Insider Selling: Unity Software Inc. (NYSE:U) SVP Sells 31,948 Shares of Stock

Unity Software Inc. (NYSE:U) SVP Anirma Gupta sold 31,948 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $25.23, for a total transaction of $806,048.04. Following the transaction, the senior vice president now directly owns 542,942 shares of the company’s stock, valued at approximately $13,698,426.66. This represents a 5.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, February 18th, Anirma Gupta sold 465 shares of Unity Software stock. The stock was sold at an average price of $21.68, for a total value of $10,081.20.
• On Wednesday, January 15th, Anirma Gupta sold 456 shares of Unity Software stock. The shares were sold at an average price of $22.96, for a total transaction of $10,469.76.

Unity Software Price Performance

Shares of Unity Software stock traded up $0.96 during trading hours on Wednesday, reaching $26.61. 10,989,243 shares of the company’s stock were exchanged, compared to its average volume of 12,620,718. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $31.68. The company has a market capitalization of $10.72 billion, a P/E ratio of -15.92 and a beta of 2.32. 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 business has a fifty day moving average of $22.60 and a two-hundred day moving average of $21.34.

Unity Software (NYSE:U) last released 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. The firm had revenue of $457.10 million during the quarter, compared to analysts’ expectations of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. As a group, research analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on U. Wedbush reissued an “outperform” rating and issued a $27.00 price objective on shares of Unity Software in a research note on Thursday, February 13th. Benchmark raised Unity Software from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. Wells Fargo & Company boosted their price objective on shares of Unity Software from $20.00 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, February 21st. JMP Securities reissued a “market perform” rating on shares of Unity Software in a research report on Monday, February 3rd. Finally, Macquarie lifted their target price on Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $25.96.

Institutional Investors Weigh In On Unity Software

Institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in shares of Unity Software in the fourth quarter valued at approximately $269,320,000. Slate Path Capital LP acquired a new stake in Unity Software during the 4th quarter valued at $62,387,000. Capital International Investors increased its position in Unity Software by 10.4% during the 4th quarter. Capital International Investors now owns 18,886,853 shares of the company’s stock worth $424,388,000 after purchasing an additional 1,786,032 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Unity Software by 3,843.9% during the 4th quarter. Ameriprise Financial Inc. now owns 1,769,948 shares of the company’s stock worth $39,771,000 after purchasing an additional 1,725,070 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Unity Software by 366.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,936,131 shares of the company’s stock valued at $43,505,000 after buying an additional 1,521,165 shares during the period. 73.46% of the stock is owned by hedge funds and other institutional investors.

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.