Insider Selling: Unity Software Inc. (NYSE:U) SVP Sells $10,081.20 in Stock

Unity Software Inc. (NYSE:U) SVP Anirma Gupta sold 465 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $21.68, for a total value of $10,081.20. Following the completion of the sale, the senior vice president now owns 574,890 shares in the company, valued at $12,463,615.20. This trade represents a 0.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• 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 value of $10,469.76.

Unity Software Price Performance

U stock opened at $27.96 on Friday. The stock’s 50 day simple moving average is $22.45 and its 200 day simple moving average is $20.99. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $33.43. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, topping analysts’ consensus estimates 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%. Equities research analysts forecast that Unity Software Inc. will post -1.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

U has been the topic of a number of analyst reports. Needham & Company LLC upped their price target on Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, November 8th. UBS Group upped their target price on Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. JMP Securities restated a “market perform” rating on shares of Unity Software in a research report on Monday, February 3rd. Benchmark upgraded Unity Software from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Jefferies Financial Group upped their target price on Unity Software from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $22.81.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in U. CWM LLC raised its stake in shares of Unity Software by 19.6% in the third 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 raised its stake in shares of Unity Software by 13.7% in the third quarter. Creative Planning now owns 153,742 shares of the company’s stock worth $3,478,000 after purchasing an additional 18,547 shares during the last quarter. Vontobel Holding Ltd. raised its stake in shares of Unity Software by 8.9% in the third quarter. Vontobel Holding Ltd. now owns 30,582 shares of the company’s stock worth $692,000 after purchasing an additional 2,487 shares during the last quarter. Stratos Wealth Advisors LLC purchased a new stake in shares of Unity Software in the third quarter worth approximately $418,000. Finally, Blue Trust Inc. raised its stake in shares of Unity Software by 54.0% in the third quarter. Blue Trust Inc. now owns 4,810 shares of the company’s stock worth $109,000 after purchasing an additional 1,687 shares during the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

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.