Unity Software Inc. (NYSE:U – Get Free Report) CFO Jarrod Yahes sold 15,000 shares of the stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $41.15, for a total value of $617,250.00. Following the sale, the chief financial officer directly owned 623,504 shares in the company, valued at $25,657,189.60. This trade represents a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Jarrod Yahes also recently made the following trade(s):
- On Monday, August 25th, Jarrod Yahes sold 29,876 shares of Unity Software stock. The stock was sold at an average price of $39.32, for a total value of $1,174,724.32.
Unity Software Price Performance
U opened at $40.02 on Friday. The company’s 50-day simple moving average is $40.01 and its two-hundred day simple moving average is $32.15. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.73 and a current ratio of 2.78. The stock has a market capitalization of $17.13 billion, a P/E ratio of -38.12 and a beta of 2.37. Unity Software Inc. has a 52-week low of $15.33 and a 52-week high of $46.94.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Unity Software by 10.8% during the third quarter. GAMMA Investing LLC now owns 2,967 shares of the company’s stock valued at $119,000 after acquiring an additional 288 shares during the period. Allworth Financial LP grew its position in shares of Unity Software by 28.4% during the second quarter. Allworth Financial LP now owns 1,865 shares of the company’s stock worth $45,000 after purchasing an additional 412 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Unity Software by 4.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 10,766 shares of the company’s stock valued at $261,000 after purchasing an additional 454 shares during the period. Captrust Financial Advisors lifted its holdings in Unity Software by 2.1% in the 2nd quarter. Captrust Financial Advisors now owns 22,330 shares of the company’s stock worth $540,000 after purchasing an additional 462 shares in the last quarter. Finally, Stephens Inc. AR boosted its stake in Unity Software by 4.1% in the 3rd quarter. Stephens Inc. AR now owns 11,826 shares of the company’s stock worth $474,000 after purchasing an additional 471 shares during the period. Institutional investors own 73.46% of the company’s stock.
Wall Street Analyst Weigh In
U has been the topic of several research analyst reports. Zacks Research cut Unity Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Jefferies Financial Group raised their target price on Unity Software from $29.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Wall Street Zen upgraded Unity Software from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Macquarie upgraded shares of Unity Software from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $33.00 to $50.00 in a research note on Friday. Finally, JMP Securities raised their price objective on shares of Unity Software from $30.00 to $35.00 and gave the stock a “market outperform” rating in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Unity Software has an average rating of “Hold” and an average target price of $38.40.
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.
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