Financial For Luthera Thrivent Sells 24,500 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 24,500 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $4.82, for a total transaction of $118,090.00. Following the sale, the insider directly owned 4,730,000 shares of the company’s stock, valued at approximately $22,798,600. This trade represents a 0.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• 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 shares were sold at an average price of $4.72, for a total transaction of $20,768.00.
• On Friday, June 12th, Financial For Luthera Thrivent sold 11,100 shares of Gloo stock. The stock was 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

Shares of Gloo stock opened at $4.69 on Friday. Gloo Holdings has a twelve month low of $4.45 and a twelve month high of $9.98. The business’s fifty day simple moving average is $5.93.

Gloo (NASDAQ:GLOO) last released its quarterly earnings data on Monday, June 8th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The business had revenue of $41.53 million during the quarter. As a group, sell-side analysts expect that Gloo Holdings will post -0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Gloo

A number of institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its position in Gloo by 263.4% in the first quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock worth $27,000 after buying an additional 3,996 shares during the period. Jane Street Group LLC bought a new position in shares of Gloo in the fourth quarter worth $82,000. Beacon Pointe Advisors LLC bought a new position in shares of Gloo in the fourth quarter worth $142,000. Marshall Wace LLP bought a new stake in shares of Gloo during the 4th quarter worth about $173,000. Finally, HRT Financial LP acquired a new stake in Gloo in the fourth quarter worth approximately $179,000.

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.