Unity Software Inc. (NYSE:U) SVP Sells $24,868.08 in Stock

Unity Software Inc. (NYSE:U) SVP Anirma Gupta sold 1,566 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $15.88, for a total transaction of $24,868.08. Following the completion of the transaction, the senior vice president now directly owns 362,644 shares in the company, valued at $5,758,786.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, April 29th, Anirma Gupta sold 1,037 shares of Unity Software stock. The stock was sold at an average price of $24.42, for a total transaction of $25,323.54.

Unity Software Stock Performance

NYSE:U traded up $0.73 on Monday, reaching $16.70. 8,810,063 shares of the company’s stock were exchanged, compared to its average volume of 9,699,338. The stock has a fifty day simple moving average of $20.83 and a 200-day simple moving average of $28.19. The firm has a market cap of $6.53 billion, a price-to-earnings ratio of -7.21 and a beta of 2.28. Unity Software Inc. has a 52 week low of $15.23 and a 52 week high of $50.08. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.15 and a quick ratio of 2.15.

Unity Software (NYSE:U) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.13. Unity Software had a negative net margin of 40.11% and a negative return on equity of 7.73%. The firm had revenue of $460.38 million for the quarter, compared to analysts’ expectations of $422.53 million. As a group, sell-side analysts predict that Unity Software Inc. will post -1.81 earnings per share for the current year.

Hedge Funds Weigh In On Unity Software

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Tradewinds Capital Management LLC boosted its position in shares of Unity Software by 245.6% during the first quarter. Tradewinds Capital Management LLC now owns 985 shares of the company’s stock valued at $26,000 after purchasing an additional 700 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Unity Software in the 4th quarter worth approximately $27,000. GAMMA Investing LLC purchased a new stake in Unity Software during the fourth quarter valued at $28,000. Benjamin F. Edwards & Company Inc. grew its position in Unity Software by 2,429.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company’s stock valued at $28,000 after buying an additional 996 shares during the period. Finally, Pacifica Partners Inc. bought a new stake in shares of Unity Software during the 4th quarter valued at $33,000. 73.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on U shares. Citigroup decreased their price objective on Unity Software from $50.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, February 28th. Barclays lowered their price target on Unity Software from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, May 10th. Wedbush reaffirmed an “outperform” rating and set a $33.50 price objective on shares of Unity Software in a report on Friday, May 10th. The Goldman Sachs Group lowered their target price on shares of Unity Software from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Monday, May 13th. Finally, Benchmark restated a “sell” rating and set a $16.00 price target on shares of Unity Software in a report on Friday, May 10th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Unity Software has a consensus rating of “Hold” and an average price target of $34.79.

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.