Unity Software Inc. (NYSE:U) Director Sells $1,005,796.16 in Stock

Unity Software Inc. (NYSE:U) Director David Helgason sold 38,924 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $25.84, for a total value of $1,005,796.16. Following the sale, the director now owns 7,750,646 shares in the company, valued at approximately $200,276,692.64. This represents a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, February 26th, David Helgason sold 38,924 shares of Unity Software stock. The shares were sold at an average price of $26.92, for a total value of $1,047,834.08.
• On Tuesday, December 10th, David Helgason sold 7,860 shares of Unity Software stock. The stock was sold at an average price of $26.45, for a total value of $207,897.00.

Unity Software Trading Down 2.3 %

U opened at $25.58 on Friday. The firm has a market cap of $10.48 billion, a P/E ratio of -15.22 and a beta of 2.32. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $30.88. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock has a 50-day moving average of $22.82 and a 200 day moving average of $21.52.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in U. Soviero Asset Management LP bought a new stake in Unity Software in the fourth quarter worth about $2,247,000. Sphera Management Technology Funds Ltd bought a new stake in Unity Software in the fourth quarter worth about $1,128,000. Two Sigma Advisers LP bought a new stake in Unity Software in the fourth quarter worth about $494,000. Two Sigma Investments LP bought a new stake in shares of Unity Software during the fourth quarter valued at approximately $22,999,000. Finally, Tidal Investments LLC raised its stake in shares of Unity Software by 32.6% during the fourth quarter. Tidal Investments LLC now owns 20,428 shares of the company’s stock valued at $459,000 after acquiring an additional 5,018 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on U. Wedbush reaffirmed an “outperform” rating and issued a $27.00 target price on shares of Unity Software in a report on Thursday, February 13th. Morgan Stanley raised their price target on Unity Software from $26.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Barclays raised their price target on Unity Software from $18.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. Hsbc Global Res raised Unity Software to a “strong-buy” rating in a report on Friday, February 21st. Finally, Needham & Company LLC raised their price target on Unity Software from $26.00 to $33.00 and gave the company a “buy” rating in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Unity Software currently has an average rating of “Hold” and an average price target of $25.04.

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.