Thrivent Financial for Lutherans, a prominent financial services organization based in Minneapolis, has reported a significant reduction in its stake within Gloo Holdings, Inc. (GLOO). The entity, which maintains a substantial 10% ownership position in the company, disclosed the sale of approximately $496,025 worth of Class A Common Stock. This transactional activity was documented in a recent filing submitted to the Securities and Exchange Commission, specifically Form 4, and unfolded over a concentrated three-day trading period between July 8 and July 10, 2026.
The divestment involved the liquidation of a total of 158,000 shares. These sales were executed at varying price points, with the per-share cost ranging from $2.978 to $3.9791. The specific breakdown of these transactions reveals a pattern of sales across the three-day window:
- On July 8, 2026, Thrivent Financial sold 13,000 shares of Class A Common Stock. The execution prices for this portion ranged between $3.880 and $4.110 per share.
- On July 9, 2026, the largest block of shares was sold, totaling 125,000 shares. The price range for this specific day fell between $3.030 and $3.205 per share.
- On July 10, 2026, an additional 20,000 shares were sold. The transaction prices for this final day ranged from $2.940 to $3.065 per share.
Following the completion of these transactions, Thrivent Financial for Lutherans continues to hold a direct position of 4,460,000 shares of Gloo Holdings, Inc. Class A Common Stock. The timing of these sales is notable given the current market performance of GLOO shares. The stock is currently trading at $2.95, a level that hovers just above its 52-week low of $2.94. Data from InvestingPro indicates that the stock has experienced a sharp decline of approximately 33.6% over the past week alone.
Despite the recent downward pressure on the stock price, some analytical perspectives suggest that the shares may be undervalued. GLOO appears on the platform’s list of Most Undervalued stocks. For investors seeking more granular data, comprehensive Pro Research Reports and additional ProTips are available through the InvestingPro platform, which hosts over 1,400 such reports.
Parallel to the insider selling activity, Gloo Holdings has announced the pricing of a new public offering. The company has set the offering price at $3.25 per share for a total of 7 million shares of Class A common stock. The gross proceeds from this offering are expected to reach approximately $22.75 million, prior to the deduction of underwriting discounts, commissions, and other associated expenses. Furthermore, the company has granted underwriters a 30-day option to purchase up to an additional 1,050,000 shares. This over-allotment option could potentially increase the total gross proceeds to around $26.16 million.
This public offering follows the company’s recent filing of a registration statement with the Securities and Exchange Commission. In a contrasting move to the stock's recent price weakness, Benchmark has raised its price target for Gloo Holdings to $15.00, up from $14.00, while maintaining a Buy rating. This adjustment comes in the wake of Gloo reporting its fiscal first-quarter 2026 results, which surpassed analyst expectations. The underwriting of this offering is being managed by Citizens Capital Markets and Roth Capital Partners.
The confluence of these events highlights a complex financial landscape for Gloo Holdings. While the company is actively raising capital and receiving positive analyst feedback based on recent earnings, it is simultaneously navigating a period of significant stock price depreciation and reducing its investor base through the sale of substantial holdings by a major owner.