stock, valued at $14,518,160. This trade represents a 0.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own 10% or more 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 Thursday, July 30th, Financial For Luthera Thrivent sold 6,600 shares of Gloo stock. The stock was sold at an average price of $3.14, for a total transaction of $20,724.00.
- On Friday, July 31st, Financial For Luthera Thrivent sold 20,000 shares of Gloo stock. The stock was sold at an average price of $3.23, for a total transaction of $64,600.00.
- On Wednesday, July 29th, Financial For Luthera Thrivent sold 1,000 shares of Gloo stock. The shares were sold at an average price of $3.14, for a total transaction of $3,140.00.
- On Wednesday, July 22nd, Financial For Luthera Thrivent sold 100 shares of Gloo stock. The stock was sold at an average price of $3.37, for a total value of $337.00.
- On Friday, July 10th, Financial For Luthera Thrivent sold 20,000 shares of Gloo stock. The stock was sold at an average price of $2.98, for a total value of $59,600.00.
- On Thursday, July 9th, Financial For Luthera Thrivent sold 125,000 shares of Gloo stock. The shares were sold at an average price of $3.08, for a total value of $385,000.00.
- On Wednesday, July 8th, Financial For Luthera Thrivent sold 13,000 shares of Gloo stock. The shares were sold at an average price of $3.98, for a total value of $51,740.00.
- 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 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 value of $54,937.00.
- 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 value of $1,392.00.
Gloo Stock Up 9.3%
GLOO stock opened at $3.53 on Tuesday. The company’s 50-day moving average is $4.21. The stock has a market cap of $289.85 million and a PE ratio of -0.62. 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 twelve month low of $2.94 and a twelve month high of $9.98.
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. Benchmark upped their target price on shares of Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Wall Street Zen downgraded Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Citizens Jmp began coverage on Gloo in a research note on Monday, July 20th. They issued an “outperform” rating and a $8.00 price objective for the company. Citigroup began coverage on Gloo in a research report on Monday, July 20th. They set an “outperform” rating for the company. Finally, Weiss Ratings reissued a “sell (e)” rating on shares of Gloo in a report on Wednesday, July 29th. Four 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $13.33.
Read Our Latest Report on Gloo
Institutional Trading of Gloo
Several hedge funds have recently bought and sold shares of the stock. Grace & Mercy Foundation Inc. bought a new stake in shares of Gloo in the fourth quarter worth about $14,225,000. Cornerstone Management Inc. purchased a new position in Gloo during the 1st quarter valued at approximately $601,000. Skylands Capital LLC bought a new stake in Gloo in the 4th quarter worth approximately $511,000. Waverly Advisors LLC bought a new stake in Gloo in the 1st quarter worth approximately $1,202,000. Finally, 1492 Capital Management LLC purchased a new stake in shares of Gloo during the 4th quarter worth approximately $1,627,000.
Gloo Company Profile
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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