Glu Mobile Inc. (NASDAQ:GLUU) Director Hany Nada sold 766,456 shares of Glu Mobile stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $4.51, for a total transaction of $3,456,716.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Glu Mobile Inc. (NASDAQ:GLUU) traded up 4.75% during midday trading on Tuesday, hitting $4.63. 10,012,953 shares of the stock traded hands. The company’s 50 day moving average price is $3.66 and its 200 day moving average price is $2.89. The firm’s market cap is $626.97 million. Glu Mobile Inc. has a 12 month low of $1.73 and a 12 month high of $4.71.

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Large investors have recently made changes to their positions in the company. IHT Wealth Management LLC purchased a new position in shares of Glu Mobile during the 2nd quarter valued at approximately $592,000. Goldman Sachs Group Inc. lifted its position in shares of Glu Mobile by 125.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 47,691 shares of the company’s stock valued at $108,000 after buying an additional 26,535 shares in the last quarter. Emerald Advisers Inc. PA purchased a new position in shares of Glu Mobile during the 2nd quarter valued at approximately $141,000. Voya Investment Management LLC lifted its position in shares of Glu Mobile by 19.2% during the 2nd quarter. Voya Investment Management LLC now owns 56,969 shares of the company’s stock valued at $142,000 after buying an additional 9,186 shares in the last quarter. Finally, American International Group Inc. lifted its position in shares of Glu Mobile by 7.1% during the 1st quarter. American International Group Inc. now owns 63,380 shares of the company’s stock valued at $144,000 after buying an additional 4,196 shares in the last quarter. Hedge funds and other institutional investors own 35.14% of the company’s stock.

Several brokerages have weighed in on GLUU. Zacks Investment Research raised shares of Glu Mobile from a “hold” rating to a “buy” rating and set a $4.00 price target on the stock in a report on Thursday, August 31st. Roth Capital set a $4.00 price target on shares of Glu Mobile and gave the company a “buy” rating in a report on Thursday, August 3rd. Canaccord Genuity reaffirmed a “hold” rating and set a $3.00 price target on shares of Glu Mobile in a report on Friday, June 30th. ValuEngine raised shares of Glu Mobile from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $3.30 price target (up previously from $2.80) on shares of Glu Mobile in a report on Monday, July 31st. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $3.19.

Glu Mobile Company Profile

Glu Mobile Inc develops, publishes and markets a portfolio of mobile games. The Company develops and publishes a portfolio of mobile games designed to appeal to a cross section of the users of smartphones and tablet devices. Its portfolio of mobile games is spread across various genres, including Fashion and Celebrity, Food, Sports and Action, Social Networking and Home.

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

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