Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 24,500 Shares of Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 24,500 shares of Gloo stock in a transaction on Monday, June 15th. The shares were sold at an average price of $4.82, for a total value of $118,090.00. Following the sale, the insider directly owned 4,730,000 shares of the company’s stock, valued at approximately $22,798,600. This trade represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 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 shares were sold at an average price of $4.72, for a total value of $20,768.00.
• 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 value of $50,949.00.
• On Thursday, June 11th, Financial For Luthera Thrivent sold 12,400 shares of Gloo stock. The stock was sold at an average price of $4.60, for a total value of $57,040.00.
• On Wednesday, June 10th, Financial For Luthera Thrivent sold 8,477 shares of Gloo stock. The stock was sold at an average price of $4.70, for a total value of $39,841.90.

Gloo Price Performance

GLOO opened at $4.75 on Thursday. Gloo Holdings has a 12 month low of $4.45 and a 12 month high of $9.98. The stock has a fifty day moving average of $5.95.

Gloo (NASDAQ:GLOO) last released its quarterly earnings results on Monday, June 8th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The firm had revenue of $41.53 million during the quarter. Research analysts expect that Gloo Holdings will post -0.31 earnings per share for the current year.

Institutional Trading of Gloo

Several large investors have recently added to or reduced their stakes in GLOO. Grace & Mercy Foundation Inc. acquired a new position in shares of Gloo in the fourth quarter valued at about $14,225,000. 1492 Capital Management LLC acquired a new stake in shares of Gloo during the fourth quarter worth about $1,627,000. Annandale Capital LLC acquired a new stake in shares of Gloo during the fourth quarter worth about $1,423,000. Waverly Advisors LLC acquired a new stake in shares of Gloo during the first quarter worth about $1,202,000. Finally, Cornerstone Management Inc. acquired a new stake in shares of Gloo during the first quarter worth about $601,000.

Analyst Upgrades and Downgrades

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