Gloo Holdings Inc. (NASDAQ:GLOO) shares are trending on Thursday.

Shares of the Colorado-based technology platform company climbed 14.53% to $4.66 after the bell on Wednesday.

The surge in the late trading session followed a regular-session gain of 24.09%, with the stock closing at $4.07, according to Benzinga Pro data.

The stock saw unusually high trading volume on Wednesday, with Gloo trading 4.11 million shares. That was about 26.2 times its average daily volume of 156,690 shares.

Filing Shows Institutional Selling, Executive Buying

The stock move followed a Tuesday Securities and Exchange Commission filing showing Thrivent Financial for Lutherans sold shares across three sessions over the last week totaling 57,000 shares. The shares sold for prices between $3.015 and $3.645, bringing the total value of the sales to about $189,964.

Following the transactions, Thrivent’s direct holdings stood at 4.018 million shares.

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A day prior, an SEC filing showed Executive Chair and Head of Technology Patrick Gelsinger purchased 25,000 Class A shares on Monday at a weighted-average price of $3.4493, for a total transaction value of about $86,233. The shares were acquired indirectly through a family trust, raising his reported indirect holding to 390,499 shares. Gelsinger separately holds additional shares through several family trusts and a personal revocable trust, the filing showed.

Trading Metrics, Technical Analysis

Gloo Holdings has a market capitalization of $372.53 million, a 52-week high of $9.98 and a 52-week low of $2.90. The company has approximately 40.2 million shares outstanding.

The Relative Strength Index (RSI) of GLOO stands at 67.66.

The small-cap stock has fallen 49.75% over the past 12 months.

GLOO is currently trading at about 17% of its 52-week price range.

Benzinga’s Edge Stock Rankings indicate Gloo Holdings stock has a negative price trend across all time frames.

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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