Insider Selling: Gloo (NASDAQ:GLOO) Major Shareholder Sells 11,100 Shares of Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 11,100 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $4.59, for a total value of $50,949.00. Following the transaction, the insider directly owned 4,754,500 shares in the company, valued at approximately $21,823,155. This represents a 0.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more 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 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 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 value of $39,841.90.

Gloo Stock Down 1.3%

Shares of NASDAQ GLOO traded down $0.06 during midday trading on Friday, reaching $4.57. 111,891 shares of the company were exchanged, compared to its average volume of 169,755. Gloo Holdings has a 1 year low of $4.45 and a 1 year high of $9.98. The company’s fifty day moving average is $6.00.

Gloo (NASDAQ:GLOO) last released its quarterly earnings results on Monday, June 8th. The company reported ($0.22) earnings per share (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 anticipate that Gloo Holdings will post -0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wall Street Zen lowered Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Benchmark increased their target price on Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Weiss Ratings raised 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. According to MarketBeat, Gloo has an average rating of “Hold” and a consensus price target of $16.00.

Hedge Funds Weigh In On Gloo

A number of large investors have recently modified their holdings of GLOO. Grace & Mercy Foundation Inc. purchased a new position in shares of Gloo during the 4th quarter worth approximately $14,225,000. 1492 Capital Management LLC purchased a new position in shares of Gloo during the 4th quarter worth approximately $1,627,000. Annandale Capital LLC purchased a new position in shares of Gloo during the 4th quarter worth approximately $1,423,000. Waverly Advisors LLC purchased a new position in shares of Gloo during the 1st quarter worth approximately $1,202,000. Finally, Cornerstone Management Inc. purchased a new position in shares of Gloo during the 1st quarter worth approximately $601,000.

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.