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Thrivent Financial sells $26,432 of Gloo Holdings stock By Investing.com
- Investing
Ramit Sethi- 3 minutes read
Thrivent Financial for Lutherans, a 10% owner and director of Gloo Holdings, Inc. (), recently sold shares totaling $26,432. The transactions occurred over three days in mid-August.
Between August 17 and August 19, 2026, Thrivent Financial disposed of a total of 8,000 shares of Gloo Holdings Class A Common Stock. The sales occurred at prices ranging from $3.2325 to $3.3429 per share for the aggregate transactions.
Specifically, on August 17, 2026, 2,000 shares were sold at prices between $3.20 and $3.425. On August 18, 2026, another 2,000 shares were sold at prices between $3.21 and $3.255. Lastly, on August 19, 2026, 4,000 shares were sold at prices between $3.315 and $3.40.
Following these transactions, Thrivent Financial for Lutherans directly holds 4,131,000 shares of Gloo Holdings Class A Common Stock.The insider sale comes as GLOO stock trades at $3.38, down 58% over the past year and 66% below its 52-week high of $9.98. According to InvestingPro analysis, the stock appears undervalued at current levels. InvestingPro offers 10 additional exclusive tips for GLOO, including insights on the company’s cash burn rate and profitability outlook, available in the comprehensive Pro Research Report.
In other recent news, Gloo Holdings completed a public offering of 7 million shares of Class A common stock, generating gross proceeds of $22.75 million. The shares were priced at $3.25 each, and the company has granted underwriters a 30-day option to purchase up to an additional 1.05 million shares, potentially increasing total gross proceeds to approximately $26.16 million. Additionally, Citizens initiated coverage on Gloo Holdings with a Market Outperform rating, citing the company’s experienced management team and large total addressable market. Analyst Andrew Boone from Citizens highlighted the rarity of having seasoned executives in a microcap company. These developments reflect recent strategic moves by Gloo Holdings to strengthen its financial position and market perception.
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