Glu Mobile Inc. (GLUU) Director Hany Nada Sells 466,457 Shares of Stock

Glu Mobile Inc. (NASDAQ:GLUU) Director Hany Nada sold 466,457 shares of the company’s stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $6.00, for a total transaction of $2,798,742.00. Following the completion of the transaction, the director now owns 190,200 shares of the company’s stock, valued at $1,141,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Hany Nada also recently made the following trade(s):

  • On Tuesday, June 5th, Hany Nada sold 300,000 shares of Glu Mobile stock. The shares were sold at an average price of $6.01, for a total transaction of $1,803,000.00.

NASDAQ GLUU traded up $0.10 during trading hours on Thursday, reaching $6.26. 313,931 shares of the company traded hands, compared to its average volume of 2,184,325. Glu Mobile Inc. has a 12 month low of $2.42 and a 12 month high of $6.21. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market capitalization of $769.53 million, a price-to-earnings ratio of -12.29, a price-to-earnings-growth ratio of 6.89 and a beta of 1.46.

Glu Mobile (NASDAQ:GLUU) last posted its quarterly earnings data on Tuesday, May 1st. The company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.02. The firm had revenue of $81.44 million for the quarter, compared to the consensus estimate of $73.20 million. Glu Mobile had a negative net margin of 26.33% and a negative return on equity of 34.72%. The firm’s revenue was up 43.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.17) EPS. analysts anticipate that Glu Mobile Inc. will post 0.05 EPS for the current year.

A number of research analysts have commented on the stock. BidaskClub upgraded shares of Glu Mobile from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 1st. ValuEngine upgraded shares of Glu Mobile from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Zacks Investment Research downgraded shares of Glu Mobile from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Benchmark increased their price objective on shares of Glu Mobile from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Wednesday, May 2nd. Finally, Stifel Nicolaus increased their price objective on shares of Glu Mobile from $4.75 to $5.00 and gave the company a “buy” rating in a research note on Monday, April 30th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $4.86.

Several large investors have recently modified their holdings of the business. California Public Employees Retirement System raised its holdings in shares of Glu Mobile by 1.1% during the first quarter. California Public Employees Retirement System now owns 908,986 shares of the company’s stock worth $3,427,000 after purchasing an additional 10,248 shares during the period. Prudential Financial Inc. raised its holdings in shares of Glu Mobile by 16.6% during the first quarter. Prudential Financial Inc. now owns 79,264 shares of the company’s stock worth $299,000 after purchasing an additional 11,300 shares during the period. Ariel Investments LLC raised its holdings in shares of Glu Mobile by 0.7% during the fourth quarter. Ariel Investments LLC now owns 1,793,088 shares of the company’s stock worth $6,527,000 after purchasing an additional 13,300 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Glu Mobile by 4.0% during the fourth quarter. Bank of New York Mellon Corp now owns 490,496 shares of the company’s stock worth $1,785,000 after purchasing an additional 18,959 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of Glu Mobile by 12.7% during the first quarter. Wells Fargo & Company MN now owns 171,138 shares of the company’s stock worth $645,000 after purchasing an additional 19,276 shares during the period. 45.91% of the stock is currently 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 in four genres, including home décor, sports and action, fashion and celebrity, and time management. It creates games based on its own brands, including Contract Killer, Cooking Dash, Covet Fashion, Deer Hunter, Design Home, and QuizUp.

Insider Buying and Selling by Quarter for Glu Mobile (NASDAQ:GLUU)

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