Anirma Gupta Sells 927 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U) SVP Anirma Gupta sold 927 shares of Unity Software stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $26.93, for a total transaction of $24,964.11. Following the completion of the transaction, the senior vice president now owns 387,743 shares of the company’s stock, valued at approximately $10,441,918.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, January 29th, Anirma Gupta sold 756 shares of Unity Software stock. The stock was sold at an average price of $33.07, for a total transaction of $25,000.92.

Unity Software Trading Up 1.1 %

Shares of U opened at $27.00 on Thursday. The firm has a market cap of $10.42 billion, a price-to-earnings ratio of -12.50 and a beta of 2.44. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.60 and a current ratio of 2.60. Unity Software Inc. has a fifty-two week low of $22.20 and a fifty-two week high of $50.08. The firm has a 50 day moving average price of $30.50 and a 200-day moving average price of $31.56.

Unity Software (NYSE:U) last announced its quarterly earnings data on Monday, February 26th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.89). The business had revenue of $609.27 million during the quarter, compared to the consensus estimate of $551.01 million. Unity Software had a negative return on equity of 10.14% and a negative net margin of 37.64%. The company’s revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.50) earnings per share. As a group, equities research analysts forecast that Unity Software Inc. will post -0.63 earnings per share for the current year.

Institutional Investors Weigh In On Unity Software

A number of hedge funds have recently made changes to their positions in the business. Nomura Holdings Inc. raised its holdings in Unity Software by 625.8% during the 4th quarter. Nomura Holdings Inc. now owns 390,184 shares of the company’s stock valued at $15,955,000 after buying an additional 336,423 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Unity Software by 19.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,649 shares of the company’s stock valued at $272,000 after buying an additional 1,064 shares during the last quarter. Vanguard Group Inc. raised its holdings in Unity Software by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 26,128,209 shares of the company’s stock valued at $1,068,382,000 after buying an additional 308,412 shares during the last quarter. Royal London Asset Management Ltd. raised its holdings in Unity Software by 0.4% during the 4th quarter. Royal London Asset Management Ltd. now owns 116,167 shares of the company’s stock valued at $4,750,000 after buying an additional 440 shares during the last quarter. Finally, Austin Wealth Management LLC bought a new stake in Unity Software during the 4th quarter valued at $277,000. 73.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Barclays reduced their target price on shares of Unity Software from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 27th. Wedbush reduced their price objective on shares of Unity Software from $50.00 to $33.50 and set an “outperform” rating for the company in a research note on Tuesday, February 27th. Macquarie cut shares of Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 price objective for the company. in a research note on Monday, February 12th. The Goldman Sachs Group boosted their price objective on shares of Unity Software from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Tuesday, January 9th. Finally, Needham & Company LLC reduced their price objective on shares of Unity Software from $40.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, February 27th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a 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 $37.03.

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.