Financial For Luthera Thrivent Sells 3,800 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 3,800 shares of the stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $4.54, for a total value of $17,252.00. Following the completion of the transaction, the insider owned 4,680,200 shares of the company’s stock, valued at $21,248,108. This trade represents a 0.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more 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 Friday, June 26th, Financial For Luthera Thrivent sold 15,600 shares of Gloo stock. The stock was 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 shares were sold at an average price of $4.21, for a total transaction of $6,736.00.
• On Tuesday, June 23rd, Financial For Luthera Thrivent sold 27,859 shares of Gloo stock. The stock was sold at an average price of $4.59, for a total transaction of $127,872.81.
• On Monday, June 22nd, Financial For Luthera Thrivent sold 430 shares of Gloo stock. The stock was sold at an average price of $4.73, for a total transaction 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 transaction of $31,541.70.
• 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 transaction 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.
• 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.

Gloo Stock Performance

Shares of NASDAQ:GLOO opened at $4.36 on Friday. The firm’s fifty day moving average price is $5.76. Gloo Holdings has a 12-month low of $4.20 and a 12-month high of $9.98.

Gloo (NASDAQ:GLOO) last issued its earnings results on Monday, June 8th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The firm had revenue of $41.53 million during the quarter. On average, sell-side analysts forecast that Gloo Holdings will post -0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gloo

Institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its stake in shares of Gloo by 263.4% in 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 during the last quarter. Jane Street Group LLC purchased a new position in Gloo in the fourth quarter valued at about $82,000. 1492 Capital Management LLC grew its stake in Gloo by 5.5% in the first quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock valued at $1,451,000 after purchasing an additional 15,824 shares in the last quarter. Beacon Pointe Advisors LLC acquired a new position in Gloo in the 4th quarter worth about $142,000. Finally, Marshall Wace LLP acquired a new position in Gloo in the 4th quarter worth about $173,000.

Analyst Upgrades and Downgrades

GLOO has been the subject of a number of research reports. Benchmark raised their price objective on Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a research 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 lowered shares of Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Two 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, Gloo has an average rating of “Hold” and a consensus price target of $16.00.

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.