Scott Leichtner Sells 54,357 Shares of Glu Mobile Inc. (NASDAQ:GLUU) Stock

Glu Mobile Inc. (NASDAQ:GLUU) VP Scott Leichtner sold 54,357 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $4.56, for a total value of $247,867.92. Following the completion of the sale, the vice president now directly owns 252,669 shares of the company’s stock, valued at approximately $1,152,170.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

GLUU traded up $0.22 during trading on Friday, reaching $4.72. 1,885,356 shares of the stock traded hands, compared to its average volume of 2,706,199. The stock has a market cap of $656.46 million, a price-to-earnings ratio of -59.00, a price-to-earnings-growth ratio of 2.79 and a beta of 1.04. Glu Mobile Inc. has a fifty-two week low of $4.11 and a fifty-two week high of $11.75. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.34 and a quick ratio of 1.34. The stock’s 50-day simple moving average is $5.45 and its two-hundred day simple moving average is $8.18.

Glu Mobile (NASDAQ:GLUU) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Glu Mobile had a return on equity of 3.39% and a net margin of 0.41%. The firm had revenue of $101.90 million during the quarter, compared to analysts’ expectations of $100.93 million. During the same quarter last year, the firm earned ($0.03) earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. Research analysts anticipate that Glu Mobile Inc. will post 0.11 earnings per share for the current fiscal year.

GLUU has been the subject of several recent analyst reports. Piper Jaffray Companies decreased their target price on Glu Mobile from $12.00 to $7.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. BidaskClub cut Glu Mobile from a “hold” rating to a “sell” rating in a research report on Thursday, August 15th. Stephens set a $12.00 target price on Glu Mobile and gave the stock a “buy” rating in a research report on Thursday, June 6th. Zacks Investment Research cut Glu Mobile from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Finally, Wedbush decreased their target price on Glu Mobile from $9.00 to $8.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $8.38.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in Glu Mobile by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,953,254 shares of the company’s stock worth $15,763,000 after acquiring an additional 10,425 shares during the last quarter. Creative Planning bought a new position in Glu Mobile in the first quarter valued at approximately $111,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Glu Mobile in the first quarter valued at approximately $189,000. BNP Paribas Arbitrage SA increased its stake in Glu Mobile by 6,629.7% in the first quarter. BNP Paribas Arbitrage SA now owns 23,554 shares of the company’s stock valued at $258,000 after acquiring an additional 23,204 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Glu Mobile in the first quarter valued at approximately $66,000. 59.58% of the stock is currently owned by institutional investors.

Glu Mobile Company Profile

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.

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

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