Anirma Gupta Sells 465 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U - Get Free Report) SVP Anirma Gupta sold 465 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $21.68, for a total transaction of $10,081.20. Following the completion of the sale, the senior vice president now directly owns 574,890 shares in the company, valued at $12,463,615.20. This represents a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• 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 value of $10,469.76.

Unity Software Stock Performance

NYSE:U traded up $0.31 during trading hours on Friday, reaching $28.31. 39,793,431 shares of the stock were exchanged, compared to its average volume of 11,738,400. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $33.43. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $11.41 billion, a P/E ratio of -13.88 and a beta of 2.32. The firm has a 50 day simple moving average of $22.53 and a 200-day simple moving average of $21.08.

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, topping the consensus estimate of ($0.35) by $0.05. Unity Software had a negative return on equity of 11.30% and a negative net margin of 40.47%. The firm had revenue of $457.10 million for the quarter, compared to analysts' expectations of $433.47 million. As a group, sell-side analysts forecast that Unity Software Inc. will post -1.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on U shares. HSBC upgraded Unity Software from a "hold" rating to a "buy" rating and set a $34.00 price target for the company in a research note on Friday. Macquarie boosted their price objective on shares of Unity Software from $15.00 to $16.00 and gave the stock an "underperform" rating in a research note on Friday, November 8th. Wells Fargo & Company lifted their target price on shares of Unity Software from $20.00 to $27.00 and gave the company an "equal weight" rating in a report on Friday. Jefferies Financial Group boosted their price objective on Unity Software from $23.00 to $28.00 and gave the stock a "hold" rating in a research note on Friday. Finally, Needham & Company LLC raised their target price on Unity Software from $26.00 to $33.00 and gave the company a "buy" rating in a report on Friday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $25.96.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of U. Anderson Financial Strategies LLC bought a new stake in shares of Unity Software in the 4th quarter worth approximately $28,000. R Squared Ltd acquired a new stake in Unity Software in the fourth quarter worth $30,000. Principal Securities Inc. lifted its stake in Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock valued at $32,000 after buying an additional 477 shares during the last quarter. Planning Capital Management Corp acquired a new position in shares of Unity Software during the third quarter valued at $34,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Unity Software in the 4th quarter worth about $36,000. 73.46% of the stock is owned by institutional investors and hedge funds.

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.