Gloo Holdings (NASDAQ:GLOO - Get Free Report) major shareholder Financial For Luthera Thrivent sold 6,000 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $3.44, for a total value of $20,640.00. Following the completion of the sale, the insider owned 4,125,000 shares of the company's stock, valued at $14,190,000. The trade was a 0.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Financial For Luthera Thrivent also recently made the following trade(s):
- On Monday, August 24th, Financial For Luthera Thrivent sold 479 shares of Gloo stock. The stock was sold at an average price of $3.44, for a total value of $1,647.76.
- On Friday, August 21st, Financial For Luthera Thrivent sold 2,000 shares of Gloo stock. The shares were sold at an average price of $3.44, for a total value of $6,880.00.
- On Wednesday, August 19th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The shares were sold at an average price of $3.34, for a total value of $13,360.00.
- On Monday, August 17th, Financial For Luthera Thrivent sold 2,000 shares of Gloo stock. The stock was sold at an average price of $3.30, for a total value of $6,600.00.
- On Friday, August 14th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The stock was sold at an average price of $3.52, for a total value of $21,120.00.
- On Thursday, August 13th, Financial For Luthera Thrivent sold 3,200 shares of Gloo stock. The shares were sold at an average price of $3.46, for a total value 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 transaction 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 transaction 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 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.
Gloo Price Performance
Shares of NASDAQ GLOO opened at $3.33 on Tuesday. The company has a market capitalization of $273.43 million and a PE ratio of -0.58. The company has a quick ratio of 0.91, a current ratio of 0.94 and a debt-to-equity ratio of 0.11. Gloo Holdings has a twelve month low of $2.94 and a twelve month high of $9.98. The firm has a fifty day simple moving average of $3.70 and a 200 day simple moving average of $5.06.
Gloo (NASDAQ:GLOO - Get Free Report) last issued its quarterly 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 EPS for the current year.
Institutional Trading of Gloo
Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its holdings in 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 buying an additional 3,996 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Gloo during the fourth quarter valued at about $82,000. Beacon Pointe Advisors LLC bought a new stake in shares of Gloo during the fourth quarter worth about $142,000. Marshall Wace LLP bought a new stake in shares of Gloo during the fourth quarter worth about $173,000. Finally, HRT Financial LP acquired a new stake in shares of Gloo in the 4th quarter worth about $179,000.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on GLOO shares. Benchmark lifted their target price on Gloo from $14.00 to $15.00 and gave the stock 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 report on Wednesday, August 12th. Citizens Jmp started coverage on shares of Gloo in a research note on Monday, July 20th. They issued an "outperform" rating and a $8.00 price objective for the company. Citigroup assumed coverage on shares of Gloo in a research report on Monday, July 20th. They set an "outperform" rating on the stock. Finally, Wall Street Zen cut shares of Gloo from a "hold" rating to a "sell" rating in a report on Saturday, May 23rd. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Gloo presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.33.
Read Our Latest Stock 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.
Further Reading
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