Insider Selling: Gloo (NASDAQ:GLOO) Major Shareholder Sells $67,548.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 15,600 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $4.33, for a total value of $67,548.00. Following the completion of the sale, the insider owned 4,663,000 shares in the company, valued at $20,190,790. This trade represents a 0.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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 Thursday, June 25th, Financial For Luthera Thrivent sold 1,600 shares of Gloo stock. The stock was sold at an average price of $4.21, for a total value of $6,736.00.
• On Wednesday, June 24th, Financial For Luthera Thrivent sold 3,800 shares of Gloo stock. The stock was sold at an average price of $4.54, for a total value of $17,252.00.
• On Tuesday, June 23rd, Financial For Luthera Thrivent sold 27,859 shares of Gloo stock. The shares were sold at an average price of $4.59, for a total value of $127,872.81.
• On Monday, June 22nd, Financial For Luthera Thrivent sold 430 shares of Gloo stock. The shares were sold at an average price of $4.73, for a total transaction of $2,033.90.
• On Thursday, June 18th, Financial For Luthera Thrivent sold 6,711 shares of Gloo stock. The stock was sold at an average price of $4.70, for a total transaction of $31,541.70.
• 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 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 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.

Gloo Trading Up 3.6%

Gloo stock traded up $0.15 during trading hours on Friday, reaching $4.36. 151,204 shares of the company’s stock were exchanged, compared to its average volume of 100,817. The stock’s 50 day moving average price is $5.76. Gloo Holdings has a twelve month low of $4.20 and a twelve month high of $9.98.

Gloo (NASDAQ:GLOO) last announced its quarterly earnings data 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 firm had revenue of $41.53 million during the quarter. Equities research analysts forecast that Gloo Holdings will post -0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its position in shares of Gloo by 263.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock valued at $27,000 after acquiring an additional 3,996 shares during the period. Jane Street Group LLC bought a new stake in shares of Gloo in the 4th quarter worth approximately $82,000. Beacon Pointe Advisors LLC purchased a new position in Gloo in the fourth quarter valued at approximately $142,000. Marshall Wace LLP bought a new position in Gloo during the fourth quarter valued at $173,000. Finally, HRT Financial LP purchased a new stake in Gloo in the fourth quarter worth $179,000.

Analysts Set New Price Targets

GLOO has been the subject of several recent research reports. Wall Street Zen downgraded shares of Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Benchmark boosted their target price on Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Finally, Weiss Ratings raised Gloo from a “sell (e-)” rating to a “sell (e)” rating in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Gloo presently has a consensus rating of “Hold” and a consensus target price of $16.00.

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.