Gloo (NASDAQ:GLOO) Major Shareholder Sells $17,252.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 3,800 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $4.54, for a total value of $17,252.00. Following the completion of the sale, the insider directly owned 4,680,200 shares of the company’s stock, valued at approximately $21,248,108. This represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, June 26th, Financial For Luthera Thrivent sold 15,600 shares of Gloo stock. The stock was sold at an average price of $4.33, for a total value of $67,548.00.
• On Thursday, June 25th, Financial For Luthera Thrivent sold 1,600 shares of Gloo stock. The shares were sold at an average price of $4.21, for a total value of $6,736.00.
• 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 value 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 value of $2,033.90.
• On Thursday, June 18th, Financial For Luthera Thrivent sold 6,711 shares of Gloo stock. The stock was sold at an average price of $4.70, for a total transaction of $31,541.70.
• 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 stock was 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 stock was sold at an average price of $4.60, for a total transaction of $57,040.00.

Gloo Stock Up 3.6%

NASDAQ GLOO traded up $0.15 during trading hours on Friday, reaching $4.36. The company’s stock had a trading volume of 151,204 shares, compared to its average volume of 100,817. The company has a 50-day moving average of $5.76. Gloo Holdings has a 52 week low of $4.20 and a 52 week high of $9.98.

Gloo (NASDAQ:GLOO) last posted its earnings results on Monday, June 8th. The company reported ($0.22) 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. As a group, equities research analysts expect that Gloo Holdings will post -0.31 earnings per share for the current year.

Hedge Funds Weigh In On Gloo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Skylands Capital LLC acquired a new stake in Gloo in the 4th quarter valued at approximately $511,000. 1492 Capital Management LLC bought a new position in shares of Gloo in the fourth quarter worth $1,627,000. Annandale Capital LLC bought a new position in shares of Gloo in the fourth quarter worth $1,423,000. HRT Financial LP acquired a new position in shares of Gloo during the fourth quarter valued at $179,000. Finally, Jane Street Group LLC acquired a new position in shares of Gloo during the fourth quarter valued at $82,000.

Wall Street Analyst Weigh In

GLOO has been the topic of several analyst reports. Wall Street Zen lowered Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Benchmark boosted 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. Finally, Weiss Ratings upgraded shares of Gloo from a “sell (e-)” rating to a “sell (e)” rating in a research report on Friday, May 1st. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $16.00.

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.