Insider Selling: Unity Software Inc. (NYSE:U) SVP Sells $10,011.67 in Stock

Unity Software Inc. (NYSE:U) SVP Anirma Gupta sold 551 shares of the company’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $18.17, for a total value of $10,011.67. Following the completion of the transaction, the senior vice president now owns 691,909 shares of the company’s stock, valued at $12,571,986.53. This trade represents a 0.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, March 17th, Anirma Gupta sold 482 shares of Unity Software stock. The shares were sold at an average price of $20.61, for a total transaction of $9,934.02.
• On Tuesday, February 25th, Anirma Gupta sold 31,948 shares of Unity Software stock. The shares were sold at an average price of $25.23, for a total transaction of $806,048.04.
• 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 transaction of $10,081.20.

Unity Software Trading Up 1.6 %

Shares of Unity Software stock opened at $19.20 on Friday. The company has a 50 day simple moving average of $21.53 and a two-hundred day simple moving average of $22.01. The firm has a market cap of $7.86 billion, a PE ratio of -11.43 and a beta of 2.31. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $30.88. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on U. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a research report on Monday, February 3rd. Wedbush reiterated an “outperform” rating and issued a $27.00 target price on shares of Unity Software in a research note on Thursday, February 13th. Morgan Stanley cut their price objective on shares of Unity Software from $32.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday. Benchmark upgraded Unity Software from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, Wells Fargo & Company decreased their price objective on Unity Software from $22.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $23.96.

Institutional Trading of Unity Software

Hedge funds and other institutional investors have recently bought and sold shares of the company. Anderson Financial Strategies LLC purchased a new stake in shares of Unity Software in the 4th quarter valued at $28,000. R Squared Ltd purchased a new stake in Unity Software during the fourth quarter valued at about $30,000. Principal Securities Inc. grew its stake in shares of Unity Software by 50.5% during 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. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Unity Software in the 4th quarter valued at about $36,000. Finally, GAMMA Investing LLC grew its position in Unity Software by 33.6% during the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock worth $37,000 after acquiring an additional 411 shares during the last quarter. Hedge funds and other 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.