Unity Software Target of Unusually Large Options Trading (NYSE:U)

Unity Software Inc. (NYSE:U - Get Free Report) was the target of some unusual options trading activity on Thursday. Investors acquired 105,138 call options on the company. This represents an increase of 81% compared to the typical daily volume of 58,040 call options.

Insider Activity at Unity Software

In related news, SVP Anirma Gupta sold 1,506 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $16.73, for a total transaction of $25,195.38. Following the completion of the sale, the senior vice president now directly owns 409,540 shares of the company's stock, valued at approximately $6,851,604.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, SVP Anirma Gupta sold 1,506 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $16.73, for a total transaction of $25,195.38. Following the completion of the sale, the senior vice president now directly owns 409,540 shares of the company's stock, valued at approximately $6,851,604.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David Helgason sold 250,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $20.59, for a total value of $5,147,500.00. Following the sale, the director now directly owns 8,201,851 shares of the company's stock, valued at $168,876,112.09. The disclosure for this sale can be found here. Insiders have sold 283,906 shares of company stock worth $5,753,611 in the last ninety days. Company insiders own 6.30% of the company's stock.

Institutional Investors Weigh In On Unity Software

Several hedge funds have recently modified their holdings of the company. Tradewinds Capital Management LLC grew its holdings in Unity Software by 245.6% during the 1st quarter. Tradewinds Capital Management LLC now owns 985 shares of the company's stock worth $26,000 after acquiring an additional 700 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Unity Software by 2,429.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company's stock worth $28,000 after purchasing an additional 996 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Unity Software by 163.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company's stock worth $36,000 after purchasing an additional 1,389 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in Unity Software by 31.6% in the first quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company's stock valued at $62,000 after purchasing an additional 562 shares during the period. Finally, EntryPoint Capital LLC bought a new position in Unity Software during the 1st quarter worth $65,000. Institutional investors and hedge funds own 73.46% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Macquarie raised their target price on shares of Unity Software from $12.00 to $15.00 and gave the company an "underperform" rating in a research note on Tuesday, September 17th. JMP Securities reissued a "market perform" rating on shares of Unity Software in a research note on Friday, September 13th. The Goldman Sachs Group decreased their target price on shares of Unity Software from $26.00 to $22.50 and set a "neutral" rating for the company in a research note on Friday, August 9th. Needham & Company LLC decreased their target price on shares of Unity Software from $31.00 to $23.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Finally, Wedbush raised their target price on shares of Unity Software from $21.00 to $27.00 and gave the company an "outperform" rating in a research note on Monday, September 16th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $24.21.

Unity Software Price Performance

Shares of NYSE U traded down $0.36 during mid-day trading on Thursday, reaching $20.68. The company had a trading volume of 12,396,373 shares, compared to its average volume of 10,643,445. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.36 and a current ratio of 2.36. Unity Software has a one year low of $13.90 and a one year high of $43.54. The firm has a market cap of $8.08 billion, a price-to-earnings ratio of -9.23 and a beta of 2.27. The business's 50-day simple moving average is $17.81 and its 200 day simple moving average is $19.80.

Unity Software (NYSE:U - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.32) EPS for the quarter, topping analysts' consensus estimates of ($0.44) by $0.12. Unity Software had a negative return on equity of 8.78% and a negative net margin of 38.52%. The company had revenue of $449.30 million for the quarter, compared to analysts' expectations of $438.37 million. During the same quarter last year, the business earned ($0.26) earnings per share. Unity Software's revenue was down 15.8% on a year-over-year basis. On average, research analysts predict that Unity Software will post -1.86 earnings per share for the current fiscal year.

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.