Financial For Luthera Thrivent Sells 12,400 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 12,400 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $4.60, for a total transaction of $57,040.00. Following the completion of the transaction, the insider directly owned 4,765,600 shares of the company’s stock, valued at $21,921,760. The trade was a 0.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Financial For Luthera Thrivent also recently made the following trade(s):

• On Friday, June 12th, Financial For Luthera Thrivent sold 11,100 shares of Gloo stock. The stock was sold at an average price of $4.59, for a total value of $50,949.00.
• On Wednesday, June 10th, Financial For Luthera Thrivent sold 8,477 shares of Gloo stock. The stock was sold at an average price of $4.70, for a total value of $39,841.90.

Gloo Price Performance

Shares of GLOO opened at $4.57 on Friday. Gloo Holdings has a one year low of $4.45 and a one year high of $9.98. The stock’s 50 day moving average price is $6.00.

Gloo (NASDAQ:GLOO) last issued its quarterly earnings results on Monday, June 8th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The company had revenue of $41.53 million during the quarter. As a group, equities analysts predict that Gloo Holdings will post -0.31 EPS for the current year.

Hedge Funds Weigh In On Gloo

Several large investors have recently modified their holdings of GLOO. Grace & Mercy Foundation Inc. acquired a new position in shares of Gloo in the 4th quarter valued at $14,225,000. 1492 Capital Management LLC acquired a new position in shares of Gloo in the 4th quarter valued at $1,627,000. Annandale Capital LLC acquired a new position in shares of Gloo in the 4th quarter valued at $1,423,000. Waverly Advisors LLC acquired a new position in shares of Gloo in the 1st quarter valued at $1,202,000. Finally, Cornerstone Management Inc. acquired a new position in Gloo during the 1st quarter worth about $601,000.

Analyst Ratings Changes

A number of equities analysts have weighed in on GLOO shares. Benchmark boosted their price objective on Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Weiss Ratings raised Gloo from a “sell (e-)” rating to a “sell (e)” rating in a research note on Friday, May 1st. Finally, Wall Street Zen lowered Gloo from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $16.00.

About Gloo

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.