Unity Software Inc. (NYSE:U) SVP Anirma Gupta Sells 551 Shares

Unity Software Inc. (NYSE:U - Get Free Report) SVP Anirma Gupta sold 551 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $18.17, for a total value of $10,011.67. Following the transaction, the senior vice president now directly owns 691,909 shares of the company's stock, valued at $12,571,986.53. This represents a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Anirma Gupta also recently made the following trade(s):

• On Monday, March 17th, Anirma Gupta sold 482 shares of Unity Software stock. The stock was sold at an average price of $20.61, for a total transaction of $9,934.02.
• On Tuesday, February 25th, Anirma Gupta sold 31,948 shares of Unity Software stock. The shares were sold at an average price of $25.23, for a total value of $806,048.04.
• On Tuesday, February 18th, Anirma Gupta sold 465 shares of Unity Software stock. The shares were sold at an average price of $21.68, for a total value of $10,081.20.

Unity Software Trading Up 0.4 %

Shares of U traded up $0.08 during trading hours on Monday, hitting $19.31. 6,102,716 shares of the stock were exchanged, compared to its average volume of 10,903,830. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The business has a 50-day moving average of $21.53 and a 200-day moving average of $22.02. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $30.88. The firm has a market capitalization of $7.91 billion, a P/E ratio of -11.49 and a beta of 2.31.

Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, topping analysts' consensus estimates of ($0.35) by $0.05. The business had revenue of $457.10 million during the quarter, compared to analysts' expectations of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. On average, research analysts expect that Unity Software Inc. will post -1.25 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Anderson Financial Strategies LLC purchased a new stake in Unity Software in the 4th quarter valued at about $28,000. R Squared Ltd purchased a new position in Unity Software in the fourth quarter valued at about $30,000. Principal Securities Inc. grew its position in shares of Unity Software by 50.5% during the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock valued at $32,000 after acquiring an additional 477 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Unity Software during the 4th quarter worth approximately $36,000. Finally, GAMMA Investing LLC raised its holdings in shares of Unity Software by 33.6% in the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company's stock worth $37,000 after purchasing an additional 411 shares during the period. Institutional investors and hedge funds own 73.46% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. UBS Group dropped their target price on Unity Software from $30.00 to $22.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Macquarie initiated coverage on Unity Software in a report on Monday, March 10th. They issued a "neutral" rating and a $24.00 price objective for the company. Wedbush reissued an "outperform" rating and set a $27.00 target price on shares of Unity Software in a report on Thursday, February 13th. JMP Securities reaffirmed a "market perform" rating on shares of Unity Software in a research note on Monday, February 3rd. Finally, Hsbc Global Res raised shares of Unity Software to a "strong-buy" rating in a report on Friday, February 21st. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $23.96.

About Unity Software

Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.