Thrivent Financial sells $93,387 in Gloo Holdings stock

MINNEAPOLIS – Thrivent Financial for Lutherans, a 10% owner and director of Gloo Holdings, Inc. (NASDAQ:GLOO), reported selling a total of 27,600 shares of Class A Common Stock across two transactions in late July and early August. The sales amounted to approximately $93,387, with prices ranging from $3.1402 to $3.4601 per share. The insider sales come as GLOO stock trades at $3.48, down 56.5% over the past year. Despite the decline, InvestingPro analysis suggests the stock appears undervalued at current levels, with shares trading below Fair Value—placing it among companies on the most undervalued list.

On July 30, 2026, Thrivent Financial disposed of 6,600 shares at an average price of $3.1402 per share. These shares were sold in multiple transactions at prices ranging from $3.10 to $3.165, inclusive. Following this transaction, Thrivent Financial beneficially owned 4,237,000 shares.

Subsequently, on August 3, 2026, an additional 21,000 shares were sold at an average price of $3.4601 per share. These shares were sold in multiple transactions at prices ranging from $3.300 to $3.585, inclusive. After these reported transactions, Thrivent Financial for Lutherans directly holds 4,196,000 shares of Gloo Holdings Class A Common Stock. For deeper insights into GLOO’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available for this and 1,400+ other US equities on InvestingPro.

In other recent news, Gloo Holdings completed a public offering of 7 million shares of Class A common stock, priced at $3.25 per share, generating gross proceeds of $22.75 million before fees and expenses. The company has also granted underwriters a 30-day option to purchase up to an additional 1.05 million shares at the same price, potentially increasing total gross proceeds to approximately $26.16 million. This move comes as Gloo Holdings seeks to bolster its financial position through the capital raised.

Additionally, Citizens initiated coverage on Gloo Holdings with a Market Outperform rating and set a price target of $8.00. The firm highlighted the expertise of Gloo’s management team and the company’s large total addressable market as key factors in their rating decision. Analyst Andrew Boone from Citizens noted the rarity of having seasoned executives with extensive experience in a microcap company. These developments reflect Gloo’s strategic efforts to enhance its market presence and attract investor interest.