Insider Selling: Gloo (NASDAQ:GLOO) Major Shareholder Sells 4,400 Shares of Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 4,400 shares of Gloo stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $4.72, for a total value of $20,768.00. Following the completion of the sale, the insider directly owned 4,725,600 shares in the company, valued at $22,304,832. This represents a 0.09% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more 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 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 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.
• 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 shares were 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 shares were sold at an average price of $4.70, for a total value of $39,841.90.

Gloo Trading Up 0.6%

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

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 analysts’ consensus estimates of ($0.16) by ($0.06). The firm had revenue of $41.53 million for the quarter. Sell-side analysts forecast that Gloo Holdings will post -0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GLOO. Grace & Mercy Foundation Inc. acquired a new position in Gloo in the 4th quarter valued at $14,225,000. 1492 Capital Management LLC acquired a new position in Gloo in the 4th quarter valued at $1,627,000. Waverly Advisors LLC acquired a new position in Gloo in the 1st quarter valued at $1,202,000. Annandale Capital LLC acquired a new position in Gloo in the 4th quarter valued at $1,423,000. Finally, Cornerstone Management Inc. acquired a new position in Gloo in the 1st quarter valued at $601,000.

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.