The Chairman & CEO of Glu Mobile (NASDAQ: GLUU) is Buying Shares

By Carrie Williams

Today, the Chairman & CEO of Glu Mobile (NASDAQ: GLUU), Masi Niccolo De, bought shares of GLUU for $41.2K.

This recent transaction increases Masi Niccolo De’s holding in the company by 3.05% to a total of $500.4K. In addition to Masi Niccolo De, one other GLUU executive reported Buy trades in the last month.

The company has a one year high of $4 and a one year low of $1.73. Currently, Glu Mobile has an average volume of 2.38M.

11 different firms, including B. Riley and Canaccord Genuity, currently also have a Buy rating on the stock. Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $2.57, reflecting a -12.1% downside.

The insider sentiment on Glu Mobile has been positive according to 39 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Glu Mobile, Inc. designs, markets and sells mobile games. It develops, publishes and markets a portfolio of games designed to appeal to a broad cross section of the users of smartphones and tablet devices who download and make purchases within its games through direct-to-consumer digital storefronts, such as the Apple App Store, Google Play Store, Amazon Appstore and others. The company was founded in May 2001 and is headquartered in San Francisco, CA.