Insider Selling: Gloo (NASDAQ:GLOO) Major Shareholder Sells $31,541.70 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 6,711 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $4.70, for a total value of $31,541.70. Following the completion of the sale, the insider directly owned 4,712,289 shares in the company, valued at approximately $22,147,758.30. This represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own at least 10% 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 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 stock was sold at an average price of $4.73, for a total transaction of $2,033.90.
• 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 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 stock was 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.
• 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 Stock Down 7.1%

Shares of GLOO opened at $4.21 on Friday. Gloo Holdings has a twelve month low of $4.20 and a twelve month high of $9.98. The firm’s 50 day moving average price is $5.80.

Gloo (NASDAQ:GLOO) last released its quarterly earnings data on Monday, June 8th. The company reported ($0.22) earnings per share (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. On average, sell-side analysts anticipate that Gloo Holdings will post -0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Gloo

Several hedge funds and other institutional investors have recently modified their holdings of the company. Skylands Capital LLC bought a new stake in shares of Gloo in the fourth quarter worth $511,000. 1492 Capital Management LLC purchased a new stake in Gloo during the fourth quarter valued at $1,627,000. Annandale Capital LLC bought a new position in Gloo in the fourth quarter valued at about $1,423,000. HRT Financial LP bought a new position in Gloo in the fourth quarter valued at about $179,000. Finally, Jane Street Group LLC purchased a new position in Gloo in the fourth quarter worth about $82,000.

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.