Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 6,711 Shares of Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 6,711 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $4.70, for a total transaction of $31,541.70. Following the sale, the insider directly owned 4,712,289 shares of the company’s stock, valued at approximately $22,147,758.30. This trade represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, June 23rd, Financial For Luthera Thrivent sold 27,859 shares of Gloo stock. The shares were sold at an average price of $4.59, for a total transaction of $127,872.81.
• On Monday, June 22nd, Financial For Luthera Thrivent sold 430 shares of Gloo stock. The stock was sold at an average price of $4.73, for a total transaction of $2,033.90.
• On Wednesday, June 17th, Financial For Luthera Thrivent sold 6,600 shares of Gloo stock. The stock was 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 Monday, June 15th, Financial For Luthera Thrivent sold 24,500 shares of Gloo stock. The shares were sold at an average price of $4.82, for a total transaction of $118,090.00.
• 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 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 value of $39,841.90.

Gloo Trading Down 2.3%

Shares of GLOO stock opened at $4.59 on Wednesday. Gloo Holdings has a 12-month low of $4.45 and a 12-month high of $9.98. The stock has a 50-day moving average price of $5.87.

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 company had revenue of $41.53 million during the quarter. As a group, analysts predict that Gloo Holdings will post -0.31 EPS for the current year.

Institutional Trading of Gloo

Several hedge funds and other institutional investors have recently bought and sold shares of GLOO. EverSource Wealth Advisors LLC boosted its stake in Gloo by 263.4% during the first quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock worth $27,000 after buying an additional 3,996 shares during the period. Jane Street Group LLC purchased a new stake in shares of Gloo in the fourth quarter valued at $82,000. 1492 Capital Management LLC lifted its holdings in shares of Gloo by 5.5% in the 1st quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock worth $1,451,000 after acquiring an additional 15,824 shares during the last quarter. Beacon Pointe Advisors LLC bought a new stake in shares of Gloo in the 4th quarter worth about $142,000. Finally, Marshall Wace LLP purchased a new position in shares of Gloo during the 4th quarter worth about $173,000.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GLOO. Weiss Ratings upgraded shares of Gloo from a “sell (e-)” rating to a “sell (e)” rating in a research report on Friday, May 1st. Wall Street Zen lowered shares of Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Benchmark lifted their price objective on shares of 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 assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $16.00.

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.