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 stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $4.59, for a total transaction of $50,949.00. Following the transaction, the insider directly owned 4,754,500 shares in the company, valued at $21,823,155. The trade was a 0.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Large 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 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 stock was sold at an average price of $4.70, for a total transaction of $39,841.90.

Gloo Trading Down 1.3%

Shares of GLOO stock opened at $4.57 on Friday. Gloo Holdings has a one year low of $4.45 and a one year high of $9.98. The stock’s 50-day moving average is $6.00.

Gloo (NASDAQ:GLOO) last issued 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 firm had revenue of $41.53 million for the quarter. As a group, analysts anticipate that Gloo Holdings will post -0.31 EPS for the current year.

Institutional Investors Weigh In On Gloo

Several large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in shares of Gloo by 263.4% in the first quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock valued at $27,000 after purchasing an additional 3,996 shares during the period. Waverly Advisors LLC acquired a new stake in shares of Gloo in the first quarter valued at approximately $1,202,000. 1492 Capital Management LLC increased its stake in shares of Gloo by 5.5% in the first quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock valued at $1,451,000 after purchasing an additional 15,824 shares during the period. Cornerstone Management Inc. acquired a new position in shares of Gloo during the first quarter valued at approximately $601,000. Finally, Beacon Pointe Advisors LLC acquired a new position in shares of Gloo during the fourth quarter valued at approximately $142,000.

Analysts Set New Price Targets

Several equities analysts have recently commented on GLOO shares. Wall Street Zen cut shares of Gloo from a “hold” rating to a “sell” rating in a research 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 increased their price objective on shares of Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Gloo has a consensus rating of “Hold” and a consensus price target of $16.00.

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.