Unity Software Inc. (NYSE:U – Get Free Report) 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 – Get Free Report) 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
Check Out Our Latest Stock Report on Unity Software
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.
Featured Articles
- Five stocks we like better than Unity Software
- 3 Monster Growth Stocks to Buy Now
- Powering Your Portfolio: The Utility Sector’s Electrifying Surge
- Roth IRA Calculator: Calculate Your Potential Returns
- Adobe Stock Builds Long-Term Value: Consider Buying on the Dip
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- Albemarle Jumps as Lithium Stock Buying Frenzy Takes Off
Receive News & Ratings for Unity Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unity Software and related companies with MarketBeat.com's FREE daily email newsletter.