Gloo (NASDAQ:GLOO) Major Shareholder Sells $31,284.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 6,600 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $4.74, for a total transaction of $31,284.00. Following the completion of the sale, the insider directly owned 4,719,000 shares of the company’s stock, valued at approximately $22,368,060. This trade represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 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 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 shares were 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

Shares of GLOO stock traded up $0.03 during mid-day trading on Wednesday, reaching $4.75. The company’s stock had a trading volume of 112,563 shares, compared to its average volume of 176,134. Gloo Holdings has a 1-year low of $4.45 and a 1-year high of $9.98. The firm’s 50-day moving average is $5.95.

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 for the quarter. On average, sell-side analysts predict that Gloo Holdings will post -0.31 earnings per share for the current year.

Analysts Set New Price Targets

GLOO has been the subject of a number of recent research reports. Benchmark increased their price objective 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. Wall Street Zen cut shares of Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Weiss Ratings upgraded shares of Gloo from a “sell (e-)” rating to a “sell (e)” rating in a research report on Friday, May 1st. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Gloo presently has an average rating of “Hold” and an average price target of $16.00.

Institutional Investors Weigh In On Gloo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GLOO. EverSource Wealth Advisors LLC increased its position 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 acquiring an additional 3,996 shares in the last quarter. Jane Street Group LLC acquired a new stake in Gloo in the 4th quarter valued at about $82,000. Beacon Pointe Advisors LLC acquired a new stake in Gloo in the 4th quarter valued at about $142,000. Marshall Wace LLP bought a new position in shares of Gloo in the 4th quarter valued at about $173,000. Finally, HRT Financial LP bought a new position in shares of Gloo in the 4th quarter valued at about $179,000.

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.