Gloo Holdings (NASDAQ:GLOO – Get Free Report) major shareholder Financial For Luthera Thrivent sold 12,400 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $4.60, for a total transaction of $57,040.00. Following the sale, the insider owned 4,765,600 shares in the company, valued at $21,921,760. This represents a 0.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 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 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 transaction of $50,949.00.
- 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 Performance
Shares of NASDAQ GLOO opened at $4.57 on Monday. The firm’s 50-day simple moving average is $6.00. Gloo Holdings has a 12-month low of $4.45 and a 12-month high of $9.98.
Analysts Set New Price Targets
GLOO has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Weiss Ratings raised shares of Gloo from a “sell (e-)” rating to a “sell (e)” rating in a research report 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 report on Tuesday, June 9th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Gloo presently has a consensus rating of “Hold” and an average price target of $16.00.
Read Our Latest Research Report on Gloo
Institutional Trading of Gloo
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in Gloo by 263.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock worth $27,000 after purchasing an additional 3,996 shares during the period. Jane Street Group LLC bought a new position in Gloo in the 4th quarter worth about $82,000. Beacon Pointe Advisors LLC bought a new position in Gloo in the 4th quarter worth about $142,000. Marshall Wace LLP bought a new position in Gloo in the 4th quarter worth about $173,000. Finally, HRT Financial LP bought a new position in Gloo in the 4th 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.
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