Gloo Holdings (NASDAQ:GLOO – Get Free Report) major shareholder Financial For Luthera Thrivent sold 3,000 shares of the company’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $3.41, for a total transaction of $10,230.00. Following the completion of the sale, the insider owned 4,111,000 shares of the company’s stock, valued at approximately $14,018,510. This represents a 0.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 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 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.
- On Wednesday, August 26th, Financial For Luthera Thrivent sold 2,800 shares of Gloo stock. The shares were 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 stock was sold at an average price of $3.35, for a total value of $5,765.35.
- On Monday, August 24th, Financial For Luthera Thrivent sold 479 shares of Gloo stock. The stock was sold at an average price of $3.44, for a total value 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 value of $6,880.00.
- On Thursday, August 20th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The shares were sold at an average price of $3.44, for a total value 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 value 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 value 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.
Gloo Stock Down 5.7%
Gloo stock opened at $3.12 on Wednesday. The company has a 50 day moving average of $3.53 and a 200-day moving average of $4.97. The company has a quick ratio of 0.91, a current ratio of 0.94 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. The stock has a market capitalization of $256.18 million and a PE ratio of -0.55.
Institutional Trading of Gloo
Large investors have recently added to or reduced their stakes in the company. 1492 Capital Management LLC bought a new position in shares of Gloo in the 4th quarter valued at about $1,627,000. Annandale Capital LLC bought a new position in Gloo during the fourth quarter worth about $1,423,000. HRT Financial LP acquired a new position in Gloo during the fourth quarter worth approximately $179,000. Jane Street Group LLC bought a new stake in Gloo in the fourth quarter valued at approximately $82,000. Finally, Marshall Wace LLP acquired a new stake in shares of Gloo in the fourth quarter valued at approximately $173,000.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. Wall Street Zen lowered Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Citizens Jmp assumed coverage on Gloo in a research note on Monday, July 20th. They issued an “outperform” rating and a $8.00 target price on the stock. Benchmark upped their price target on Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Weiss Ratings raised shares of Gloo from a “sell (e)” rating to a “sell (d-)” rating in a research note on Wednesday, August 12th. Finally, Citigroup began coverage on shares of Gloo in a report on Monday, July 20th. They issued an “outperform” rating on the stock. 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.33.
Read Our Latest Report 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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