Financial For Luthera Thrivent Sells 6,600 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 6,600 shares of Gloo stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $4.74, for a total value of $31,284.00. Following the completion of the sale, the insider directly owned 4,719,000 shares in the company, valued at $22,368,060. This represents a 0.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 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 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 stock was 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 Price Performance

NASDAQ:GLOO opened at $4.69 on Friday. Gloo Holdings has a twelve month low of $4.45 and a twelve month high of $9.98. The business’s 50 day moving average price is $5.93.

Gloo (NASDAQ:GLOO) last posted its quarterly earnings data 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. On average, sell-side analysts forecast that Gloo Holdings will post -0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gloo

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Skylands Capital LLC acquired a new stake in shares of Gloo in the 4th quarter valued at approximately $511,000. 1492 Capital Management LLC bought a new stake in Gloo during the fourth quarter worth $1,627,000. Annandale Capital LLC bought a new position in shares of Gloo in the 4th quarter valued at about $1,423,000. HRT Financial LP acquired a new position in shares of Gloo during the 4th quarter worth about $179,000. Finally, Jane Street Group LLC bought a new stake in shares of Gloo in the 4th quarter valued at about $82,000.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. 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 note on Tuesday, June 9th. Weiss Ratings upgraded shares of Gloo from a “sell (e-)” rating to a “sell (e)” rating in a research note on Friday, May 1st. Finally, Wall Street Zen cut Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Gloo currently has a consensus 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.