Unity Software Inc. (NYSE:U) SVP Sells $806,048.04 in Stock

Unity Software Inc. (NYSE:U - Get Free Report) SVP Anirma Gupta sold 31,948 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $25.23, for a total transaction of $806,048.04. Following the completion of the transaction, the senior vice president now owns 542,942 shares in the company, valued at approximately $13,698,426.66. The trade was a 5.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, February 18th, Anirma Gupta sold 465 shares of Unity Software stock. The stock was sold at an average price of $21.68, for a total transaction of $10,081.20.
• On Wednesday, January 15th, Anirma Gupta sold 456 shares of Unity Software stock. The stock was sold at an average price of $22.96, for a total transaction of $10,469.76.

Unity Software Price Performance

U traded down $0.60 during trading on Friday, reaching $25.58. 13,728,765 shares of the company traded hands, compared to its average volume of 12,864,354. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $30.88. The firm has a fifty day simple moving average of $22.82 and a 200 day simple moving average of $21.56. The company has a market cap of $10.48 billion, a P/E ratio of -15.22 and a beta of 2.32.

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

Analyst Ratings Changes

Several research firms have issued reports on U. Wells Fargo & Company upped their target price on shares of Unity Software from $20.00 to $27.00 and gave the company an "equal weight" rating in a research note on Friday, February 21st. JMP Securities reiterated a "market perform" rating on shares of Unity Software in a research note on Monday, February 3rd. Morgan Stanley increased their price objective on shares of Unity Software from $26.00 to $32.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Hsbc Global Res upgraded shares of Unity Software to a "strong-buy" rating in a research note on Friday, February 21st. Finally, Needham & Company LLC increased their price objective on shares of Unity Software from $26.00 to $33.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Unity Software presently has an average rating of "Hold" and a consensus target price of $25.04.

Institutional Investors Weigh In On Unity Software

Institutional investors have recently added to or reduced their stakes in the stock. Ariose Capital Management Ltd purchased a new position in shares of Unity Software in the fourth quarter valued at $2,299,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Unity Software by 100.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company's stock valued at $42,662,000 after purchasing an additional 944,709 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Unity Software by 2,665.4% in the third quarter. CIBC Asset Management Inc now owns 342,472 shares of the company's stock valued at $7,747,000 after purchasing an additional 330,088 shares in the last quarter. LMR Partners LLP purchased a new position in shares of Unity Software in the third quarter valued at $611,000. Finally, Edgestream Partners L.P. lifted its position in Unity Software by 637.9% in the third quarter. Edgestream Partners L.P. now owns 102,899 shares of the company's stock worth $2,328,000 after buying an additional 88,955 shares during the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.

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.