Insider Selling: Unity Software Inc. (NYSE:U) Director Sells $207,897.00 in Stock

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

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

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

Unity Software Stock Down 6.4 %

Shares of U opened at $24.44 on Friday. The business’s fifty day moving average price is $22.15 and its two-hundred day moving average price is $19.04. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $43.54. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70.

Hedge Funds Weigh In On Unity Software

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its position in Unity Software by 343.8% in the third 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 period. Planning Capital Management Corp bought a new position in shares of Unity Software in the 3rd quarter valued at about $34,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 purchasing an additional 1,389 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Unity Software during the 3rd quarter worth approximately $43,000. Finally, Blue Trust Inc. raised its stake in shares of 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 buying an additional 2,359 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Analyst Upgrades and Downgrades

U has been the topic of several recent analyst reports. Wells Fargo & Company started coverage on Unity Software in a research note on Monday, October 28th. They issued an “equal weight” rating and a $20.00 price target on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a report on Friday, September 13th. Oppenheimer reissued a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. Macquarie upped their price objective 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, Needham & Company LLC raised their price objective on shares of Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Unity Software presently has an average rating of “Hold” and a consensus target price of $23.35.

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.