Thrivent Financial sells $48,607 of Gloo Holdings stock
Thrivent Financial for Lutherans sold shares of Gloo Holdings Inc. (GLOO) totaling $48,607, ranging from August 12 to August 14, 2026. The company, a 10% owner and director of GLOO, disposed of 14,000 shares in three separate transactions. On August 12, 4,800 shares were sold; on August 13, 3,200 shares followed; and on August 14, 6,000 shares were divested.
Post-transactions, Thrivent Financial retains 4,139,000 shares of GLOO Class A Common Stock. Gloo shares currently trade at $3.48, reflecting a 56.5% decline over the past year and nearing a 52-week low of $2.94. Analysts at InvestingPro deem the stock undervalued at $4.79, noting strong revenue growth of 310%. However, GLOO remains unprofitable with a negative EBITDA of $99.57 million.
Gloo Holdings recently completed a public offering raising $22.75 million through the sale of 7 million shares at $3.25 each. The company also allowed underwriters to purchase an additional 1.05 million shares, potentially boosting total gross proceeds to $26.16 million. Citizens has rated Gloo Holdings with a Market Outperform designation and a price target of $8.00, citing the company’s experienced management team and substantial total addressable market.
Analyst Andrew Boone of Citizens emphasized the rarity of such seasoned executives in a microcap company.
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