Insider Selling: Unity Software (NYSE:U) CFO Sells 6,205 Shares of Stock

Unity Software Inc. (NYSE:U) CFO Jarrod Yahes sold 6,205 shares of Unity Software stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $21.03, for a total value of $130,491.15. Following the sale, the chief financial officer directly owned 728,381 shares in the company, valued at $15,317,852.43. This trade represents a 0.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Jarrod Yahes also recently made the following trade(s):

• On Wednesday, February 25th, Jarrod Yahes sold 12,196 shares of Unity Software stock. The shares were sold at an average price of $18.07, for a total transaction of $220,381.72.

Unity Software Price Performance

Shares of NYSE:U traded down $0.90 on Friday, reaching $19.83. The company’s stock had a trading volume of 12,117,004 shares, compared to its average volume of 23,273,164. The company has a 50-day simple moving average of $31.94 and a 200 day simple moving average of $37.94. Unity Software Inc. has a 52-week low of $15.33 and a 52-week high of $52.15. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market cap of $8.59 billion, a P/E ratio of -20.66, a PEG ratio of 11.12 and a beta of 2.14.

Unity Software (NYSE:U) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.04. Unity Software had a negative return on equity of 4.76% and a negative net margin of 21.77%.The company had revenue of $503.09 million for the quarter, compared to analyst estimates of $490.64 million. During the same quarter in the prior year, the firm posted ($0.30) EPS. Unity Software’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

U has been the subject of a number of research reports. Jefferies Financial Group upped their price objective on shares of Unity Software from $49.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, January 5th. Bank of America raised Unity Software from an “underperform” rating to a “neutral” rating and increased their target price for the company from $18.00 to $19.00 in a research report on Tuesday. Benchmark reissued a “hold” rating on shares of Unity Software in a research report on Monday, February 2nd. Macquarie Infrastructure upgraded Unity Software from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $33.00 to $50.00 in a research note on Friday, November 7th. Finally, Wells Fargo & Company cut their target price on Unity Software from $54.00 to $38.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $39.73.

Institutional Investors Weigh In On Unity Software

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Unity Software by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 35,553,296 shares of the company’s stock valued at $1,570,389,000 after purchasing an additional 996,685 shares during the last quarter. Slate Path Capital LP raised its holdings in shares of Unity Software by 25.4% in the second quarter. Slate Path Capital LP now owns 20,016,952 shares of the company’s stock worth $484,410,000 after buying an additional 4,048,484 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Unity Software by 58.7% during the third quarter. Wellington Management Group LLP now owns 18,213,875 shares of the company’s stock worth $729,284,000 after buying an additional 6,734,285 shares during the period. Norges Bank purchased a new stake in shares of Unity Software during the second quarter valued at $151,221,000. Finally, Geode Capital Management LLC increased its position in shares of Unity Software by 5.9% in the 4th quarter. Geode Capital Management LLC now owns 5,852,047 shares of the company’s stock valued at $258,547,000 after acquiring an additional 328,595 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

About Unity Software

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.