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

Unity Software Inc. (NYSE:U) SVP Anirma Gupta sold 31,948 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $25.23, for a total value of $806,048.04. Following the transaction, the senior vice president now directly owns 542,942 shares in the company, valued at approximately $13,698,426.66. This represents a 5.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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 value 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 value of $10,469.76.

Unity Software Trading Down 1.1 %

Shares of U stock opened at $26.21 on Friday. The firm has a 50 day moving average price of $22.76 and a two-hundred day moving average price of $21.41. 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 company has a market capitalization of $10.56 billion, a PE ratio of -15.60 and a beta of 2.32. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $30.88.

Unity Software (NYSE:U) last released its quarterly earnings results 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. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The company had revenue of $457.10 million during the quarter, compared to the consensus estimate of $433.47 million. As a group, analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on U shares. Wedbush reaffirmed an “outperform” rating and set a $27.00 price objective on shares of Unity Software in a report on Thursday, February 13th. JMP Securities reissued a “market perform” rating on shares of Unity Software in a research note on Monday, February 3rd. HSBC raised Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Friday, February 21st. Needham & Company LLC increased their price target on Unity Software from $26.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Benchmark raised Unity Software from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $25.96.

Institutional Investors Weigh In On Unity Software

A number of hedge funds and other institutional investors have recently made changes to their positions in U. Norges Bank acquired a new stake in shares of Unity Software in the fourth quarter valued at approximately $269,320,000. Slate Path Capital LP bought a new position in Unity Software in the fourth quarter valued at approximately $62,387,000. Capital International Investors increased its stake in Unity Software by 10.4% in the fourth quarter. Capital International Investors now owns 18,886,853 shares of the company’s stock valued at $424,388,000 after acquiring an additional 1,786,032 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Unity Software by 3,843.9% in the fourth quarter. Ameriprise Financial Inc. now owns 1,769,948 shares of the company’s stock valued at $39,771,000 after acquiring an additional 1,725,070 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Unity Software by 366.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,936,131 shares of the company’s stock valued at $43,505,000 after acquiring an additional 1,521,165 shares during the last quarter. 73.46% of the stock is currently 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.