Thrivent Financial for Lutherans, recognized as a 10% owner of Gloo Holdings, Inc. (NASDAQ: GLOO), has reported the disposal of $161,476 worth of Class A Common Stock through a series of transactions. The sales were executed over a five-day window from June 18 to June 23, 2026. The price per share for the disposed stock varied between $4.59 and $4.7315 during this period.
On June 18, Thrivent Financial initiated the sales by disposing of 6,711 shares. These shares were sold across multiple transactions at prices ranging from $4.69 to $4.74 per share. The activity continued on June 22, when an additional 430 shares were sold. The pricing for these specific transactions ranged from $4.70 to $4.81 per share.
The most substantial transaction occurred on June 23, when Thrivent Financial sold 27,859 shares. The prices for these shares ranged from $4.53 to $4.73 per share. In total, Thrivent Financial for Lutherans sold 35,000 shares of Gloo Holdings Class A Common Stock during this reporting period. Following these transactions, the reporting entity directly holds 4,684,000 shares of Gloo Holdings.
The transactions were disclosed in a Form 4 filing with the Securities and Exchange Commission. The filing was signed by David S. Royal, who serves as the Executive Vice President, Chief Financial and Investment Officer for Thrivent Financial for Lutherans.
These sales occurred as GLOO shares traded near their 52-week low of $4.45. The stock has declined 43% over the past year. According to InvestingPro analysis, GLOO appears undervalued at current levels, with the platform's Fair Value suggesting upside potential. Investors can access detailed analysis through GLOO's comprehensive Pro Research Report, available alongside insights on 1,400+ US equities.
In other recent news, Gloo Holdings has reported a significant revenue increase for the first quarter of 2026. The company's revenue surged by 238% to $41.5 million, surpassing forecasts by 15.28%. Despite reporting a negative earnings per share of -$0.21, the strong revenue growth has been a positive highlight for investors.
Following these results, Benchmark has raised its price target for Gloo Holdings to $15.00 from $14.00, maintaining a Buy rating. The firm cited continued strong execution as a reason for the upgrade. Additionally, Gloo Holdings filed a registration statement with the Securities and Exchange Commission for a public offering of Class A common stock. The offering details, such as the number of shares and pricing, were not disclosed. The offering is being managed by Citizens Capital Markets and Roth Capital Partners.
These developments indicate active movements within the company as it continues to execute its growth strategy.