Financial For Luthera Thrivent Sells 11,100 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 11,100 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $4.59, for a total transaction of $50,949.00. Following the transaction, the insider owned 4,754,500 shares of the company’s stock, valued at $21,823,155. This trade represents a 0.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Financial For Luthera Thrivent also recently made the following trade(s):

• On Thursday, June 11th, Financial For Luthera Thrivent sold 12,400 shares of Gloo stock. The stock was 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 stock was sold at an average price of $4.70, for a total value of $39,841.90.

Gloo Price Performance

Shares of NASDAQ:GLOO opened at $4.57 on Friday. Gloo Holdings has a 12-month low of $4.45 and a 12-month high of $9.98. The stock’s fifty day moving average is $6.00.

Gloo (NASDAQ:GLOO) last announced its 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 company had revenue of $41.53 million during the quarter. Analysts expect that Gloo Holdings will post -0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on GLOO shares. Benchmark increased their price target on Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Weiss Ratings upgraded Gloo from a “sell (e-)” rating to a “sell (e)” rating in a report on Friday, May 1st. Finally, Wall Street Zen downgraded 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 stock. According to data from MarketBeat, Gloo has an average rating of “Hold” and a consensus price target of $16.00.

Hedge Funds Weigh In On Gloo

Institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its position in shares of Gloo by 263.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock worth $27,000 after purchasing an additional 3,996 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Gloo during the 4th quarter worth about $82,000. Beacon Pointe Advisors LLC bought a new position in shares of Gloo during the 4th quarter worth about $142,000. Marshall Wace LLP bought a new position in shares of Gloo during the 4th quarter worth about $173,000. Finally, HRT Financial LP bought a new position in shares of Gloo during the 4th quarter worth about $179,000.

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.