Key Points
- Major shareholder selling: Financial For Luthera Thrivent sold 3,200 Gloo shares at an average of $3.46, reducing its stake by 0.08% to 4.145 million shares. The shareholder has also reported multiple additional sales in recent weeks.
- Stock and financial performance: Gloo shares opened at $3.48, near the lower end of their 12-month range of $2.94 to $9.98. The company recently reported a quarterly loss of $0.22 per share, missing analyst expectations, on revenue of $41.53 million.
- Analyst outlook remains mixed: Four analysts rate Gloo as a Buy and one as a Sell, resulting in a consensus “Moderate Buy” rating and an average price target of $13.33, substantially above the current share price.
Gloo Holdings (NASDAQ:GLOO - Get Free Report) major shareholder Financial For Luthera Thrivent sold 3,200 shares of the firm's stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $3.46, for a total transaction of $11,072.00. Following the sale, the insider owned 4,145,000 shares of the company's stock, valued at $14,341,700. This represents a 0.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Financial For Luthera Thrivent also recently made the following trade(s):
- On Friday, August 14th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The shares were sold at an average price of $3.52, for a total transaction of $21,120.00.
- 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.
- On Tuesday, August 11th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The stock was sold at an average price of $3.52, for a total value of $14,080.00.
- On Friday, August 7th, Financial For Luthera Thrivent sold 11,000 shares of Gloo stock. The stock was sold at an average price of $3.55, for a total value 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 value of $23,730.00.
- On Wednesday, August 5th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The shares were sold at an average price of $3.43, for a total value 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 value 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 value 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 value 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 value of $64,600.00.
Gloo Stock Up 0.3%
Shares of GLOO opened at $3.48 on Friday. The firm has a market cap of $285.74 million and a P/E ratio of -0.61. Gloo Holdings has a 12-month low of $2.94 and a 12-month high of $9.98. The company's 50-day moving average price is $3.86 and its 200 day moving average price is $5.17. The company has a current ratio of 0.94, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11.
Gloo (NASDAQ:GLOO - Get Free Report) last posted its earnings results on Monday, June 8th. The company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.06). The business had revenue of $41.53 million for the quarter. On average, sell-side analysts forecast that Gloo Holdings will post -0.28 earnings per share for the current year.
Wall Street Analysts Forecast Growth
GLOO has been the topic of several recent analyst reports. Wall Street Zen lowered shares of 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 issued an "outperform" rating and a $8.00 target price on the stock. Citigroup assumed coverage on Gloo in a research note on Monday, July 20th. They set an "outperform" rating on the stock. Weiss Ratings upgraded Gloo from a "sell (e)" rating to a "sell (d-)" rating in a research note on Wednesday. Finally, Benchmark raised 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. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $13.33.
Check Out Our Latest Stock Report on Gloo
Institutional Trading of Gloo
A number of institutional investors and hedge funds have recently bought and sold shares of GLOO. EverSource Wealth Advisors LLC lifted its position in shares of Gloo by 263.4% during the first 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 in the last quarter. Jane Street Group LLC purchased a new position in shares of Gloo in the fourth quarter valued at approximately $82,000. Beacon Pointe Advisors LLC acquired a new position in shares of Gloo in the fourth quarter valued at approximately $142,000. Marshall Wace LLP purchased a new stake in Gloo during the 4th quarter worth approximately $173,000. Finally, HRT Financial LP purchased a new stake in Gloo during the 4th quarter worth approximately $179,000.
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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