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

Unity Software Inc. (NYSE:U) SVP Anirma Gupta sold 465 shares of Unity Software stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $21.68, for a total value 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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 mid-day trading on Tuesday, hitting $21.82. The stock had a trading volume of 11,199,829 shares, compared to its average volume of 9,058,359. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $33.43. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The stock has a market cap of $8.79 billion, a price-to-earnings ratio of -10.69 and a beta of 2.32. The company’s 50 day simple moving average is $22.61 and its 200 day simple moving average is $20.89.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Needham & Company LLC boosted their target price on Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Jefferies Financial Group boosted their price objective on shares of Unity Software from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. JMP Securities restated a “market perform” rating on shares of Unity Software in a report on Monday, February 3rd. UBS Group lifted their price target on shares of Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Benchmark increased their price objective on shares of Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $22.81.

Institutional Trading of Unity Software

Several institutional investors and hedge funds have recently bought and sold shares of the business. Anderson Financial Strategies LLC bought a new position in shares of Unity Software during the 4th quarter worth approximately $28,000. R Squared Ltd acquired a new stake in Unity Software during the 4th quarter valued at $30,000. Principal Securities Inc. boosted its position in Unity Software by 50.5% during the fourth 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 Unity Software during the third quarter worth $34,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Unity Software in the fourth quarter valued at $36,000. Institutional investors own 73.46% of the company’s stock.

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.