Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 6,600 Shares

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 6,600 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $4.74, for a total transaction of $31,284.00. Following the completion of the transaction, the insider directly owned 4,719,000 shares in the company, valued at $22,368,060. This trade represents a 0.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own more than 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 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 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 Price Performance

Gloo stock traded up $0.03 during midday trading on Wednesday, hitting $4.75. 112,563 shares of the stock were exchanged, compared to its average volume of 176,134. The firm has a fifty day moving average price of $5.95. Gloo Holdings has a 52 week low of $4.45 and a 52 week high of $9.98.

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

Analysts Set New Price Targets

Several analysts have commented on the stock. Weiss Ratings upgraded shares of Gloo from a “sell (e-)” rating to a “sell (e)” rating in a report on Friday, May 1st. Wall Street Zen downgraded shares of Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Finally, Benchmark lifted their price objective on shares of Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a report 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’s stock. According to data from MarketBeat.com, Gloo currently has a consensus rating of “Hold” and a consensus target price of $16.00.

Hedge Funds Weigh In On Gloo

A number of institutional investors have recently added to or reduced their stakes in GLOO. Skylands Capital LLC acquired a new position in Gloo during the fourth quarter worth $511,000. 1492 Capital Management LLC bought a new position in Gloo during the fourth quarter worth $1,627,000. Annandale Capital LLC bought a new position in Gloo during the fourth quarter worth $1,423,000. HRT Financial LP bought a new position in Gloo during the fourth quarter worth $179,000. Finally, Jane Street Group LLC bought a new stake in shares of Gloo in the fourth quarter valued at about $82,000.

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.