Unity Software Inc. (NYSE:U) SVP Anirma Gupta Sells 31,948 Shares of Stock

Unity Software Inc. (NYSE:U) SVP Anirma Gupta sold 31,948 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $25.23, for a total value of $806,048.04. Following the completion of the transaction, the senior vice president now directly owns 542,942 shares of the company’s stock, valued at $13,698,426.66. The trade was a 5.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, February 18th, Anirma Gupta sold 465 shares of Unity Software stock. The shares were sold at an average price of $21.68, for a total transaction of $10,081.20.
• On Wednesday, January 15th, Anirma Gupta sold 456 shares of Unity Software stock. The stock was sold at an average price of $22.96, for a total transaction of $10,469.76.

Unity Software Stock Up 3.5 %

Shares of Unity Software stock opened at $26.56 on Thursday. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $31.68. The firm has a market capitalization of $10.70 billion, a PE ratio of -15.81 and a beta of 2.32. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock’s fifty day moving average is $22.68 and its 200-day moving average is $21.38.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Macquarie boosted their target price on shares of Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a research note on Friday, November 8th. JMP Securities reissued a “market perform” rating on shares of Unity Software in a research report on Monday, February 3rd. HSBC raised shares of Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Friday, February 21st. UBS Group lifted their target price on shares of Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Hsbc Global Res raised Unity Software to a “strong-buy” rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.96.

Institutional Trading of Unity Software

Institutional investors have recently bought and sold shares of the company. Soviero Asset Management LP acquired a new stake in Unity Software in the fourth quarter valued at approximately $2,247,000. Sphera Management Technology Funds Ltd acquired a new position in shares of Unity Software during the 4th quarter worth $1,128,000. Two Sigma Advisers LP bought a new position in shares of Unity Software during the 4th quarter valued at $494,000. Two Sigma Investments LP acquired a new stake in shares of Unity Software in the 4th quarter valued at $22,999,000. Finally, Tidal Investments LLC boosted its holdings in Unity Software by 32.6% in the fourth quarter. Tidal Investments LLC now owns 20,428 shares of the company’s stock worth $459,000 after purchasing an additional 5,018 shares in the last quarter. Institutional investors and hedge funds 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.