Key Points
- Financial For Luthera Thrivent sold 11,000 Gloo shares at an average price of $3.55, generating $39,050. After the sale, the major shareholder retained 4.157 million shares, worth approximately $14.76 million.
- Gloo shares opened at $3.46, down 0.6%, with a market capitalization of about $284 million. The company recently reported a quarterly loss of $0.22 per share, missing the $0.16 consensus estimate, on revenue of $41.53 million.
- Analyst sentiment remains mixed but leans positive: four analysts rate Gloo a Buy and one rates it Sell, producing a consensus “Moderate Buy” rating and a $13.33 price target.
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 dated Tuesday, August 11th. The stock was sold at an average price of $3.52, for a total value of $14,080.00. Following the sale, the insider owned 4,153,000 shares in the company, valued at $14,618,560. The trade was a 0.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major 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 Friday, August 7th, Financial For Luthera Thrivent sold 11,000 shares of Gloo stock. The shares were sold at an average price of $3.55, for a total transaction of $39,050.00.
- On Thursday, August 6th, Financial For Luthera Thrivent sold 7,000 shares of Gloo stock. The stock was sold at an average price of $3.39, for a total transaction of $23,730.00.
- On Wednesday, August 5th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The stock was sold at an average price of $3.43, for a total transaction of $20,580.00.
- On Tuesday, August 4th, Financial For Luthera Thrivent sold 15,000 shares of Gloo stock. The shares were 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 shares were 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 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 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.
Gloo Stock Performance
Shares of GLOO opened at $3.46 on Wednesday. The stock has a 50-day moving average of $3.97 and a two-hundred day moving average of $5.22. Gloo Holdings has a one year low of $2.94 and a one year high of $9.98. 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 stock has a market cap of $284.10 million and a P/E ratio of -0.61.
Gloo (NASDAQ:GLOO - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $41.53 million during the quarter. As a group, research analysts predict that Gloo Holdings will post -0.28 EPS for the current year.
Institutional Investors Weigh In On Gloo
Several hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its stake in shares of Gloo by 263.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company's stock worth $27,000 after purchasing an additional 3,996 shares during the period. Jane Street Group LLC acquired a new position in shares of Gloo in the 4th quarter valued at $82,000. Beacon Pointe Advisors LLC purchased a new stake in Gloo during the fourth quarter worth $142,000. Marshall Wace LLP acquired a new stake in Gloo during the fourth quarter valued at $173,000. Finally, HRT Financial LP acquired a new stake in Gloo during the fourth quarter valued at $179,000.
Analyst Upgrades and Downgrades
GLOO has been the subject of a number of recent research reports. Citizens Jmp assumed coverage on shares of Gloo in a research report on Monday, July 20th. They set an "outperform" rating and a $8.00 price target for the company. Wall Street Zen downgraded shares of Gloo from a "hold" rating to a "sell" rating in a report on Saturday, May 23rd. Weiss Ratings reiterated a "sell (e)" rating on shares of Gloo in a research note on Wednesday, July 29th. Citigroup started coverage on shares of Gloo in a report on Monday, July 20th. They set an "outperform" rating for the company. Finally, Benchmark upped their price target 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 investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $13.33.
Get Our Latest Analysis on Gloo
About Gloo
(
Get Free Report)
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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