Financial For Luthera Thrivent Sells 27,859 Shares of Gloo (NASDAQ:GLOO) Stock

by · The Markets Daily

Gloo Holdings (NASDAQ:GLOO – Get Free Report) major shareholder Financial For Luthera Thrivent sold 27,859 shares of Gloo stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $4.59, for a total transaction of $127,872.81. Following the transaction, the insider directly owned 4,684,000 shares in the company, valued at $21,499,560. The trade was a 0.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 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 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 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 value 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 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

Shares of Gloo stock traded down $0.11 during trading hours on Tuesday, hitting $4.59. The company’s stock had a trading volume of 85,394 shares, compared to its average volume of 180,924. The stock has a 50 day simple moving average of $5.87. Gloo Holdings has a 12 month low of $4.45 and a 12 month high of $9.98.

Gloo (NASDAQ:GLOO – Get Free Report) last released its quarterly earnings data 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 firm had revenue of $41.53 million during the quarter. On average, equities analysts anticipate that Gloo Holdings will post -0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Read Our Latest Stock Report on GLOO

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GLOO. EverSource Wealth Advisors LLC lifted its stake in 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 purchasing an additional 3,996 shares during the last quarter. Jane Street Group LLC bought a new stake in Gloo in the fourth quarter valued at approximately $82,000. Beacon Pointe Advisors LLC acquired a new stake in shares of Gloo in the fourth quarter valued at approximately $142,000. Marshall Wace LLP bought a new position in shares of Gloo during the 4th quarter worth approximately $173,000. Finally, HRT Financial LP acquired a new position in shares of Gloo during the 4th quarter worth approximately $179,000.

About Gloo

(Get Free Report)

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.

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