Stock Traders Purchase Large Volume of Call Options on Unity Software (NYSE:U)

Unity Software Inc. (NYSE:U) was the target of some unusual options trading activity on Thursday. Stock traders bought 144,883 call options on the stock. This is an increase of 138% compared to the average volume of 60,973 call options.

Insider Activity at Unity Software

In other Unity Software news, Director David Helgason sold 7,860 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $26.45, for a total transaction of $207,897.00. Following the transaction, the director now directly owns 10,493 shares in the company, valued at approximately $277,539.85. This represents a 42.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $25.02, for a total transaction of $6,255,000.00. Following the sale, the director now owns 3,648,146 shares of the company’s stock, valued at approximately $91,276,612.92. This represents a 6.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 679,264 shares of company stock valued at $16,612,383 over the last quarter. Corporate insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Unity Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC increased its position in shares of Unity Software by 19.6% during the 3rd quarter. CWM LLC now owns 11,243 shares of the company’s stock worth $254,000 after purchasing an additional 1,845 shares during the last quarter. Creative Planning increased its holdings in Unity Software by 13.7% during the third quarter. Creative Planning now owns 153,742 shares of the company’s stock worth $3,478,000 after buying an additional 18,547 shares during the last quarter. Stratos Wealth Advisors LLC bought a new stake in Unity Software during the third quarter worth $418,000. Blue Trust Inc. lifted its stake in Unity Software by 54.0% in the third quarter. Blue Trust Inc. now owns 4,810 shares of the company’s stock valued at $109,000 after acquiring an additional 1,687 shares during the last quarter. Finally, Signaturefd LLC grew its position in shares of Unity Software by 106.1% in the 3rd quarter. Signaturefd LLC now owns 4,081 shares of the company’s stock valued at $92,000 after acquiring an additional 2,101 shares during the period. 73.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Needham & Company LLC lifted their price objective on Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. UBS Group boosted their target price on Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Benchmark increased their price target on shares of Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a research report 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 company a “buy” rating in a report on Monday, January 6th. Finally, Barclays increased their target price on shares of Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $22.81.

Unity Software Stock Up 21.4 %

U stock traded up $4.60 during trading hours on Thursday, reaching $26.07. 36,790,048 shares of the stock were exchanged, compared to its average volume of 9,976,877. The company has a market cap of $10.50 billion, a price-to-earnings ratio of -12.80 and a beta of 2.32. The firm’s 50-day moving average is $22.42 and its 200-day moving average is $20.94. Unity Software has a 12 month low of $13.90 and a 12 month high of $33.43. 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 earnings results on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.05. Unity Software had a negative return on equity of 11.30% and a negative net margin of 40.47%. On average, equities research analysts expect that Unity Software will post -1.72 earnings per share for the current year.

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.