Gloo (NASDAQ:GLOO) Major Shareholder Sells $18,040.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $4.51, for a total transaction of $18,040.00. Following the sale, the insider owned 4,659,000 shares of the company’s stock, valued at approximately $21,012,090. This represents a 0.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own more than 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, July 1st, Financial For Luthera Thrivent sold 12,000 shares of Gloo stock. The stock was sold at an average price of $4.82, for a total transaction of $57,840.00.
• 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 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 stock was 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 shares were sold at an average price of $4.70, for a total value 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 transaction 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 value 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 value of $118,090.00.

Gloo Price Performance

Shares of Gloo stock traded up $0.05 during trading on Wednesday, reaching $4.60. The stock had a trading volume of 148,136 shares, compared to its average volume of 183,755. The business’s fifty day simple moving average is $5.57. Gloo Holdings has a 52 week low of $4.20 and a 52 week high of $9.98.

Gloo (NASDAQ:GLOO) last announced its 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 company had revenue of $41.53 million during the quarter. On average, equities analysts expect that Gloo Holdings will post -0.31 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its holdings in Gloo by 263.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock valued at $27,000 after buying an additional 3,996 shares during the period. Waverly Advisors LLC bought a new stake in shares of Gloo during the 1st quarter worth approximately $1,202,000. 1492 Capital Management LLC boosted its position in shares of Gloo by 5.5% during the 1st quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock worth $1,451,000 after acquiring an additional 15,824 shares in the last quarter. Cornerstone Management Inc. bought a new position in Gloo in the first quarter valued at approximately $601,000. Finally, Beacon Pointe Advisors LLC acquired a new position in Gloo during the fourth quarter valued at approximately $142,000.

Analyst Upgrades and Downgrades

GLOO has been the subject of several analyst reports. Benchmark raised their target price 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. Weiss Ratings upgraded 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 report on Saturday, May 23rd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $16.00.

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.