Alexander Blum Sells 1,479 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U) COO Alexander Blum sold 1,479 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $25.26, for a total value of $37,359.54. Following the completion of the sale, the chief operating officer now owns 495,648 shares in the company, valued at approximately $12,520,068.48. The trade was a 0.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Unity Software Price Performance

Shares of U stock opened at $26.21 on Friday. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $30.88. The stock’s 50-day moving average is $22.76 and its 200 day moving average is $21.41. The company has a market cap of $10.56 billion, a P/E ratio of -15.60 and a beta of 2.32. 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 issued its quarterly earnings data 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. The company had revenue of $457.10 million for the quarter, compared to the consensus estimate of $433.47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. Research analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. 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. Wells Fargo & Company increased their target price on Unity Software from $20.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, February 21st. Benchmark raised Unity Software from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Macquarie increased their price target on Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a research report on Friday, November 8th. Finally, Morgan Stanley increased their price target on Unity Software from $26.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Unity Software currently has an average rating of “Hold” and an average target price of $25.96.

Institutional Investors Weigh In On Unity Software

Institutional investors have recently added to or reduced their stakes in the business. Anderson Financial Strategies LLC acquired a new stake in Unity Software in the fourth quarter worth about $28,000. R Squared Ltd acquired a new stake in Unity Software in the fourth quarter worth about $30,000. Principal Securities Inc. boosted its holdings in Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after acquiring an additional 477 shares in the last quarter. Planning Capital Management Corp acquired a new stake in Unity Software in the third quarter worth about $34,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Unity Software in the fourth quarter worth about $36,000. Institutional investors and hedge funds 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.