Key Points
- Financial For Luthera Thrivent sold 15,000 Gloo shares at an average $3.53 on August 4, worth $52,950, reducing its stake by 0.36% to 4.181 million shares. The shareholder has also made multiple recent sales, including 125,000 shares on July 9.
- Gloo shares opened at $3.41, well below their 50-day and 200-day moving averages of $4.09 and $5.27, respectively, and near the lower end of their 52-week range. The company recently reported a quarterly loss of $0.22 per share, missing estimates by $0.06, on $41.53 million in revenue.
- Analyst sentiment remains mixed but leans positive: four analysts rate Gloo a Buy and one rates it a Sell, producing a “Moderate Buy” consensus and a $13.33 average price target.
Gloo Holdings (NASDAQ:GLOO - Get Free Report) major shareholder Financial For Luthera Thrivent sold 6,000 shares of the company's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $3.43, for a total transaction of $20,580.00. Following the completion of the transaction, the insider owned 4,175,000 shares in the company, valued at approximately $14,320,250. The trade was a 0.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 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 Thursday, August 6th, Financial For Luthera Thrivent sold 7,000 shares of Gloo stock. The shares were sold at an average price of $3.39, for a total transaction of $23,730.00.
- On Tuesday, August 4th, Financial For Luthera Thrivent sold 15,000 shares of Gloo stock. The stock was sold at an average price of $3.53, for a total transaction of $52,950.00.
- On Monday, August 3rd, Financial For Luthera Thrivent sold 21,000 shares of Gloo stock. The stock was sold at an average price of $3.46, for a total transaction of $72,660.00.
- On Thursday, July 30th, Financial For Luthera Thrivent sold 6,600 shares of Gloo stock. The shares were 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 value of $3,140.00.
- On Wednesday, July 22nd, Financial For Luthera Thrivent sold 100 shares of Gloo stock. The shares were 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 stock was 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.
Gloo Price Performance
NASDAQ GLOO opened at $3.41 on Friday. Gloo Holdings has a one year low of $2.94 and a one year high of $9.98. The stock has a 50-day moving average of $4.09 and a 200 day moving average of $5.27. 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 company has a market capitalization of $280.00 million and a price-to-earnings ratio of -0.60.
Gloo (NASDAQ:GLOO - Get Free Report) last announced its quarterly earnings results on Monday, June 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.06). The firm had revenue of $41.53 million for the quarter. On average, sell-side analysts forecast that Gloo Holdings will post -0.28 EPS for the current year.
Institutional Investors Weigh In On Gloo
A number of hedge funds have recently modified their holdings of the business. Grace & Mercy Foundation Inc. bought a new stake in shares of Gloo during the 4th quarter valued at $14,225,000. 1492 Capital Management LLC lifted 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 purchasing an additional 15,824 shares in the last quarter. Waverly Advisors LLC bought a new stake in Gloo during the first quarter valued at about $1,202,000. Annandale Capital LLC purchased a new stake in Gloo in the fourth quarter worth about $1,423,000. Finally, Cornerstone Management Inc. purchased a new stake in Gloo in the first quarter worth about $601,000.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. Wall Street Zen cut Gloo from a "hold" rating to a "sell" rating in a report on Saturday, May 23rd. Citizens Jmp began coverage on Gloo in a research report on Monday, July 20th. They set an "outperform" rating and a $8.00 price objective for the company. Citigroup started coverage on Gloo in a report on Monday, July 20th. They issued an "outperform" rating on the stock. Benchmark raised their target price on Gloo from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Tuesday, June 9th. Finally, Weiss Ratings restated a "sell (e)" rating on shares of Gloo in a research note on Wednesday, July 29th. Four investment 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 currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.33.
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Gloo Company Profile
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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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