Key Points
- Major shareholder Financial For Luthera Thrivent sold 4,000 Gloo shares at an average price of $3.37, generating $13,480; it retained 4.114 million shares afterward. The sale was part of a series of insider transactions totaling more than $114,000 since August 12.
- Gloo shares opened at $3.38 and were trading up 4.6%, but the company reported a quarterly loss of $0.22 per share, missing estimates, on revenue of $41.53 million.
- Analyst sentiment remains mixed but leans positive: 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 versus the stock’s roughly $3.38 price.
Gloo Holdings (NASDAQ:GLOO - Get Free Report) major shareholder Financial For Luthera Thrivent sold 4,000 shares of the company's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $3.37, for a total value of $13,480.00. Following the sale, the insider directly owned 4,114,000 shares in the company, valued at $13,864,180. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Financial For Luthera Thrivent also recently made the following trade(s):
- On Wednesday, August 26th, Financial For Luthera Thrivent sold 2,800 shares of Gloo stock. The shares were sold at an average price of $3.25, for a total transaction of $9,100.00.
- On Tuesday, August 25th, Financial For Luthera Thrivent sold 1,721 shares of Gloo stock. The stock was sold at an average price of $3.35, for a total transaction of $5,765.35.
- 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 transaction 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 transaction of $6,880.00.
- On Thursday, August 20th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The shares were sold at an average price of $3.44, for a total transaction of $20,640.00.
- On Wednesday, August 19th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The stock was sold at an average price of $3.34, for a total transaction 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 transaction 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 transaction 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 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 transaction of $16,416.00.
Gloo Trading Up 4.6%
GLOO opened at $3.38 on Friday. The firm has a market cap of $277.54 million and a P/E ratio of -0.59. Gloo Holdings has a 12 month low of $2.94 and a 12 month high of $9.98. The company has a current ratio of 0.94, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11. The stock has a 50-day moving average of $3.61 and a 200 day moving average of $5.02.
Gloo (NASDAQ:GLOO - Get Free Report) last issued its quarterly earnings data on Monday, June 8th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The business had revenue of $41.53 million during the quarter. As a group, research analysts forecast that Gloo Holdings will post -0.28 EPS for the current year.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the business. Grace & Mercy Foundation Inc. bought a new position in shares of Gloo during the fourth quarter valued at approximately $14,225,000. 1492 Capital Management LLC purchased a new stake in shares of Gloo in the fourth quarter worth approximately $1,627,000. Waverly Advisors LLC bought a new stake in shares of Gloo during the 1st quarter worth approximately $1,202,000. Annandale Capital LLC bought a new stake in shares of Gloo during the 4th quarter worth approximately $1,423,000. Finally, Cornerstone Management Inc. purchased a new position in Gloo during the 1st quarter valued at $601,000.
Analyst Ratings Changes
GLOO has been the topic of several analyst reports. Citigroup initiated coverage on Gloo in a research report on Monday, July 20th. They set an "outperform" rating on the stock. Benchmark lifted their price objective on shares of Gloo from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Tuesday, June 9th. Weiss Ratings upgraded shares of Gloo from a "sell (e)" rating to a "sell (d-)" rating in a research report on Wednesday, August 12th. Wall Street Zen cut shares of Gloo from a "hold" rating to a "sell" rating in a research report on Saturday, May 23rd. Finally, Citizens Jmp assumed coverage on shares of Gloo in a research note on Monday, July 20th. They issued an "outperform" rating and a $8.00 target price on the stock. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $13.33.
Read Our Latest Stock Report 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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
