Gloo Holdings (NASDAQ:GLOO – Get Free Report) major shareholder Financial For Luthera Thrivent sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $3.37, for a total value of $13,480.00. Following the completion of the transaction, the insider directly owned 4,114,000 shares in the company, valued at approximately $13,864,180. The trade was a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Financial For Luthera Thrivent also recently made the following trade(s):
- On Wednesday, August 26th, Financial For Luthera Thrivent sold 2,800 shares of Gloo stock. The stock was sold at an average price of $3.25, for a total value of $9,100.00.
- On Tuesday, August 25th, Financial For Luthera Thrivent sold 1,721 shares of Gloo stock. The shares were sold at an average price of $3.35, for a total transaction of $5,765.35.
- On Monday, August 24th, Financial For Luthera Thrivent sold 479 shares of Gloo stock. The shares were sold at an average price of $3.44, for a total transaction of $1,647.76.
- On Friday, August 21st, Financial For Luthera Thrivent sold 2,000 shares of Gloo stock. The stock was sold at an average price of $3.44, for a total transaction of $6,880.00.
- On Thursday, August 20th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The stock was sold at an average price of $3.44, for a total transaction of $20,640.00.
- On Wednesday, August 19th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The shares were sold at an average price of $3.34, for a total transaction of $13,360.00.
- On Monday, August 17th, Financial For Luthera Thrivent sold 2,000 shares of Gloo stock. The stock was 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 shares were 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 shares were sold at an average price of $3.42, for a total value of $16,416.00.
Gloo Stock Performance
NASDAQ GLOO opened at $3.41 on Friday. The stock has a market capitalization of $280.00 million and a price-to-earnings ratio of -0.60. The business’s 50 day moving average is $3.59 and its two-hundred day moving average is $5.01. Gloo Holdings has a 12-month low of $2.94 and a 12-month high of $9.98. The company has a current ratio of 0.94, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11.
Hedge Funds Weigh In On Gloo
Several 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 4th quarter worth approximately $82,000. Beacon Pointe Advisors LLC purchased a new position in shares of Gloo during the 4th quarter worth approximately $142,000. Marshall Wace LLP acquired a new position in shares of Gloo during the 4th quarter worth approximately $173,000. Finally, HRT Financial LP purchased a new stake in Gloo in the 4th quarter valued at approximately $179,000.
Analyst Ratings Changes
Several equities research analysts have commented on GLOO shares. Wall Street Zen lowered shares of Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Weiss Ratings upgraded shares of Gloo from a “sell (e)” rating to a “sell (d-)” rating in a research note on Wednesday, August 12th. Citizens Jmp initiated coverage on shares of Gloo in a report on Monday, July 20th. They set an “outperform” rating and a $8.00 price objective on the stock. Citigroup began coverage on shares of Gloo in a research report on Monday, July 20th. They set an “outperform” rating on the stock. Finally, Benchmark increased their target price on shares of Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $13.33.
Check Out Our Latest Stock Analysis on Gloo
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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