Gloo (NASDAQ:GLOO) Major Shareholder Financial For Luthera Thrivent Sells 11,100 Shares

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 11,100 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $4.59, for a total value of $50,949.00. Following the completion of the sale, the insider owned 4,754,500 shares in the company, valued at approximately $21,823,155. This represents a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major 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 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 value 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 value of $39,841.90.

Gloo Price Performance

Gloo stock traded down $0.06 during midday trading 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 fifty-two week low of $4.45 and a fifty-two week high of $9.98. The stock’s 50-day moving average is $6.00.

Gloo (NASDAQ:GLOO) last posted 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 business had revenue of $41.53 million during the quarter. On average, research analysts expect that Gloo Holdings will post -0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gloo

Several hedge funds have recently made changes to their positions in GLOO. Grace & Mercy Foundation Inc. purchased a new position in shares of Gloo during the fourth quarter worth about $14,225,000. 1492 Capital Management LLC purchased a new position in shares of Gloo during the fourth quarter worth about $1,627,000. Annandale Capital LLC purchased a new position in shares of Gloo during the fourth quarter worth about $1,423,000. Waverly Advisors LLC purchased a new position in shares of Gloo during the first quarter worth about $1,202,000. Finally, Cornerstone Management Inc. purchased a new position in shares of Gloo during the first quarter worth about $601,000.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Benchmark raised their price objective on Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday. Weiss Ratings raised Gloo from a “sell (e-)” rating to a “sell (e)” rating in a report on Friday, May 1st. Finally, Wall Street Zen lowered 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 stock. Based on data from MarketBeat.com, Gloo has an average rating of “Hold” and a consensus target price 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.