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 stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $4.74, for a total transaction of $31,284.00. Following the sale, the insider directly owned 4,719,000 shares of the company’s stock, valued at $22,368,060. The trade was a 0.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% 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 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

NASDAQ:GLOO opened at $4.75 on Thursday. Gloo Holdings has a 52 week low of $4.45 and a 52 week high of $9.98. The company’s 50 day moving average price is $5.95.

Gloo (NASDAQ:GLOO) last issued 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 business had revenue of $41.53 million for the quarter. As a group, equities analysts anticipate that Gloo Holdings will post -0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Benchmark upped their price target on shares of Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Wall Street Zen lowered shares of Gloo from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. 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 investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $16.00.

Institutional Trading of Gloo

A number of hedge funds and other institutional investors have recently made changes to their positions in GLOO. Grace & Mercy Foundation Inc. acquired a new stake in shares of Gloo in the fourth quarter worth $14,225,000. 1492 Capital Management LLC acquired a new stake in shares of Gloo in the fourth quarter worth $1,627,000. Annandale Capital LLC acquired a new stake in shares of Gloo in the fourth quarter worth $1,423,000. Waverly Advisors LLC acquired a new stake in shares of Gloo in the first quarter worth $1,202,000. Finally, Cornerstone Management Inc. acquired a new stake in shares of Gloo in the first quarter worth $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.