David Helgason Sells 250,000 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U) Director David Helgason sold 250,000 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $20.59, for a total value of $5,147,500.00. Following the completion of the transaction, the director now directly owns 8,201,851 shares in the company, valued at approximately $168,876,112.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Unity Software Price Performance

U stock traded up $0.99 during trading on Friday, reaching $19.90. 26,560,135 shares of the company were exchanged, compared to its average volume of 10,171,292. The company has a 50-day moving average of $16.44 and a two-hundred day moving average of $20.40. The company has a market capitalization of $7.78 billion, a price-to-earnings ratio of -8.88 and a beta of 2.25. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $43.54. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.36 and a quick ratio of 2.36.

Unity Software (NYSE:U) last announced its earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.12. Unity Software had a negative return on equity of 8.78% and a negative net margin of 38.52%. The business had revenue of $449.30 million for the quarter, compared to analyst estimates of $438.37 million. During the same period in the prior year, the company earned ($0.26) EPS. The company’s quarterly revenue was down 15.8% compared to the same quarter last year. As a group, equities analysts predict that Unity Software Inc. will post -1.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

U has been the subject of several recent research reports. The Goldman Sachs Group lowered their price objective on Unity Software from $26.00 to $22.50 and set a “neutral” rating for the company in a research report on Friday, August 9th. Benchmark dropped their price objective on shares of Unity Software from $16.00 to $10.00 and set a “sell” rating for the company in a report on Friday, August 9th. Macquarie lowered their target price on shares of Unity Software from $14.00 to $12.00 and set an “underperform” rating for the company in a research note on Friday, August 9th. Piper Sandler reaffirmed a “neutral” rating and set a $17.00 target price (down from $25.00) on shares of Unity Software in a research report on Friday, August 9th. Finally, Morgan Stanley raised shares of Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective on the stock in a research note on Tuesday, September 3rd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $26.82.

Institutional Trading of Unity Software

Hedge funds have recently bought and sold shares of the company. Tradewinds Capital Management LLC lifted its holdings in shares of Unity Software by 245.6% in the 1st quarter. Tradewinds Capital Management LLC now owns 985 shares of the company’s stock worth $26,000 after buying an additional 700 shares during the period. 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. Northwestern Mutual Wealth Management Co. lifted its stake in Unity Software by 163.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after buying an additional 1,389 shares in the last quarter. Principal Securities Inc. acquired a new position in Unity Software during the fourth quarter worth $37,000. Finally, Tidemark LLC acquired a new stake in shares of Unity Software during the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

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.