Gloo (NASDAQ:GLOO) Major Shareholder Sells $39,841.90 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 8,477 shares of Gloo stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $4.70, for a total value of $39,841.90. Following the transaction, the insider owned 4,778,000 shares of the company’s stock, valued at $22,456,600. This represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 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.

Gloo Stock Performance

GLOO stock traded down $0.06 during midday trading on Friday, hitting $4.57. The stock had a trading volume of 111,891 shares, compared to its average volume of 169,755. Gloo Holdings has a 12-month low of $4.45 and a 12-month high of $9.98. The business has a 50-day moving average price of $6.00.

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

Institutional Trading of Gloo

Several institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its stake in shares of Gloo by 263.4% during the 1st 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. Waverly Advisors LLC purchased a new stake in shares of Gloo during the 1st quarter valued at $1,202,000. 1492 Capital Management LLC grew its stake in shares of Gloo by 5.5% during the 1st 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 during the period. Cornerstone Management Inc. purchased a new stake in shares of Gloo during the 1st quarter valued at $601,000. Finally, Beacon Pointe Advisors LLC purchased a new stake in shares of Gloo during the 4th quarter valued at $142,000.

Analyst Upgrades and Downgrades

Several analysts have commented on GLOO shares. Weiss Ratings raised shares of Gloo from a “sell (e-)” rating to a “sell (e)” rating in a research note on Friday, May 1st. Benchmark lifted their target price on shares of Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Wall Street Zen cut shares of Gloo from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Gloo has a consensus rating of “Hold” and an average 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.