David Helgason Sells 38,924 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U - Get Free Report) Director David Helgason sold 38,924 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $25.84, for a total transaction of $1,005,796.16. Following the transaction, the director now directly owns 7,750,646 shares in the company, valued at approximately $200,276,692.64. This represents a 0.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

David Helgason also recently made the following trade(s):

• On Wednesday, February 26th, David Helgason sold 38,924 shares of Unity Software stock. The shares were sold at an average price of $26.92, for a total transaction of $1,047,834.08.
• On Tuesday, December 10th, David Helgason sold 7,860 shares of Unity Software stock. The shares were sold at an average price of $26.45, for a total transaction of $207,897.00.

Unity Software Trading Down 2.3 %

Shares of NYSE:U traded down $0.60 during mid-day trading on Friday, hitting $25.58. The company had a trading volume of 13,728,765 shares, compared to its average volume of 12,864,354. The firm has a fifty day moving average price of $22.82 and a 200 day moving average price of $21.52. The company has a market capitalization of $10.48 billion, a PE ratio of -15.22 and a beta of 2.32. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. Unity Software Inc. has a one year low of $13.90 and a one year high of $30.88.

Unity Software (NYSE:U - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.05. The company had revenue of $457.10 million during the quarter, compared to analyst estimates of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. As a group, research analysts forecast that Unity Software Inc. will post -1.25 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Needham & Company LLC raised their price target on shares of Unity Software from $26.00 to $33.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Morgan Stanley raised their price target on shares of Unity Software from $26.00 to $32.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Macquarie raised their price target on shares of Unity Software from $15.00 to $16.00 and gave the company an "underperform" rating in a research note on Friday, November 8th. Barclays raised their price target on shares of Unity Software from $18.00 to $26.00 and gave the company an "equal weight" rating in a research note on Friday, February 21st. Finally, Wedbush restated an "outperform" rating and issued a $27.00 price target on shares of Unity Software in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Unity Software has an average rating of "Hold" and a consensus price target of $25.04.

Institutional Trading of Unity Software

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its holdings in Unity Software by 33.6% during the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company's stock worth $37,000 after acquiring an additional 411 shares during the last quarter. Principal Securities Inc. boosted its holdings in Unity Software by 50.5% during the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock worth $32,000 after acquiring an additional 477 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Unity Software by 3.5% during the 4th quarter. Farther Finance Advisors LLC now owns 14,435 shares of the company's stock worth $324,000 after acquiring an additional 488 shares during the last quarter. Tidal Investments LLC boosted its holdings in Unity Software by 4.9% during the 3rd quarter. Tidal Investments LLC now owns 15,410 shares of the company's stock worth $349,000 after acquiring an additional 723 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in Unity Software by 28.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company's stock worth $89,000 after acquiring an additional 876 shares during the last quarter. Institutional investors own 73.46% of the company's stock.

Unity Software Company Profile

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.