Financial For Luthera Thrivent Sells 20,000 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $2.98, for a total transaction of $59,600.00. Following the completion of the transaction, the insider owned 4,460,000 shares in the company, valued at approximately $13,290,800. This represents a 0.45% 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 10% or more 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 Thursday, July 9th, Financial For Luthera Thrivent sold 125,000 shares of Gloo stock. The stock was sold at an average price of $3.08, for a total transaction 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 transaction of $51,740.00.
• On Tuesday, July 7th, Financial For Luthera Thrivent sold 11,000 shares of Gloo stock. The stock was sold at an average price of $3.76, for a total transaction 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 shares were sold at an average price of $4.64, for a total value 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 value 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 transaction 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 transaction 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 transaction of $17,252.00.

Gloo Trading Down 3.0%

Gloo stock traded down $0.09 during mid-day trading on Friday, hitting $2.95. 927,805 shares of the company’s stock were exchanged, compared to its average volume of 249,673. Gloo Holdings has a 1-year low of $2.94 and a 1-year high of $9.98. The business has a 50 day moving average price of $5.10. 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 capitalization of $242.22 million and a PE ratio of -0.52.

Gloo (NASDAQ:GLOO) last announced its quarterly earnings results on Monday, June 8th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The business had revenue of $41.53 million during the quarter. As a group, research analysts predict that Gloo Holdings will post -0.31 EPS for the current fiscal year.

Key Gloo News

Here are the key news stories impacting Gloo this week:

• Positive Sentiment: CEO Scott Arthur Beck bought 1,076,923 shares at $3.25, a large insider purchase that suggests management sees value in the stock. CEO Insider Purchase Filing
• Positive Sentiment: Director Derek Todd Green bought 615,384 shares at $3.25, adding to the bullish insider-buying signal. Director Insider Purchase Filing
• Neutral Sentiment: The company said it priced a 7 million-share public offering at $3.25 per share, bringing in about $22.75 million before expenses. Public Offering Announcement
• Negative Sentiment: Major shareholder Financial For Luthera Thrivent sold shares in recent filings, which can add to investor concern about near-term conviction. Shareholder Sale Filing
• Negative Sentiment: A recent report highlighting Gloo’s $48 million in losses is likely weighing on sentiment as investors focus on profitability and funding needs. Losses Report

Institutional Investors Weigh In On Gloo

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Grace & Mercy Foundation Inc. bought a new position in Gloo during the fourth quarter worth $14,225,000. 1492 Capital Management LLC grew its position in 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 purchasing an additional 15,824 shares during the last quarter. Waverly Advisors LLC acquired a new stake in Gloo in the 1st quarter worth $1,202,000. Annandale Capital LLC bought a new position in shares of Gloo during the 4th quarter worth about $1,423,000. Finally, Cornerstone Management Inc. acquired a new position in shares of Gloo during the first quarter valued at about $601,000.

Analyst Ratings Changes

A number of research firms have recently commented on GLOO. 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 (e)” rating in a research note on Friday, May 1st. Finally, Benchmark lifted 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. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Gloo presently has a consensus rating of “Hold” and an average price target of $16.00.

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.