E2open Inc. (NASDAQ:EOPN), Glu Mobile Inc. (NASDAQ:GLUU) and CONN’S Inc. (NASDAQ:CONN) made big gains this Thursday. Unwired Planet Inc. (NASDAQ:UPIP), Gartner Inc. (NYSE:IT) and ITT Educational Services Inc. (NYSE:ESI), on the other hand, took tumbles.
Voss Capital is long Nintendo, Avid and Extreme Networks despite “Software bubble”
Voss Capital's Voss Value Fund was up 19.91% for the third quarter, while the firm's Voss Value Offshore Fund was up 19.88%. Both funds are now in the green for this year after erasing the damage that was done in March. Year to date, the Voss Value Fund is up 2.41%, while the Voss Value Read More
Katy Perry Game News Sends Glu Mobile Soaring
E2open Inc. surged +39.77% today, ending the day priced at $8.54. The company announced today that it has agreed to be acquired by private equity firm Insight Venture Partners in a deal valued at $273 million. Wilbur Ross has had a position in the enterprise software firm since the third quarter of 2012.
Glu Mobile hit market close up +30.73% for the day. The mobile game developer, which made headlines last year with its Kim Kardashian game, said yesterday that it plans to develop a new Katy Perry game. With more than two million GLUU shares as of Q3 2014, Tiger Global will get a boost on this one.
CONN’S Inc. gained +24.44% this Thursday. The company missed analysts’ expectations with its Q4 sales numbers but did report an increase in January sales – news welcomed by investors. David Einhorn’s Greenlight Capital has taken a bit of a hit on its CONN’S Inc. investment, given the stock has declined nearly -50% over the past six months.
Gartner Inc. Tumbles on Earnings Miss
Unwired Planet Inc. plunged -10.96% today, ending the day trading just cents above its 52-week low of $0.80. The company posted quarterly earnings results yesterday, including a net loss of $11 million. The intellectual property and technology licensing company has been in billionaire George Soros’ portfolio since the second quarter of 2012.
Earnings disappointment also took a toll on Gartner Inc., which tumbled -7.37% after falling $0.08 short of EPS expectations. As of his most recent regulatory filing, Richard Chilton holds 113,000 shares of the IT research and advisory company.
ITT Educational Services Inc. ended the day down -7.33%, putting its YTD performance at -18.42%. George Soros picked up a stake in the company in Q3 2014.