Key Points
- Major shareholder Financial For Luthera Thrivent sold 5,500 Gloo shares at an average price of $3.09, totaling $16,995. Following the sale, it still owned 4.104 million shares, with the transaction reducing its stake by 0.13%.
- Gloo’s shares opened at $3.10 and remain well below their 52-week high of $9.98, while the company reported a quarterly loss of $0.22 per share versus the $0.16 consensus estimate on $41.53 million in revenue.
- Analysts remain broadly positive, with four Buy ratings and one Sell rating, an average target price of $13.33, and recent Outperform ratings from Citigroup and Citizens JMP.
Gloo Holdings (NASDAQ:GLOO - Get Free Report) major shareholder Financial For Luthera Thrivent sold 5,500 shares of Gloo stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $3.09, for a total value of $16,995.00. Following the transaction, the insider directly owned 4,104,000 shares in the company, valued at approximately $12,681,360. The trade was a 0.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 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, September 3rd, Financial For Luthera Thrivent sold 1,000 shares of Gloo stock. The stock was sold at an average price of $3.06, for a total transaction of $3,060.00.
- On Wednesday, September 2nd, Financial For Luthera Thrivent sold 500 shares of Gloo stock. The stock was sold at an average price of $3.12, for a total value of $1,560.00.
- On Friday, August 28th, Financial For Luthera Thrivent sold 3,000 shares of Gloo stock. The stock was sold at an average price of $3.41, for a total value of $10,230.00.
- On Thursday, August 27th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The shares were 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 stock was sold at an average price of $3.35, for a total value 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 shares were 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 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.
Gloo Price Performance
GLOO stock opened at $3.10 on Friday. The company has a fifty day simple moving average of $3.45 and a two-hundred day simple moving average of $4.92. The company has a quick ratio of 0.91, a current ratio of 0.94 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $254.54 million and a P/E ratio of -0.54. Gloo Holdings has a 52 week low of $2.94 and a 52 week high of $9.98.
Gloo (NASDAQ:GLOO - Get Free Report) last posted 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 firm had revenue of $41.53 million during the quarter. Analysts anticipate that Gloo Holdings will post -0.28 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Gloo
Large investors have recently bought and sold shares of the business. Grace & Mercy Foundation Inc. purchased a new position in shares of Gloo during the 4th quarter valued at approximately $14,225,000. Cornerstone Management Inc. acquired a new position in shares of Gloo during the 1st quarter valued at about $601,000. Waverly Advisors LLC purchased a new stake in shares of Gloo in the 1st quarter valued at approximately $1,202,000. 1492 Capital Management LLC purchased a new stake in Gloo in the fourth quarter valued at $1,627,000. Finally, Jane Street Group LLC purchased a new stake in Gloo in the 4th quarter valued at about $82,000.
Analyst Ratings Changes
Several analysts have recently weighed in on the company. Citigroup started coverage on Gloo in a research report on Monday, July 20th. They set an "outperform" rating for the company. Weiss Ratings raised Gloo from a "sell (e)" rating to a "sell (d-)" rating in a research report on Wednesday, August 12th. Benchmark upped 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. Wall Street Zen upgraded shares of Gloo from a "sell" rating to a "hold" rating in a research note on Saturday. Finally, Citizens Jmp began coverage on Gloo in a research note on Monday, July 20th. They set an "outperform" rating and a $8.00 price target on the stock. 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.com, the company presently has an average rating of "Moderate Buy" and an average target price of $13.33.
Get Our Latest Report on Gloo
Gloo Company Profile
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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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