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

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 12,000 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $4.82, for a total value of $57,840.00. Following the sale, the insider directly owned 4,643,000 shares of the company’s stock, valued at $22,379,260. This represents a 0.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 transaction of $18,040.00.
• On Friday, June 26th, Financial For Luthera Thrivent sold 15,600 shares of Gloo stock. The shares were 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 shares were 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 transaction 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 transaction 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 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 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 transaction of $118,090.00.

Gloo Price Performance

Shares of NASDAQ GLOO opened at $4.60 on Thursday. Gloo Holdings has a fifty-two week low of $4.20 and a fifty-two week high of $9.98. The firm has a 50-day moving average of $5.57.

Gloo (NASDAQ:GLOO) last posted its quarterly earnings results on Monday, June 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The business had revenue of $41.53 million for the quarter. As a group, sell-side analysts forecast that Gloo Holdings will post -0.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on GLOO shares. Weiss Ratings raised shares of Gloo from a “sell (e-)” rating to a “sell (e)” rating in a report on Friday, May 1st. Benchmark lifted their price target on shares of Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Finally, Wall Street Zen cut Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $16.00.

Hedge Funds Weigh In On Gloo

Institutional investors have recently modified their holdings of the business. Skylands Capital LLC bought a new stake in shares of Gloo in the fourth quarter valued at $511,000. 1492 Capital Management LLC purchased a new position in shares of Gloo in the fourth quarter valued at about $1,627,000. Annandale Capital LLC purchased a new stake in Gloo in the fourth quarter worth $1,423,000. HRT Financial LP purchased a new position in shares of Gloo during the 4th quarter worth approximately $179,000. Finally, Jane Street Group LLC bought a new stake in Gloo during the fourth quarter worth about $82,000.

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.