Key Points
- Major shareholder Financial For Luthera Thrivent sold 16,000 Gloo shares at an average price of $3.55, generating $56,800. The sale reduced its ownership by 0.40%, though it still held 4.023 million shares afterward; the shareholder also reported multiple additional sales in recent weeks.
- Gloo shares opened at $3.28 after declining 4.1%, with the stock trading well below its 52-week high of $9.98. The company reported a quarterly loss of $0.25 per share, missing estimates by $0.14, on revenue of $46.57 million.
- Analyst sentiment remains mixed but leans positive: five analysts rate Gloo a Buy and one rates it a Sell, producing a consensus “Moderate Buy” rating and an average price target of $12.00 versus the share price near $3.28.
Gloo Holdings (NASDAQ:GLOO - Get Free Report) major shareholder Financial For Luthera Thrivent sold 5,000 shares of Gloo stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $3.34, for a total transaction of $16,700.00. Following the completion of the transaction, the insider owned 4,018,000 shares of the company's stock, valued at $13,420,120. This represents a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Large 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 Monday, September 14th, Financial For Luthera Thrivent sold 16,000 shares of Gloo stock. The stock was sold at an average price of $3.55, for a total value of $56,800.00.
- On Friday, September 11th, Financial For Luthera Thrivent sold 36,000 shares of Gloo stock. The stock was sold at an average price of $3.23, for a total value of $116,280.00.
- On Thursday, September 10th, Financial For Luthera Thrivent sold 10,000 shares of Gloo stock. The shares were sold at an average price of $3.03, for a total value of $30,300.00.
- On Wednesday, September 9th, Financial For Luthera Thrivent sold 9,000 shares of Gloo stock. The shares were sold at an average price of $3.25, for a total value of $29,250.00.
- On Tuesday, September 8th, Financial For Luthera Thrivent sold 10,000 shares of Gloo stock. The stock was sold at an average price of $3.20, for a total value of $32,000.00.
- On Friday, September 4th, Financial For Luthera Thrivent sold 5,500 shares of Gloo stock. The stock was sold at an average price of $3.09, for a total value of $16,995.00.
- On Thursday, September 3rd, Financial For Luthera Thrivent sold 1,000 shares of Gloo stock. The shares were sold at an average price of $3.06, for a total value of $3,060.00.
- On Wednesday, September 2nd, Financial For Luthera Thrivent sold 500 shares of Gloo stock. The shares were 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 transaction 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.
Gloo Price Performance
Shares of NASDAQ:GLOO opened at $3.28 on Wednesday. The company has a 50 day moving average of $3.29 and a 200 day moving average of $4.80. The company has a current ratio of 1.23, a quick ratio of 1.21 and a debt-to-equity ratio of 0.21. The stock has a market cap of $269.32 million and a P/E ratio of -0.45. Gloo Holdings has a 12 month low of $2.90 and a 12 month high of $9.98.
Gloo (NASDAQ:GLOO - Get Free Report) last posted its earnings results on Wednesday, September 9th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.14). Gloo had a negative return on equity of 1,637.91% and a negative net margin of 81.35%.The firm had revenue of $46.57 million during the quarter. As a group, sell-side analysts forecast that Gloo Holdings will post -0.65 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on GLOO shares. Wall Street Zen lowered Gloo from a "hold" rating to a "sell" rating in a research note on Sunday. Citigroup started coverage on Gloo in a research note on Monday, July 20th. They issued an "outperform" rating on the stock. Weiss Ratings cut Gloo from a "sell (d-)" rating to a "sell (e+)" rating in a report on Monday. Benchmark lifted their price target on Gloo from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Tuesday, June 9th. Finally, Citizens Jmp reissued a "market outperform" rating and set a $8.00 price objective on shares of Gloo in a report on Thursday, September 10th. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Gloo currently has an average rating of "Moderate Buy" and an average price target of $12.00.
Get Our Latest Research Report on Gloo
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in GLOO. Grace & Mercy Foundation Inc. purchased a new stake in Gloo during the fourth quarter valued at about $14,225,000. 1492 Capital Management LLC purchased a new position in shares of Gloo in the 4th quarter worth about $1,627,000. Waverly Advisors LLC bought a new position in shares of Gloo during the 1st quarter valued at about $1,202,000. Cornerstone Management Inc. bought a new position in shares of Gloo during the 1st quarter valued at about $601,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Gloo by 263.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company's stock valued at $27,000 after buying an additional 3,996 shares in the last quarter.
About Gloo
(
Get Free Report)
Gloo is a technology company that provides digital tools and services for faith-based organizations, including churches, ministries and other community-focused groups. Its platform is designed to help organizations build relationships, communicate with members and supporters, and manage engagement through digital channels.
The company's offerings include customer relationship management capabilities, digital marketing and communications tools, data and analytics services, and technology intended to support ministry operations.
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].
