The Glimpse Group (NASDAQ:VRAR) Shares Down 4.1% – Here’s What Happened

The Glimpse Group, Inc. (NASDAQ:VRAR)’s share price dropped 4.1% during trading on Monday . The company traded as low as $0.7401 and last traded at $0.7850. Approximately 130,565 shares changed hands during trading, an increase of 22% from the average daily volume of 107,255 shares. The stock had previously closed at $0.8186.

The Glimpse Group Trading Down 4.1%

The firm has a market capitalization of $16.55 million, a price-to-earnings ratio of -4.36 and a beta of 1.21. The stock’s 50 day moving average price is $0.62 and its two-hundred day moving average price is $0.79.

Hedge Funds Weigh In On The Glimpse Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Susquehanna International Group LLP grew its stake in shares of The Glimpse Group by 250.4% during the 3rd quarter. Susquehanna International Group LLP now owns 78,786 shares of the company’s stock worth $129,000 after purchasing an additional 56,303 shares during the period. XTX Topco Ltd grew its stake in shares of The Glimpse Group by 232.9% during the 4th quarter. XTX Topco Ltd now owns 79,552 shares of the company’s stock worth $74,000 after purchasing an additional 55,652 shares during the period. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of The Glimpse Group during the 4th quarter worth $56,000. Virtu Financial LLC acquired a new position in shares of The Glimpse Group during the 3rd quarter worth $36,000. Finally, DNB Asset Management AS acquired a new position in shares of The Glimpse Group during the 3rd quarter worth $105,000. 21.41% of the stock is owned by institutional investors and hedge funds.

The Glimpse Group Company Profile

The Glimpse Group, Inc (NASDAQ: VRAR) is a publicly traded holding company focused on the development and deployment of augmented reality (AR) and virtual reality (VR) software and services. Headquartered in New York City, the company operates through a network of wholly owned subsidiaries that specialize in immersive content creation, proprietary platform development, and enterprise-grade XR (extended reality) solutions. Glimpse Group’s core mission is to accelerate adoption of digital reality technologies across business, education, healthcare, entertainment, and marketing sectors.

Through its portfolio companies, the Glimpse Group delivers end-to-end services that span strategy, design, development and deployment of AR/VR applications.