Glu Mobile Inc. (NASDAQ:GLUU) SVP Chris Akhavan sold 379,932 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $6.86, for a total value of $2,606,333.52. Following the sale, the senior vice president now directly owns 120,530 shares of the company’s stock, valued at $826,835.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of GLUU opened at $7.64 on Friday. The stock has a market capitalization of $1.00 billion, a P/E ratio of 127.35, a P/E/G ratio of 4.13 and a beta of 1.11. Glu Mobile Inc. has a twelve month low of $4.11 and a twelve month high of $11.75. The company has a 50 day moving average of $6.29 and a 200-day moving average of $5.64. The company has a quick ratio of 1.32, a current ratio of 1.42 and a debt-to-equity ratio of 0.18.
Glu Mobile (NASDAQ:GLUU) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. The company had revenue of $108.40 million during the quarter, compared to analysts’ expectations of $103.64 million. Glu Mobile had a net margin of 2.16% and a return on equity of 5.63%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the business earned ($0.01) EPS. On average, sell-side analysts anticipate that Glu Mobile Inc. will post 0.11 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of GLUU. DNB Asset Management AS bought a new position in shares of Glu Mobile during the 3rd quarter worth approximately $17,010,000. State Street Corp grew its stake in shares of Glu Mobile by 35.9% during the 4th quarter. State Street Corp now owns 3,591,297 shares of the company’s stock worth $21,727,000 after acquiring an additional 948,214 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Glu Mobile by 4,811.3% during the 4th quarter. Principal Financial Group Inc. now owns 925,925 shares of the company’s stock worth $5,602,000 after acquiring an additional 907,072 shares in the last quarter. Raging Capital Management LLC bought a new position in shares of Glu Mobile during the 3rd quarter worth approximately $2,562,000. Finally, Renaissance Technologies LLC grew its stake in shares of Glu Mobile by 2,998.0% during the 4th quarter. Renaissance Technologies LLC now owns 470,900 shares of the company’s stock worth $2,849,000 after acquiring an additional 455,700 shares in the last quarter. 64.03% of the stock is owned by institutional investors.
About Glu Mobile
Glu Mobile Inc develops, publishes, and markets a portfolio of free-to-play mobile games for the users of smartphones and tablet devices. The company publishes titles primarily in four genres, including home décor, sports and action, fashion and celebrity, and time management. It creates games based on its own brands, Blood & Glory, Contract Killer, Cooking Dash, Deer Hunter, Diner Dash, Eternity Warriors, Frontline Commando, Gun Bros, QuizUp, and Tap Sports.
Featured Story: How much money do you need to begin day trading?
Receive News & Ratings for Glu Mobile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glu Mobile and related companies with MarketBeat.com's FREE daily email newsletter.