Financial For Luthera Thrivent Sells 6,711 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 6,711 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $4.70, for a total transaction of $31,541.70. Following the completion of the transaction, the insider directly owned 4,712,289 shares of the company’s stock, valued at $22,147,758.30. This trade represents a 0.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major 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 Tuesday, June 23rd, Financial For Luthera Thrivent sold 27,859 shares of Gloo stock. The shares were sold at an average price of $4.59, for a total value 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 value of $2,033.90.
• 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 value 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 value of $20,768.00.
• 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 stock was 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 stock was 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 Down 2.3%

Shares of Gloo stock traded down $0.11 on Tuesday, hitting $4.59. The company had a trading volume of 85,394 shares, compared to its average volume of 180,924. The company has a 50-day simple moving average of $5.87. Gloo Holdings has a twelve month low of $4.45 and a twelve month high of $9.98.

Gloo (NASDAQ:GLOO) last issued its quarterly earnings data on Monday, June 8th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The company had revenue of $41.53 million for the quarter. Equities analysts anticipate that Gloo Holdings will post -0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Gloo

Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its position 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 valued at $27,000 after acquiring an additional 3,996 shares during the last quarter. Jane Street Group LLC acquired a new position in Gloo during the fourth quarter valued at approximately $82,000. Beacon Pointe Advisors LLC bought a new position in Gloo in the fourth quarter valued at approximately $142,000. Marshall Wace LLP bought a new position in Gloo in the fourth quarter valued at approximately $173,000. Finally, HRT Financial LP acquired a new position in shares of Gloo during the 4th quarter worth approximately $179,000.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Benchmark upped 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 research note on Friday, May 1st. Finally, Wall Street Zen downgraded 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus 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.