Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 8,477 Shares

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 8,477 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $4.70, for a total value of $39,841.90. Following the transaction, the insider directly owned 4,778,000 shares in the company, valued at $22,456,600. This trade represents a 0.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large 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 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.

Gloo Price Performance

Gloo stock opened at $4.57 on Friday. Gloo Holdings has a 1 year low of $4.45 and a 1 year high of $9.98. The stock’s 50-day moving average is $6.00.

Gloo (NASDAQ:GLOO) last announced its quarterly 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 company had revenue of $41.53 million for the quarter. Equities analysts forecast that Gloo Holdings will post -0.31 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on GLOO. Wall Street Zen downgraded shares of Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Benchmark increased their price target on shares of Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Weiss Ratings upgraded shares of Gloo from a “sell (e-)” rating to a “sell (e)” rating in a research report on Friday, May 1st. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $16.00.

Institutional Investors Weigh In On Gloo

Several large investors have recently modified their holdings of GLOO. EverSource Wealth Advisors LLC increased its holdings 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 in the last quarter. Jane Street Group LLC bought a new stake in shares of Gloo in the fourth quarter worth about $82,000. Beacon Pointe Advisors LLC bought a new position in shares of Gloo during the fourth quarter worth about $142,000. Marshall Wace LLP bought a new position in shares of Gloo during the fourth quarter worth about $173,000. Finally, HRT Financial LP bought a new position in shares of Gloo during the fourth 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.