Unity Software Inc. (NYSE:U) Director David Helgason Sells 38,924 Shares of Stock

Unity Software Inc. (NYSE:U) Director David Helgason sold 38,924 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $25.84, for a total value of $1,005,796.16. Following the completion of the sale, the director now owns 7,750,646 shares of the company’s stock, valued at $200,276,692.64. The trade was a 0.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, February 26th, David Helgason sold 38,924 shares of Unity Software stock. The stock was sold at an average price of $26.92, for a total value of $1,047,834.08.
• On Tuesday, December 10th, David Helgason sold 7,860 shares of Unity Software stock. The shares were sold at an average price of $26.45, for a total transaction of $207,897.00.

Unity Software Stock Performance

NYSE:U opened at $25.58 on Friday. Unity Software Inc. has a 52-week low of $13.90 and a 52-week high of $30.88. The business’s fifty day moving average is $22.82 and its 200 day moving average is $21.49. 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 firm has a market cap of $10.48 billion, a price-to-earnings ratio of -15.22 and a beta of 2.32.

Unity Software (NYSE:U) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.05. The company had revenue of $457.10 million during the quarter, compared to analyst estimates of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. Research analysts predict that Unity Software Inc. will post -1.25 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on U shares. Needham & Company LLC lifted their price target on shares of Unity Software from $26.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, February 21st. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a report on Monday, February 3rd. Morgan Stanley boosted their price target on shares of Unity Software from $26.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. 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. Finally, Wells Fargo & Company boosted their price target on shares of Unity Software from $20.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, nine have given 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 a consensus rating of “Hold” and an average target price of $25.04.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new position in Unity Software in the fourth quarter worth $269,320,000. Slate Path Capital LP purchased a new position in shares of Unity Software in the 4th quarter worth about $62,387,000. Capital International Investors increased its position in shares of Unity Software by 10.4% during the 4th quarter. Capital International Investors now owns 18,886,853 shares of the company’s stock valued at $424,388,000 after purchasing an additional 1,786,032 shares during the last quarter. Ameriprise Financial Inc. raised its holdings 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 valued at $39,771,000 after buying an additional 1,725,070 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position 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 worth $43,505,000 after buying an additional 1,521,165 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.

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.