Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 12,400 Shares

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 12,400 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $4.60, for a total value of $57,040.00. Following the sale, the insider directly owned 4,765,600 shares in the company, valued at approximately $21,921,760. This trade represents a 0.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% 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 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 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 value of $39,841.90.

Gloo Stock Performance

NASDAQ GLOO opened at $4.57 on Friday. Gloo Holdings has a twelve month low of $4.45 and a twelve month high of $9.98. The firm’s fifty day moving average price is $6.00.

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 during the quarter. On average, analysts forecast that Gloo Holdings will post -0.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in GLOO. Grace & Mercy Foundation Inc. bought a new position in shares of Gloo in the 4th quarter worth about $14,225,000. 1492 Capital Management LLC bought a new position in shares of Gloo in the 4th quarter worth about $1,627,000. Annandale Capital LLC bought a new position in shares of Gloo in the 4th quarter worth about $1,423,000. Waverly Advisors LLC bought a new position in shares of Gloo in the 1st quarter worth about $1,202,000. Finally, Cornerstone Management Inc. bought a new position in shares of Gloo in the 1st quarter worth about $601,000.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Wall Street Zen lowered Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Benchmark raised their target price on Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Weiss Ratings raised 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $16.00.

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.