Unity Software Inc. (NYSE:U) COO Sells $37,359.54 in Stock

Unity Software Inc. (NYSE:U) COO Alexander Blum sold 1,479 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $25.26, for a total value of $37,359.54. Following the completion of the sale, the chief operating officer now directly owns 495,648 shares of the company’s stock, valued at approximately $12,520,068.48. This represents a 0.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Unity Software Price Performance

NYSE U traded up $0.99 on Wednesday, reaching $26.64. 10,989,243 shares of the stock traded hands, compared to its average volume of 12,620,718. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $31.68. The company has a market cap of $10.73 billion, a price-to-earnings ratio of -15.92 and a beta of 2.32. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The firm’s fifty day simple moving average is $22.60 and its 200 day simple moving average is $21.34.

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

Hedge Funds Weigh In On Unity Software

A number of large investors have recently added to or reduced their stakes in the business. Anderson Financial Strategies LLC purchased a new stake in Unity Software in the fourth quarter worth approximately $28,000. R Squared Ltd purchased a new position in shares of Unity Software in the 4th quarter valued at about $30,000. Principal Securities Inc. increased its stake in Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after purchasing an additional 477 shares during the last quarter. Planning Capital Management Corp acquired a new position in shares of Unity Software in the 3rd quarter valued at $34,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Unity Software in the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on U. Wells Fargo & Company boosted their price objective on shares of Unity Software from $20.00 to $27.00 and gave the stock an “equal weight” rating in a 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. Jefferies Financial Group upped their price target on shares of Unity Software from $23.00 to $28.00 and gave the company a “hold” rating in a research report on Friday, February 21st. Macquarie lifted their price target on shares of Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a research note on Friday, November 8th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Unity Software presently has a consensus rating of “Hold” and a consensus target price of $25.96.

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.