Financial For Luthera Thrivent Sells 27,859 Shares of Gloo (NASDAQ:GLOO) Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 27,859 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $4.59, for a total value of $127,872.81. Following the completion of the transaction, the insider directly owned 4,684,000 shares in the company, valued at $21,499,560. This trade represents a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares 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 22nd, Financial For Luthera Thrivent sold 430 shares of Gloo stock. The stock was sold at an average price of $4.73, for a total value 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 value 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 value 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 value of $20,768.00.
• On Monday, June 15th, Financial For Luthera Thrivent sold 24,500 shares of Gloo stock. The stock was sold at an average price of $4.82, for a total value of $118,090.00.
• 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 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 transaction of $57,040.00.
• On Wednesday, June 10th, Financial For Luthera Thrivent sold 8,477 shares of Gloo stock. The shares were sold at an average price of $4.70, for a total transaction of $39,841.90.

Gloo Trading Down 1.3%

Shares of NASDAQ GLOO opened at $4.53 on Thursday. The company’s 50-day moving average is $5.84. Gloo Holdings has a 52-week low of $4.45 and a 52-week high of $9.98.

Gloo (NASDAQ:GLOO) last issued its quarterly earnings data 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. On average, equities research analysts forecast that Gloo Holdings will post -0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Cornerstone Management Inc. purchased a new stake in Gloo in the 1st quarter worth approximately $601,000. Grace & Mercy Foundation Inc. purchased a new position in Gloo during the fourth quarter valued at approximately $14,225,000. Skylands Capital LLC bought a new position in shares of Gloo in the fourth quarter worth approximately $511,000. 1492 Capital Management LLC bought a new position in shares of Gloo in the fourth quarter worth approximately $1,627,000. Finally, Annandale Capital LLC purchased a new stake in shares of Gloo in the fourth quarter worth $1,423,000.

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.