Unity Software Inc. (NYSE:U) SVP Sells $10,011.67 in Stock

Unity Software Inc. (NYSE:U) SVP Anirma Gupta sold 551 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $18.17, for a total transaction of $10,011.67. Following the completion of the sale, the senior vice president now owns 691,909 shares of the company’s stock, valued at approximately $12,571,986.53. This represents a 0.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, March 17th, Anirma Gupta sold 482 shares of Unity Software stock. The shares were sold at an average price of $20.61, for a total value of $9,934.02.
• On Tuesday, February 25th, Anirma Gupta sold 31,948 shares of Unity Software stock. The stock was sold at an average price of $25.23, for a total transaction of $806,048.04.
• On Tuesday, February 18th, Anirma Gupta sold 465 shares of Unity Software stock. The stock was sold at an average price of $21.68, for a total transaction of $10,081.20.

Unity Software Trading Up 0.4 %

Shares of NYSE U traded up $0.08 during mid-day trading on Wednesday, reaching $18.90. The company had a trading volume of 6,025,720 shares, compared to its average volume of 10,858,131. The business’s 50-day moving average is $21.60 and its 200-day moving average is $22.07. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88. The stock has a market cap of $7.74 billion, a price-to-earnings ratio of -11.25 and a beta of 2.31.

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

Hedge Funds Weigh In On Unity Software

A number of institutional investors have recently modified their holdings of U. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Unity Software in the first quarter valued at about $2,215,000. GAMMA Investing LLC lifted its stake in Unity Software by 72.5% during the first quarter. GAMMA Investing LLC now owns 2,822 shares of the company’s stock worth $55,000 after purchasing an additional 1,186 shares in the last quarter. Pallas Capital Advisors LLC purchased a new stake in Unity Software during the first quarter worth about $319,000. RFG Advisory LLC acquired a new stake in shares of Unity Software in the first quarter valued at $305,000. Finally, Merit Financial Group LLC purchased a new position in shares of Unity Software in the 1st quarter valued at about $225,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Wall Street Analysts Forecast Growth

U has been the subject of several recent research reports. Morgan Stanley increased their price target on Unity Software from $26.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Citizens Jmp raised shares of Unity Software from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. Citigroup raised Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Tuesday, March 11th. Macquarie assumed coverage on Unity Software in a research report on Monday, March 10th. They issued a “neutral” rating and a $24.00 price objective on the stock. Finally, Hsbc Global Res raised Unity Software to a “strong-buy” rating in a report on Friday, February 21st. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Unity Software has an average rating of “Moderate Buy” and a consensus price target of $24.46.

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.