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 business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $4.70, for a total value of $31,541.70. Following the transaction, the insider owned 4,712,289 shares of the company’s stock, valued at $22,147,758.30. This trade represents a 0.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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 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 shares were 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 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 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 value 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 value 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 Performance

Shares of NASDAQ GLOO traded down $0.11 during trading on Tuesday, hitting $4.59. The company had a trading volume of 85,394 shares, compared to its average volume of 180,924. The firm has a 50-day moving average of $5.87. Gloo Holdings has a 52 week low of $4.45 and a 52 week high of $9.98.

Gloo (NASDAQ:GLOO) last announced 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. On average, research analysts forecast that Gloo Holdings will post -0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Benchmark upped their price target on Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Finally, Weiss Ratings upgraded shares of Gloo from a “sell (e-)” rating to a “sell (e)” rating in a research note on Friday, May 1st. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $16.00.

Institutional Investors Weigh In On Gloo

Hedge funds and other institutional investors have recently bought and sold shares of the business. Grace & Mercy Foundation Inc. acquired a new stake in shares of Gloo in the fourth quarter valued at $14,225,000. 1492 Capital Management LLC bought a new stake in shares of Gloo during the fourth quarter worth approximately $1,627,000. Waverly Advisors LLC bought a new stake in shares of Gloo during the 1st quarter valued at $1,202,000. Annandale Capital LLC bought a new position in shares of Gloo in the 4th quarter worth $1,423,000. Finally, Cornerstone Management Inc. acquired a new stake in shares of Gloo during the first quarter worth $601,000.

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.