Gloo (NASDAQ:GLOO) Major Shareholder Sells $57,040.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 12,400 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $4.60, for a total value of $57,040.00. Following the completion of the transaction, the insider directly owned 4,765,600 shares of the company’s stock, valued at $21,921,760. The trade was a 0.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own 10% or more 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 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 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 Trading Down 1.3%

NASDAQ GLOO traded down $0.06 during trading hours on Friday, reaching $4.57. The company’s stock had a trading volume of 111,891 shares, compared to its average volume of 169,755. Gloo Holdings has a 1-year low of $4.45 and a 1-year high of $9.98. The firm has a 50-day moving average price of $6.00.

Gloo (NASDAQ:GLOO) last released 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 during the quarter. Equities analysts predict that Gloo Holdings will post -0.31 EPS for the current fiscal year.

Analyst Ratings Changes

GLOO has been the subject of several research reports. Benchmark boosted their price objective on Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday. 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 lowered Gloo from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $16.00.

Institutional Investors Weigh In On Gloo

Several large investors have recently bought and sold shares of GLOO. EverSource Wealth Advisors LLC grew 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 purchasing an additional 3,996 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Gloo in the fourth quarter valued at approximately $82,000. Beacon Pointe Advisors LLC purchased a new stake in shares of Gloo in the fourth quarter valued at approximately $142,000. Marshall Wace LLP purchased a new stake in shares of Gloo in the fourth quarter valued at approximately $173,000. Finally, HRT Financial LP purchased a new stake in shares of Gloo in the fourth quarter valued at approximately $179,000.

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.