Gloo (NASDAQ:GLOO) Major Shareholder Sells $67,548.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 15,600 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $4.33, for a total value of $67,548.00. Following the transaction, the insider owned 4,663,000 shares in the company, valued at approximately $20,190,790. This trade represents a 0.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 25th, Financial For Luthera Thrivent sold 1,600 shares of Gloo stock. The shares were sold at an average price of $4.21, for a total value 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 value of $17,252.00.
• On Tuesday, June 23rd, Financial For Luthera Thrivent sold 27,859 shares of Gloo stock. The stock was sold at an average price of $4.59, for a total value 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 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 transaction of $31,541.70.
• 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 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 transaction 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 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 Price Performance

NASDAQ:GLOO traded up $0.15 during mid-day trading on Friday, reaching $4.36. The stock had a trading volume of 151,204 shares, compared to its average volume of 100,817. The business has a 50-day simple moving average of $5.76. 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, analysts anticipate that Gloo Holdings will post -0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Gloo

A number of institutional investors and hedge funds have recently bought and sold shares of GLOO. Skylands Capital LLC acquired a new stake in shares of Gloo during the fourth quarter valued at about $511,000. 1492 Capital Management LLC bought a new position in Gloo in the 4th quarter valued at approximately $1,627,000. Annandale Capital LLC acquired a new stake in Gloo during the 4th quarter worth approximately $1,423,000. HRT Financial LP acquired a new stake in Gloo during the 4th quarter worth approximately $179,000. Finally, Jane Street Group LLC bought a new stake in Gloo during the 4th quarter worth approximately $82,000.

Analyst Ratings Changes

Several research firms recently weighed in on GLOO. Wall Street Zen lowered Gloo from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings raised shares of Gloo from a “sell (e-)” rating to a “sell (e)” rating in a report on Friday, May 1st. Finally, Benchmark raised their price target on shares of Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock 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.