Felix The Sells 20,000 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U) SVP Felix The sold 20,000 shares of Unity Software stock in a transaction on Friday, December 6th. The shares were sold at an average price of $27.43, for a total value of $548,600.00. Following the completion of the transaction, the senior vice president now owns 391,960 shares in the company, valued at $10,751,462.80. The trade was a 4.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Felix The also recently made the following trade(s):

• On Monday, November 25th, Felix The sold 11,719 shares of Unity Software stock. The shares were sold at an average price of $24.39, for a total value of $285,826.41.
• On Thursday, September 12th, Felix The sold 30,000 shares of Unity Software stock. The shares were sold at an average price of $17.89, for a total value of $536,700.00.

Unity Software Stock Down 3.6 %

NYSE:U opened at $26.39 on Wednesday. The company has a market capitalization of $10.63 billion, a price-to-earnings ratio of -13.43 and a beta of 2.33. Unity Software Inc. has a one year low of $13.90 and a one year high of $43.54. The stock has a 50-day simple moving average of $21.78 and a 200 day simple moving average of $18.85. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41.

Hedge Funds Weigh In On Unity Software

A number of hedge funds have recently bought and sold shares of U. Charles Schwab Investment Management Inc. grew its stake in Unity Software by 100.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock worth $42,662,000 after purchasing an additional 944,709 shares in the last quarter. Erste Asset Management GmbH acquired a new position in Unity Software in the third quarter worth about $12,317,000. Van ECK Associates Corp grew its stake in Unity Software by 35.0% in the second quarter. Van ECK Associates Corp now owns 1,956,029 shares of the company’s stock worth $31,805,000 after purchasing an additional 507,274 shares in the last quarter. Monolith Management Ltd acquired a new position in Unity Software in the third quarter worth about $10,993,000. Finally, Weiss Asset Management LP acquired a new position in Unity Software in the third quarter valued at approximately $10,335,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the company. Needham & Company LLC raised their price objective on Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Wedbush raised their price objective on Unity Software from $21.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Macquarie raised their price objective on Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a research report on Friday, November 8th. JMP Securities reissued a “market perform” rating on shares of Unity Software in a research report on Friday, September 13th. Finally, Oppenheimer reissued a “market perform” rating on shares of Unity Software in a research report on Friday, October 18th. 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 MarketBeat, Unity Software has an average rating of “Hold” and an average price target 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.