The EC of Glu Mobile (NASDAQ: GLUU) is Buying Shares

By Carrie Williams

Today, the EC of Glu Mobile (NASDAQ: GLUU), Masi Niccolo De, bought shares of GLUU for $196.7K.

This recent transaction increases Masi Niccolo De’s holding in the company by 59.04% to a total of $3.39 million. Following Masi Niccolo De’s last GLUU Buy transaction on November 16, 2017, the stock climbed by 1.4%.

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Based on Glu Mobile’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $81.44 million and GAAP net loss of $7.21 million. In comparison, last year the company earned revenue of $56.79 million and had a GAAP net loss of $22.76 million. Currently, Glu Mobile has an average volume of 1.35M.

11 different firms, including B.Riley FBR and Canaccord Genuity, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $270K worth of GLUU shares and purchased $196.7K worth of GLUU shares. The insider sentiment on Glu Mobile has been negative according to 85 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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.