Unity Software Inc. (NYSE:U) COO Sells $37,359.54 in Stock

Unity Software Inc. (NYSE:U - Get Free Report) COO Alexander Blum sold 1,479 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $25.26, for a total value of $37,359.54. Following the completion of the sale, the chief operating officer now directly owns 495,648 shares in the company, valued at approximately $12,520,068.48. The trade was a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Unity Software Stock Performance

Shares of U stock traded down $0.60 during trading hours on Friday, reaching $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 market cap of $10.48 billion, a PE ratio of -15.22 and a beta of 2.32. The business has a fifty day moving average price of $22.82 and a 200-day moving average price of $21.56. Unity Software Inc. has a one year low of $13.90 and a one year high of $30.88. 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 (NYSE:U - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, beating analysts' consensus estimates of ($0.35) by $0.05. The business 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%. Sell-side analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on U shares. Hsbc Global Res upgraded shares of Unity Software to a "strong-buy" rating in a report on Friday, February 21st. Morgan Stanley upped their price objective on shares of Unity Software from $26.00 to $32.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Macquarie increased their target price on Unity Software from $15.00 to $16.00 and gave the stock an "underperform" rating in a research note on Friday, November 8th. UBS Group increased their target price on Unity Software from $21.00 to $23.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Finally, Wedbush reissued an "outperform" rating and issued a $27.00 target price on shares of Unity Software in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Unity Software currently has an average rating of "Hold" and a consensus target price of $25.04.

Hedge Funds Weigh In On Unity Software

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Unity Software by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 31,123,035 shares of the company's stock worth $699,335,000 after buying an additional 625,872 shares during the last quarter. Capital International Investors boosted its holdings in shares of Unity Software by 10.4% in the fourth quarter. Capital International Investors now owns 18,886,853 shares of the company's stock worth $424,388,000 after buying an additional 1,786,032 shares during the last quarter. Norges Bank purchased a new position in shares of Unity Software in the fourth quarter worth approximately $269,320,000. Geode Capital Management LLC lifted its position in Unity Software by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 4,769,609 shares of the company's stock valued at $107,208,000 after purchasing an additional 84,480 shares in the last quarter. Finally, Slate Path Capital LP purchased a new position in Unity Software during the fourth quarter valued at $62,387,000. 73.46% of the stock is currently 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.