Financial For Luthera Thrivent Sells 4,000 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 4,000 shares of the stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $4.51, for a total transaction of $18,040.00. Following the completion of the sale, the insider directly owned 4,659,000 shares in the company, valued at $21,012,090. This trade represents a 0.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions 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 shares were sold at an average price of $4.82, for a total value of $57,840.00.
• 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 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 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 shares were 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 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 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 transaction of $20,768.00.
• On Monday, June 15th, Financial For Luthera Thrivent sold 24,500 shares of Gloo stock. The stock was sold at an average price of $4.82, for a total transaction of $118,090.00.

Gloo Trading Down 3.5%

GLOO stock opened at $4.44 on Friday. Gloo Holdings has a 12 month low of $4.20 and a 12 month high of $9.98. The business has a 50-day moving average of $5.50.

Gloo (NASDAQ:GLOO) last released its quarterly earnings data 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. On average, equities research analysts expect that Gloo Holdings will post -0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Gloo

Large investors have recently modified their holdings of the business. Grace & Mercy Foundation Inc. bought a new position in shares of Gloo during the fourth quarter valued at approximately $14,225,000. Cornerstone Management Inc. bought a new position in Gloo in the first quarter worth approximately $601,000. Skylands Capital LLC purchased a new stake in Gloo during the fourth quarter worth $511,000. 1492 Capital Management LLC purchased a new stake in Gloo during the fourth quarter worth $1,627,000. Finally, Annandale Capital LLC bought a new stake in Gloo during the 4th quarter valued at $1,423,000.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Weiss Ratings raised Gloo from a “sell (e-)” rating to a “sell (e)” rating in a research note on Friday, May 1st. Wall Street Zen lowered Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Benchmark increased 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. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.