Unity Software Inc. (NYSE:U) COO Sells $37,359.54 in 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 sale, the chief operating officer now directly owns 495,648 shares of the company’s stock, valued at approximately $12,520,068.48. This represents a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Unity Software Stock Performance

U stock traded up $0.99 during mid-day trading on Wednesday, reaching $26.64. 10,989,243 shares of the stock traded hands, compared to its average volume of 12,620,718. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $31.68. 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 firm has a market capitalization of $10.73 billion, a PE ratio of -15.92 and a beta of 2.32. The business has a 50-day moving average of $22.60 and a two-hundred day moving average of $21.34.

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. The firm had revenue of $457.10 million for 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%. As a group, equities analysts predict that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Institutional Trading of Unity Software

Several hedge funds and other institutional investors have recently bought and sold shares of U. Anderson Financial Strategies LLC acquired a new position in Unity Software during the 4th quarter worth about $28,000. R Squared Ltd acquired a new position in Unity Software in the fourth quarter valued at $30,000. Principal Securities Inc. grew its holdings in Unity Software by 50.5% during the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after acquiring an additional 477 shares during the period. Planning Capital Management Corp bought a new stake in shares of Unity Software during the 3rd quarter valued at about $34,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Unity Software during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of Unity Software from $26.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. JMP Securities reissued a “market perform” rating on shares of Unity Software in a report on Monday, February 3rd. Hsbc Global Res raised shares of Unity Software to a “strong-buy” rating in a research note on Friday, February 21st. Barclays raised their price target on shares of Unity Software from $18.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, February 21st. Finally, HSBC raised shares of Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $25.96.

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.