Glu Mobile CFO Unloads $1,022,781 in Stock (GLUU)
Glu Mobile (NASDAQ:GLUU) CFO Eric R. Ludwig sold 214,870 shares of the stock on the open market in a transaction dated Thursday, February 13th. The stock was sold at an average price of $4.76, for a total transaction of $1,022,781.20. Following the completion of the transaction, the chief financial officer now directly owns 57,000 shares in the company, valued at approximately $271,320. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Glu Mobile (NASDAQ:GLUU) traded up 1.86% during mid-day trading on Friday, hitting $4.92. The stock had a trading volume of 3,058,660 shares. Glu Mobile has a 52-week low of $2.08 and a 52-week high of $5.13. The stock has a 50-day moving average of $4.14 and a 200-day moving average of $3.26. The company’s market cap is $384.1 million.
Glu Mobile (NASDAQ:GLUU) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.01) by $0.08. The company had revenue of $42.80 million for the quarter, compared to the consensus estimate of $32.20 million. During the same quarter last year, the company posted ($0.05) earnings per share. Glu Mobile’s revenue was up 32.3% compared to the same quarter last year. Analysts expect that Glu Mobile will post $0.02 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Glu Mobile from a “neutral” rating to an “outperform” rating in a research note on Tuesday. They now have a $5.30 price target on the stock. Separately, analysts at Needham & Company raised their price target on shares of Glu Mobile to $5.00 in a research note on Thursday, February 6th. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Glu Mobile in a research note on Thursday, February 6th. They now have a $6.00 price target on the stock, up previously from $4.00. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $4.82.
Glu Mobile Inc (NASDAQ:GLUU) designs, markets and sells mobile games.
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