Unity Software Inc. (NYSE:U) SVP Sells $25,195.38 in Stock

Unity Software Inc. (NYSE:U) SVP Anirma Gupta sold 1,506 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $16.73, for a total value of $25,195.38. Following the transaction, the senior vice president now owns 409,540 shares of the company’s stock, valued at approximately $6,851,604.20. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Monday, June 24th, Anirma Gupta sold 1,566 shares of Unity Software stock. The stock was sold at an average price of $15.88, for a total value of $24,868.08.

Unity Software Price Performance

Shares of U stock opened at $15.36 on Friday. The firm has a 50 day moving average price of $16.83 and a two-hundred day moving average price of $23.99. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.15 and a current ratio of 2.15. Unity Software Inc. has a 12-month low of $15.15 and a 12-month high of $44.03.

Unity Software (NYSE:U) last announced its earnings results on Thursday, May 9th. The company reported ($0.14) EPS 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 company had revenue of $460.38 million for the quarter, compared to analysts’ expectations of $422.53 million. Research analysts predict that Unity Software Inc. will post -1.81 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on U shares. JMP Securities restated a “market perform” rating on shares of Unity Software in a report on Friday, May 10th. Barclays decreased their price objective on Unity Software from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, May 10th. The Goldman Sachs Group decreased their price objective on Unity Software from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Monday, May 13th. Needham & Company LLC restated a “buy” rating and issued a $31.00 price objective on shares of Unity Software in a report on Friday, May 10th. Finally, Stifel Nicolaus decreased their price objective on Unity Software from $30.00 to $25.00 and set a “buy” rating for the company in a report on Monday, June 10th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $33.47.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in U. Kovack Advisors Inc. increased its stake in Unity Software by 1.5% in the fourth quarter. Kovack Advisors Inc. now owns 26,411 shares of the company’s stock valued at $1,080,000 after acquiring an additional 380 shares during the last quarter. Royal London Asset Management Ltd. increased its stake in Unity Software by 0.4% in the fourth quarter. Royal London Asset Management Ltd. now owns 116,167 shares of the company’s stock valued at $4,750,000 after acquiring an additional 440 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Unity Software by 31.6% in the first quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock valued at $62,000 after acquiring an additional 562 shares during the last quarter. Bouvel Investment Partners LLC increased its stake in Unity Software by 2.7% in the first quarter. Bouvel Investment Partners LLC now owns 22,783 shares of the company’s stock valued at $608,000 after acquiring an additional 597 shares during the last quarter. Finally, Johnson Investment Counsel Inc. increased its stake in Unity Software by 3.4% in the fourth quarter. Johnson Investment Counsel Inc. now owns 20,232 shares of the company’s stock valued at $827,000 after acquiring an additional 663 shares during the last quarter. 73.46% of the stock is owned by institutional investors.

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.