Gloo Holdings (NASDAQ:GLOO – Get Free Report) major shareholder Financial For Luthera Thrivent sold 8,477 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $4.70, for a total transaction of $39,841.90. Following the sale, the insider directly owned 4,778,000 shares of the company’s stock, valued at approximately $22,456,600. This trade represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Financial For Luthera Thrivent also recently made the following trade(s):
- 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 Trading Down 1.3%
Gloo stock traded down $0.06 during trading on Friday, reaching $4.57. 111,891 shares of the company’s stock were exchanged, compared to its average volume of 169,755. The business’s 50-day simple moving average is $6.00. Gloo Holdings has a 52-week low of $4.45 and a 52-week high of $9.98.
Wall Street Analysts Forecast Growth
GLOO has been the subject of a number of research reports. Wall Street Zen cut shares of Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Benchmark upped their price target on shares of Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Weiss Ratings raised shares of Gloo from a “sell (e-)” rating to a “sell (e)” rating in a research report on Friday, May 1st. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $16.00.
Check Out Our Latest Stock Report on Gloo
Hedge Funds Weigh In On Gloo
Institutional investors have recently added to or reduced their stakes in the company. Grace & Mercy Foundation Inc. acquired a new stake in shares of Gloo in the 4th quarter valued at about $14,225,000. 1492 Capital Management LLC acquired a new stake in shares of Gloo in the 4th quarter valued at about $1,627,000. Annandale Capital LLC acquired a new stake in shares of Gloo in the 4th quarter valued at about $1,423,000. Waverly Advisors LLC acquired a new stake in shares of Gloo in the 1st quarter valued at about $1,202,000. Finally, Cornerstone Management Inc. acquired a new stake in shares of Gloo in the 1st quarter valued at about $601,000.
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.
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