Financial For Luthera Thrivent Sells 8,477 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 8,477 shares of the firm’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $4.70, for a total value of $39,841.90. Following the sale, the insider directly owned 4,778,000 shares of the company’s stock, valued at approximately $22,456,600. This represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% 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 shares were sold at an average price of $4.59, for a total value of $50,949.00.
• On Thursday, June 11th, Financial For Luthera Thrivent sold 12,400 shares of Gloo stock. The shares were sold at an average price of $4.60, for a total value of $57,040.00.

Gloo Stock Down 1.3%

Shares of Gloo stock opened at $4.57 on Friday. Gloo Holdings has a 1 year low of $4.45 and a 1 year high of $9.98. The company’s fifty day simple moving average is $6.00.

Gloo (NASDAQ:GLOO) last announced its earnings results 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. Equities analysts expect that Gloo Holdings will post -0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GLOO has been the subject of several research reports. Weiss Ratings upgraded Gloo from a “sell (e-)” rating to a “sell (e)” rating in a research note on Friday, May 1st. Wall Street Zen downgraded Gloo from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Finally, Benchmark increased their price target on Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $16.00.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GLOO. EverSource Wealth Advisors LLC boosted its position 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 acquiring an additional 3,996 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Gloo during the 4th quarter valued at about $82,000. Beacon Pointe Advisors LLC bought a new stake in shares of Gloo during the 4th quarter valued at about $142,000. Marshall Wace LLP bought a new stake in shares of Gloo during the 4th quarter valued at about $173,000. Finally, HRT Financial LP bought a new stake in shares of Gloo during the 4th quarter valued at about $179,000.

Gloo Company Profile

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.