Insider Selling: Gloo (NASDAQ:GLOO) Major Shareholder Sells $20,768.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 4,400 shares of Gloo stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $4.72, for a total value of $20,768.00. Following the completion of the transaction, the insider owned 4,725,600 shares in the company, valued at approximately $22,304,832. This represents a 0.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 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 Wednesday, June 17th, Financial For Luthera Thrivent sold 6,600 shares of Gloo stock. The stock was sold at an average price of $4.74, for a total value of $31,284.00.
• On Monday, June 15th, Financial For Luthera Thrivent sold 24,500 shares of Gloo stock. The stock was 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 Stock Performance

NASDAQ GLOO opened at $4.69 on Friday. The business’s fifty day moving average is $5.91. Gloo Holdings has a fifty-two week low of $4.45 and a fifty-two week high of $9.98.

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GLOO. Weiss Ratings upgraded shares of Gloo from a “sell (e-)” rating to a “sell (e)” rating in a research report on Friday, May 1st. Benchmark boosted their target price on shares of Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Finally, Wall Street Zen lowered shares of Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $16.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Grace & Mercy Foundation Inc. bought a new stake in shares of Gloo in the 4th quarter worth approximately $14,225,000. 1492 Capital Management LLC grew its holdings in Gloo by 5.5% during the first quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock valued at $1,451,000 after purchasing an additional 15,824 shares during the period. Waverly Advisors LLC bought a new position in Gloo during the first quarter valued at $1,202,000. Annandale Capital LLC purchased a new stake in Gloo in the fourth quarter worth $1,423,000. Finally, Cornerstone Management Inc. purchased a new stake in 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.