David Helgason Sells 38,924 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U) Director David Helgason sold 38,924 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $26.92, for a total value of $1,047,834.08. Following the completion of the sale, the director now directly owns 7,828,494 shares of the company’s stock, valued at approximately $210,743,058.48. This represents a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

David Helgason also recently made the following trade(s):

• On Friday, February 28th, David Helgason sold 38,924 shares of Unity Software stock. The shares were sold at an average price of $25.84, for a total value of $1,005,796.16.
• On Tuesday, December 10th, David Helgason sold 7,860 shares of Unity Software stock. The shares were sold at an average price of $26.45, for a total value of $207,897.00.

Unity Software Price Performance

NYSE U opened at $25.58 on Friday. The stock has a market capitalization of $10.48 billion, a P/E ratio of -15.22 and a beta of 2.32. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $30.88. The business’s fifty day moving average is $22.82 and its two-hundred day moving average is $21.52. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41.

Unity Software (NYSE:U) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.05. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The company had revenue of $457.10 million for the quarter, compared to analysts’ expectations of $433.47 million. On average, research analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Institutional Trading of Unity Software

Several large investors have recently added to or reduced their stakes in U. GAMMA Investing LLC grew its holdings in shares of Unity Software by 33.6% during the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock valued at $37,000 after acquiring an additional 411 shares in the last quarter. Principal Securities Inc. grew its holdings in shares of Unity Software by 50.5% during the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after acquiring an additional 477 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Unity Software by 3.5% during the 4th quarter. Farther Finance Advisors LLC now owns 14,435 shares of the company’s stock valued at $324,000 after acquiring an additional 488 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Unity Software by 4.9% during the 3rd quarter. Tidal Investments LLC now owns 15,410 shares of the company’s stock valued at $349,000 after acquiring an additional 723 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of Unity Software by 28.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company’s stock valued at $89,000 after acquiring an additional 876 shares in the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on U. UBS Group lifted their target price on Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Wells Fargo & Company boosted their price objective on Unity Software from $20.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. Needham & Company LLC boosted their price objective on Unity Software from $26.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. HSBC upgraded 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. Finally, Barclays boosted their price objective on Unity Software from $18.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Unity Software presently has an average rating of “Hold” and an average target price of $25.04.

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.