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 completion of the transaction, the insider directly owned 4,663,000 shares of the company’s stock, valued at approximately $20,190,790. This trade represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s stock 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 transaction of $6,736.00.
• On Wednesday, June 24th, Financial For Luthera Thrivent sold 3,800 shares of Gloo stock. The shares were 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 stock was 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 shares were 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 stock was 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.
• On Friday, June 12th, Financial For Luthera Thrivent sold 11,100 shares of Gloo stock. The shares were 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 value of $57,040.00.

Gloo Price Performance

Shares of GLOO opened at $4.36 on Monday. Gloo Holdings has a 1 year low of $4.20 and a 1 year high of $9.98. The stock has a 50 day moving average of $5.76.

Gloo (NASDAQ:GLOO) last announced its quarterly 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 company had revenue of $41.53 million during the quarter. As a group, equities research analysts expect that Gloo Holdings will post -0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GLOO. EverSource Wealth Advisors LLC increased its stake in shares of Gloo by 263.4% in 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. Jane Street Group LLC acquired a new position in shares of Gloo during the fourth quarter valued at $82,000. Beacon Pointe Advisors LLC bought a new position in Gloo in the fourth quarter valued at about $142,000. Marshall Wace LLP acquired a new stake in Gloo in the fourth quarter worth about $173,000. Finally, HRT Financial LP acquired a new stake in Gloo in the fourth quarter worth about $179,000.

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.