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 business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $26.92, for a total transaction of $1,047,834.08. Following the completion of the transaction, the director now owns 7,828,494 shares in the company, valued at $210,743,058.48. This represents a 0.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, February 28th, David Helgason sold 38,924 shares of Unity Software stock. The stock was sold at an average price of $25.84, for a total transaction of $1,005,796.16.
• On Tuesday, December 10th, David Helgason sold 7,860 shares of Unity Software stock. The stock was sold at an average price of $26.45, for a total transaction of $207,897.00.

Unity Software Stock Down 2.3 %

Shares of NYSE: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 firm has a fifty day simple moving average of $22.82 and a 200 day simple moving average of $21.52. The firm has a market cap of $10.48 billion, a P/E ratio of -15.22 and a beta of 2.32. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $30.88. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U - Get Free Report) last released its quarterly 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 for the quarter, compared to the consensus estimate of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. Analysts anticipate that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Anderson Financial Strategies LLC bought a new position in Unity Software in the 4th quarter worth $28,000. R Squared Ltd bought a new position in Unity Software in the 4th quarter worth $30,000. Principal Securities Inc. increased its holdings 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 worth $32,000 after purchasing an additional 477 shares during the period. Planning Capital Management Corp bought a new position in shares of Unity Software during the 3rd quarter worth about $34,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Unity Software during the 4th quarter worth about $36,000. Institutional investors own 73.46% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Unity Software from $20.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Friday, February 21st. UBS Group boosted their target price on shares of Unity Software from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. Jefferies Financial Group boosted their target price on shares of Unity Software from $23.00 to $28.00 and gave the stock a "hold" rating in a research report on Friday, February 21st. JMP Securities reaffirmed a "market perform" rating on shares of Unity Software in a research report on Monday, February 3rd. Finally, Wedbush reaffirmed an "outperform" rating and set a $27.00 price objective on shares of Unity Software in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $25.04.

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.