Key Points
- Major shareholder selling: Financial For Luthera Thrivent sold 4,000 Gloo shares for $13,360 at an average price of $3.34, reducing its ownership by 0.10% to 4.131 million shares. The shareholder has also conducted multiple Gloo sales in August.
- Weak recent performance: Gloo opened at $3.33, near its 52-week low of $2.94 and well below its 52-week high of $9.98. The company reported a quarterly loss of $0.22 per share, missing estimates, on revenue of $41.53 million.
- Analyst outlook remains mixed but positive overall: Four analysts rate Gloo a Buy and one rates it a Sell, producing a consensus “Moderate Buy” rating and an average price target of $13.33.
Gloo Holdings (NASDAQ:GLOO - Get Free Report) major shareholder Financial For Luthera Thrivent sold 4,000 shares of the firm's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $3.34, for a total transaction of $13,360.00. Following the completion of the transaction, the insider owned 4,131,000 shares of the company's stock, valued at approximately $13,797,540. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major 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 Monday, August 17th, Financial For Luthera Thrivent sold 2,000 shares of Gloo stock. The shares were sold at an average price of $3.30, for a total transaction of $6,600.00.
- 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 Thursday, August 13th, Financial For Luthera Thrivent sold 3,200 shares of Gloo stock. The stock was sold at an average price of $3.46, for a total transaction of $11,072.00.
- 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 shares were 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 shares were 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 transaction 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 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 stock was sold at an average price of $3.46, for a total transaction of $72,660.00.
Gloo Price Performance
GLOO opened at $3.33 on Thursday. 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 Holdings has a 1 year low of $2.94 and a 1 year high of $9.98. The stock has a fifty day moving average price of $3.77 and a 200 day moving average price of $5.10. The stock has a market cap of $273.43 million and a price-to-earnings ratio of -0.58.
Gloo (NASDAQ:GLOO - Get Free Report) last released its quarterly earnings data on Monday, June 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The company had revenue of $41.53 million for the quarter. Analysts forecast that Gloo Holdings will post -0.28 EPS for the current fiscal year.
Institutional Trading of Gloo
Hedge funds have recently bought and sold shares of the stock. Grace & Mercy Foundation Inc. bought a new stake in Gloo in the 4th quarter valued at $14,225,000. 1492 Capital Management LLC raised 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 valued at $1,451,000 after buying an additional 15,824 shares during the last quarter. Waverly Advisors LLC bought a new stake in Gloo in the 1st quarter valued at approximately $1,202,000. Annandale Capital LLC acquired a new position in Gloo during the 4th quarter worth approximately $1,423,000. Finally, Cornerstone Management Inc. bought a new position in shares of Gloo during the 1st quarter worth approximately $601,000.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on GLOO shares. Citigroup assumed coverage on shares of Gloo in a research note on Monday, July 20th. They issued an "outperform" rating for the company. Benchmark boosted 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. Weiss Ratings raised shares of Gloo from a "sell (e)" rating to a "sell (d-)" rating in a research note on Wednesday, August 12th. Wall Street Zen lowered shares of Gloo from a "hold" rating to a "sell" rating in a report on Saturday, May 23rd. Finally, Citizens Jmp initiated coverage on shares of Gloo in a research report on Monday, July 20th. They issued an "outperform" rating and a $8.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Gloo presently has a consensus rating of "Moderate Buy" and an average price target of $13.33.
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About Gloo
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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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