Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 12,000 Shares

Gloo Holdings (NASDAQ:GLOOGet Free Report) major shareholder Financial For Luthera Thrivent sold 12,000 shares of Gloo stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $4.82, for a total transaction of $57,840.00. Following the sale, the insider directly owned 4,643,000 shares in the company, valued at $22,379,260. The trade was a 0.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Monday, June 29th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The shares were sold at an average price of $4.51, for a total value of $18,040.00.
  • On Friday, June 26th, Financial For Luthera Thrivent sold 15,600 shares of Gloo stock. The stock was sold at an average price of $4.33, for a total value of $67,548.00.
  • 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 transaction 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 transaction 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 stock was sold at an average price of $4.73, for a total value 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 shares were sold at an average price of $4.74, for a total value of $31,284.00.
  • On Tuesday, June 16th, Financial For Luthera Thrivent sold 4,400 shares of Gloo stock. The stock was 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.

Gloo Trading Up 1.1%

GLOO traded up $0.05 on Wednesday, hitting $4.60. The company had a trading volume of 148,136 shares, compared to its average volume of 183,755. The company’s fifty day moving average is $5.57. Gloo Holdings has a 12-month low of $4.20 and a 12-month high of $9.98.

Gloo (NASDAQ:GLOOGet Free Report) last issued 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 business had revenue of $41.53 million during the quarter. On average, research analysts forecast that Gloo Holdings will post -0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

View Our Latest Report on Gloo

Institutional Investors Weigh In On Gloo

Several hedge funds have recently made changes to their positions in the company. Grace & Mercy Foundation Inc. bought a new position in shares of Gloo during the 4th quarter worth $14,225,000. Cornerstone Management Inc. bought a new stake in shares of Gloo in the first quarter valued at about $601,000. Skylands Capital LLC purchased a new stake in Gloo in the fourth quarter worth about $511,000. 1492 Capital Management LLC purchased a new stake in Gloo in the fourth quarter worth about $1,627,000. Finally, Jane Street Group LLC bought a new position in Gloo during the 4th quarter worth about $82,000.

About Gloo

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Gloo (NASDAQ:GLOO)

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