Key Points
- Major shareholder selling: Financial For Luthera Thrivent sold 3,000 Gloo shares at an average price of $3.41, totaling $10,230. Following the transaction, it still owned 4.111 million shares, representing a 0.07% reduction.
- Weak recent performance: Gloo shares opened at $3.12, near their 12-month low of $2.94 and well below the 12-month high of $9.98. The company reported a quarterly loss of $0.22 per share, missing analysts’ estimate of a $0.16 loss.
- Analyst outlook remains mixed but positive overall: Four analysts rate Gloo a Buy and one rates it a Sell, resulting in a consensus “Moderate Buy” rating and a $13.33 price target, substantially above the reported share price.
Gloo Holdings (NASDAQ:GLOO - Get Free Report) major shareholder Financial For Luthera Thrivent sold 3,000 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $3.41, for a total transaction of $10,230.00. Following the completion of the transaction, the insider directly owned 4,111,000 shares in the company, valued at $14,018,510. The trade was a 0.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 Thursday, August 27th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The stock was sold at an average price of $3.37, for a total transaction of $13,480.00.
- 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 shares were 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 value of $1,647.76.
- On Friday, August 21st, Financial For Luthera Thrivent sold 2,000 shares of Gloo stock. The stock was sold at an average price of $3.44, for a total value of $6,880.00.
- On Thursday, August 20th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The stock was sold at an average price of $3.44, for a total value of $20,640.00.
- 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 shares were 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 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 shares were sold at an average price of $3.46, for a total transaction of $11,072.00.
Gloo Stock Performance
Shares of NASDAQ:GLOO opened at $3.12 on Wednesday. The company's 50 day moving average price is $3.53 and its two-hundred day moving average price is $4.97. Gloo Holdings has a 12-month low of $2.94 and a 12-month high of $9.98. The firm has a market cap of $256.18 million and a PE ratio of -0.55. 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 (NASDAQ:GLOO - Get Free Report) last issued its quarterly earnings results on Monday, June 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.06). The company had revenue of $41.53 million during the quarter. Equities research analysts predict that Gloo Holdings will post -0.28 earnings per share for the current year.
Analyst Ratings Changes
Several equities analysts have commented on GLOO shares. Weiss Ratings raised shares of Gloo from a "sell (e)" rating to a "sell (d-)" rating in a report on Wednesday, August 12th. Wall Street Zen lowered shares of Gloo from a "hold" rating to a "sell" rating in a research report on Saturday, May 23rd. Citigroup began coverage on shares of Gloo in a research note on Monday, July 20th. They issued an "outperform" rating on the stock. Citizens Jmp started coverage on Gloo in a report on Monday, July 20th. They issued an "outperform" rating and a $8.00 target price on the stock. Finally, Benchmark lifted their price target on Gloo from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Tuesday, June 9th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $13.33.
Get Our Latest Report on GLOO
Institutional Investors Weigh In On Gloo
Hedge funds have recently made changes to their positions in the stock. Grace & Mercy Foundation Inc. acquired a new position in Gloo during the 4th quarter worth approximately $14,225,000. 1492 Capital Management LLC boosted its position in Gloo by 5.5% in the first 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 in the last quarter. Waverly Advisors LLC acquired a new stake in Gloo in the first quarter valued at approximately $1,202,000. Annandale Capital LLC bought a new stake in shares of Gloo during the fourth quarter worth $1,423,000. Finally, Cornerstone Management Inc. acquired a new position in shares of Gloo during the first quarter worth $601,000.
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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