Financial For Luthera Thrivent Sells 12,000 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 12,000 shares of Gloo stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $4.82, for a total value of $57,840.00. Following the completion of the sale, the insider owned 4,643,000 shares of the company’s stock, valued at approximately $22,379,260. The trade was a 0.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Financial For Luthera Thrivent also recently made the following trade(s):

• On Monday, June 29th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The shares were sold at an average price of $4.51, for a total transaction of $18,040.00.
• On Friday, June 26th, Financial For Luthera Thrivent sold 15,600 shares of Gloo stock. The shares were sold at an average price of $4.33, for a total transaction of $67,548.00.
• On Thursday, June 25th, Financial For Luthera Thrivent sold 1,600 shares of Gloo stock. The stock was sold at an average price of $4.21, for a total transaction of $6,736.00.
• On Wednesday, June 24th, Financial For Luthera Thrivent sold 3,800 shares of Gloo stock. The stock was sold at an average price of $4.54, for a total transaction of $17,252.00.
• 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 transaction of $127,872.81.
• On Monday, June 22nd, Financial For Luthera Thrivent sold 430 shares of Gloo stock. The shares were 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 shares were sold at an average price of $4.82, for a total value of $118,090.00.

Gloo Stock Down 3.5%

Shares of Gloo stock opened at $4.44 on Friday. The business’s fifty day moving average is $5.50. Gloo Holdings has a 12 month low of $4.20 and a 12 month high of $9.98.

Gloo (NASDAQ:GLOO) last released its earnings results on Monday, June 8th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The business had revenue of $41.53 million during the quarter. As a group, equities research analysts anticipate that Gloo Holdings will post -0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wall Street Zen cut shares of Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Benchmark lifted their price target on shares of Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Finally, Weiss Ratings raised shares of Gloo from a “sell (e-)” rating to a “sell (e)” rating in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Gloo currently has an average rating of “Hold” and a consensus price target of $16.00.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted 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 valued at $27,000 after buying an additional 3,996 shares during the period. Jane Street Group LLC bought a new stake in Gloo in the 4th quarter valued at $82,000. Beacon Pointe Advisors LLC bought a new stake in Gloo in the 4th quarter valued at $142,000. Marshall Wace LLP acquired a new position in Gloo in the 4th quarter worth $173,000. Finally, HRT Financial LP bought a new position in Gloo during the 4th quarter worth about $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.