Glu Mobile Inc. (NASDAQ:GLUU) produced a 119.65% rally since recording the worst price of $1.73. Thanks to the latest 5.85% increase, it now trades at $3.8. Throughout the trading on Oct. 11, 2017, the share price floated between $3.6 and $3.85. This company shares are -13.68% up from its target price of $3.28 and the current market capitalization stands at $513.15M. The recent change has given its price a 10.65% lead over SMA 50 and -0.78% deficit over its 52-week high. The stock witnessed 6.74% gains, 47.86% gains and 68.89% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found GLUU’s volatility during a week at 3.76% and during a month it has been found around 3.65%.Glu Mobile Inc. (GLUU) Top Holders
Institutional investors currently hold around $171 million or 37.2% in GLUU stock. Look at its top three institutional owners. Blackrock Inc. owns $24.08 million in Glu Mobile Inc., which represents roughly 4.69% of the company’s market cap and approximately 14.08% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 4,513,442 shares of the stock are valued at $16.2 million. The third largest holder is Precept Management Llc, which currently holds $14.86 million worth of this stock and that ownership represents nearly 2.9% of its market capitalization.Glu Mobile Inc. 13F Filings
At the end of June reporting period, 52 institutional holders increased their position in Glu Mobile Inc. (NASDAQ:GLUU) by some 11,540,461 shares, 38 decreased positions by 3,694,799 and 23 held positions by 32,358,260. That puts total institutional holdings at 47,593,520 shares, according to SEC filings. The stock grabbed 17 new institutional investments totaling 1,908,208 shares while 13 institutional investors sold out their entire positions totaling 1,982,655 shares.
Multiple company employees have indulged in significant insider trading. Glu Mobile Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP, COO and CFO Ludwig Eric R has sold 160,000 shares of Glu Mobile Inc. (GLUU) in trading session dated Oct. 09, 2017. These shares are worth $587,200 and were traded at $3.67 each. The SEC filing shows that Ludwig Eric R performed a sale of 100,000 shares. The EVP, COO and CFO disposed these shares by way of transaction on Oct. 02, 2017. The company’s shares were given away at $3.75 per share worth to an income of some $375,000 on account of Ludwig Eric R.
EVP, COO and CFO, Ludwig Eric R, sold 25,000 common shares of Glu Mobile Inc. (GLUU) in the open market. In a transaction dated Aug. 22, 2017, the shares were put up for sale at an average price of $3.43, raking in a sum of $85,750. After this sale, 304,157 common shares of GLUU are directly owned by the insider, with total stake valued at $1,155,797.
In the transaction dated Aug. 15, 2017, the great number of shares disposed came courtesy the EVP, COO and CFO; Ludwig Eric R disposed a total of 49,000 shares at an average price of $3.12, amounting to approximately $152,880. The insider now directly owns 304,157 shares worth $1,155,797.Glu Mobile Inc. (GLUU) Analyst Guide
Several analysts have released their opinion on Glu Mobile Inc. (NASDAQ:GLUU), with 3 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.8 average brokerage recommendation.