Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 4,400 Shares

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 4,400 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $4.72, for a total transaction of $20,768.00. Following the sale, the insider owned 4,725,600 shares of the company’s stock, valued at approximately $22,304,832. The trade was a 0.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 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, 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 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.
• On Friday, June 12th, Financial For Luthera Thrivent sold 11,100 shares of Gloo stock. The stock was 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

GLOO stock opened at $4.75 on Thursday. The firm’s fifty day simple moving average is $5.95. Gloo Holdings has a 52 week low of $4.45 and a 52 week high of $9.98.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GLOO. 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 lowered shares of Gloo from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Finally, Benchmark boosted their price objective on shares of Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Gloo has a consensus rating of “Hold” and a consensus target price of $16.00.

Institutional Investors Weigh In On Gloo

Several hedge funds have recently bought and sold shares of GLOO. EverSource Wealth Advisors LLC boosted its stake in Gloo by 263.4% during the first quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock worth $27,000 after acquiring an additional 3,996 shares in the last quarter. Jane Street Group LLC bought a new stake in Gloo during the fourth quarter worth about $82,000. Beacon Pointe Advisors LLC bought a new stake in Gloo during the fourth quarter worth about $142,000. Marshall Wace LLP bought a new stake in Gloo during the fourth quarter worth about $173,000. Finally, HRT Financial LP bought a new stake in Gloo during the fourth quarter worth about $179,000.

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.