Unity Software Inc. (NYSE:U) Director David Helgason Sells 7,860 Shares of Stock

Unity Software Inc. (NYSE:U) Director David Helgason sold 7,860 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $26.45, for a total value of $207,897.00. Following the transaction, the director now owns 10,493 shares in the company, valued at approximately $277,539.85. This trade represents a 42.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Friday, September 13th, David Helgason sold 250,000 shares of Unity Software stock. The shares were sold at an average price of $20.59, for a total transaction of $5,147,500.00.

Unity Software Stock Down 6.4 %

NYSE U opened at $24.44 on Friday. The firm’s 50 day moving average is $22.15 and its 200-day moving average is $19.04. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $43.54.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Benchmark upped their target price on shares of Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a research note on Friday, November 8th. Wells Fargo & Company assumed coverage on Unity Software in a research note on Monday, October 28th. They set an “equal weight” rating and a $20.00 price objective on the stock. Needham & Company LLC boosted their target price on Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Stifel Nicolaus raised their price target on Unity Software from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Finally, JMP Securities reiterated a “market perform” rating on shares of Unity Software in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $23.35.

Institutional Investors Weigh In On Unity Software

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in shares of Unity Software by 343.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after purchasing an additional 949 shares during the last quarter. Planning Capital Management Corp acquired a new stake in shares of Unity Software in the 3rd quarter valued at approximately $34,000. Brooklyn Investment Group bought a new position in shares of Unity Software in the third quarter valued at $43,000. Northwestern Mutual Wealth Management Co. increased its holdings in Unity Software by 163.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock worth $36,000 after buying an additional 1,389 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Unity Software by 308.8% during the second quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock worth $51,000 after acquiring an additional 2,359 shares in 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.