Thrivent Financial for Lutherans, which maintains a ten percent ownership stake in Gloo Holdings, Inc. (NASDAQ:GLOO), has executed a series of divestments involving the company's Class A Common Stock. The transactions, totaling $170,081, were completed over a three-day period spanning June 15 to June 17, 2026. This recent selling activity provides a window into the portfolio adjustments of a major institutional holder, even as the underlying company reports substantial financial progress.
On June 15, Thrivent Financial initiated the liquidation process by disposing of 24,500 shares of Gloo Holdings Class A Common Stock. These shares were sold at an average price of $4.8163 per share. The individual transaction prices for this day ranged from $4.62 to $4.88, indicating slight intraday volatility.
The following day, June 16, the institution sold an additional 4,400 shares. The average price for these specific transactions was recorded at $4.7205 per share. The price range for this day was notably tighter, fluctuating between $4.72 and $4.725.
The final leg of this divestment occurred on June 17, when Thrivent Financial sold 6,600 shares of Class A Common Stock. These shares were disposed of at an average price of $4.7443, with transaction prices ranging from $4.67 to $4.835. Following the completion of these transactions, Thrivent Financial for Lutherans continues to directly hold 4,719,000 shares of Gloo Holdings Class A Common Stock.
The current market price of GLOO stands at $4.75, reflecting a decline of approximately 40% over the past year. Despite this prolonged downward trend, some analytical frameworks suggest the stock may be trading below its intrinsic worth. InvestingPro analysis has placed GLOO on its Most Undervalued list, assigning a Fair Value of $5.82 to the shares.
Contrasting with the stock's price performance, Gloo Inc. has reported significant financial results for the first quarter of 2026. The company achieved a revenue increase of 238% compared to the same period last year, reaching $41.5 million. This figure surpassed analyst forecasts by 15.28%. Despite posting a negative earnings per share (EPS) of -$0.21, the robust revenue growth and optimistic future guidance have been well-received by investors.
Additionally, Benchmark has raised its price target for Gloo Holdings to $15.00 from $14.00, while maintaining a Buy rating on the stock. The firm highlighted Gloo’s continued strong performance, noting that the company has once again exceeded expectations. These developments underscore the positive momentum Gloo is experiencing in its financial and market activities.