Financial For Luthera Thrivent Sells 4,400 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 4,400 shares of Gloo stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $4.72, for a total transaction of $20,768.00. Following the sale, the insider owned 4,725,600 shares in the company, valued at approximately $22,304,832. The trade was a 0.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more 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 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 Monday, June 15th, Financial For Luthera Thrivent sold 24,500 shares of Gloo stock. The stock was 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 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 stock was sold at an average price of $4.70, for a total transaction of $39,841.90.

Gloo Stock Down 1.3%

GLOO opened at $4.69 on Friday. The firm’s 50-day moving average is $5.93. Gloo Holdings has a 52 week low of $4.45 and a 52 week high of $9.98.

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

Analysts Set New Price Targets

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

Institutional Trading of Gloo

Several hedge funds have recently made changes to their positions in GLOO. EverSource Wealth Advisors LLC grew its position in Gloo by 263.4% in the first quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock worth $27,000 after acquiring an additional 3,996 shares in the last quarter. Jane Street Group LLC purchased a new stake in Gloo during the fourth quarter valued at approximately $82,000. Beacon Pointe Advisors LLC bought a new stake in shares of Gloo in the 4th quarter valued at approximately $142,000. Marshall Wace LLP bought a new position in shares of Gloo during the 4th quarter valued at approximately $173,000. Finally, HRT Financial LP purchased a new stake in Gloo during the 4th quarter valued at $179,000.

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.