Insider Selling: Gloo (NASDAQ:GLOO) Major Shareholder Sells 24,500 Shares of Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 24,500 shares of Gloo stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $4.82, for a total transaction of $118,090.00. Following the transaction, the insider directly owned 4,730,000 shares in the company, valued at approximately $22,798,600. This trade represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 Wednesday, June 17th, Financial For Luthera Thrivent sold 6,600 shares of Gloo stock. The shares were sold at an average price of $4.74, for a total transaction of $31,284.00.
• On Tuesday, June 16th, Financial For Luthera Thrivent sold 4,400 shares of Gloo stock. The shares were sold at an average price of $4.72, for a total transaction of $20,768.00.
• 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 transaction 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 transaction of $57,040.00.
• On Wednesday, June 10th, Financial For Luthera Thrivent sold 8,477 shares of Gloo stock. The shares were sold at an average price of $4.70, for a total transaction of $39,841.90.

Gloo Stock Up 0.6%

GLOO stock traded up $0.03 during midday trading on Wednesday, reaching $4.75. 112,563 shares of the company’s stock traded hands, compared to its average volume of 176,134. Gloo Holdings has a fifty-two week low of $4.45 and a fifty-two week high of $9.98. The stock’s 50-day simple moving average is $5.95.

Gloo (NASDAQ:GLOO) last posted its earnings results on Monday, June 8th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The firm had revenue of $41.53 million for the quarter. On average, equities analysts forecast that Gloo Holdings will post -0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GLOO has been the topic of several recent analyst reports. Benchmark upped their price target on shares of Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Wall Street Zen cut shares of Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Finally, Weiss Ratings raised shares of Gloo from a “sell (e-)” rating to a “sell (e)” rating in a report on Friday, May 1st. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $16.00.

Institutional Trading of Gloo

Several institutional investors have recently added to or reduced their stakes in GLOO. Grace & Mercy Foundation Inc. bought a new stake in Gloo during the fourth quarter valued at $14,225,000. 1492 Capital Management LLC bought a new position in shares of Gloo during the fourth quarter worth about $1,627,000. Waverly Advisors LLC bought a new position in shares of Gloo during the first quarter worth about $1,202,000. Annandale Capital LLC bought a new position in shares of Gloo during the fourth quarter worth about $1,423,000. Finally, Cornerstone Management Inc. bought a new position in shares of Gloo during the first quarter worth about $601,000.

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.