Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 24,500 Shares

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 24,500 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $4.82, for a total transaction of $118,090.00. Following the transaction, the insider owned 4,730,000 shares of the company’s stock, valued at $22,798,600. This represents a 0.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 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 transaction of $31,284.00.
• On Tuesday, June 16th, Financial For Luthera Thrivent sold 4,400 shares of Gloo stock. The stock was sold at an average price of $4.72, for a total transaction of $20,768.00.
• 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 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 stock was sold at an average price of $4.70, for a total transaction of $39,841.90.

Gloo Stock Up 0.6%

GLOO traded up $0.03 on Wednesday, reaching $4.75. The company had a trading volume of 112,563 shares, compared to its average volume of 176,134. The firm has a fifty day moving average of $5.95. Gloo Holdings has a one year low of $4.45 and a one year high of $9.98.

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 analysts’ consensus estimates of ($0.16) by ($0.06). The company had revenue of $41.53 million for the quarter. On average, equities analysts expect that Gloo Holdings will post -0.31 EPS for the current year.

Institutional Trading of Gloo

A number of hedge funds have recently bought and sold shares of the company. Grace & Mercy Foundation Inc. purchased a new stake in Gloo during the fourth quarter valued at about $14,225,000. 1492 Capital Management LLC lifted its stake in Gloo by 5.5% during the first quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock valued at $1,451,000 after buying an additional 15,824 shares in the last quarter. Waverly Advisors LLC purchased a new stake in Gloo during the first quarter valued at about $1,202,000. Annandale Capital LLC purchased a new stake in Gloo during the fourth quarter valued at about $1,423,000. Finally, Cornerstone Management Inc. purchased a new stake in Gloo during the first quarter valued at about $601,000.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Benchmark increased their target price on shares of Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Weiss Ratings raised shares of Gloo from a “sell (e-)” rating to a “sell (e)” rating in a report on Friday, May 1st. Finally, Wall Street Zen downgraded shares of Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average 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.