Anirma Gupta Sells 31,948 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U) SVP Anirma Gupta sold 31,948 shares of Unity Software stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $25.23, for a total value of $806,048.04. Following the transaction, the senior vice president now owns 542,942 shares in the company, valued at $13,698,426.66. This represents a 5.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Anirma Gupta also recently made the following trade(s):

• On Tuesday, February 18th, Anirma Gupta sold 465 shares of Unity Software stock. The shares were sold at an average price of $21.68, for a total value of $10,081.20.
• On Wednesday, January 15th, Anirma Gupta sold 456 shares of Unity Software stock. The shares were sold at an average price of $22.96, for a total value of $10,469.76.

Unity Software Price Performance

Shares of NYSE:U opened at $26.21 on Friday. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $30.88. The business has a 50-day moving average of $22.76 and a two-hundred day moving average of $21.41. The stock has a market capitalization of $10.56 billion, a P/E ratio of -15.60 and a beta of 2.32. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41.

Unity Software (NYSE:U) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.05. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The business had revenue of $457.10 million during the quarter, compared to analysts’ expectations of $433.47 million. On average, equities research analysts predict that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Hedge Funds Weigh In On Unity Software

Several large investors have recently made changes to their positions in the business. Anderson Financial Strategies LLC bought a new position in Unity Software during the fourth quarter valued at about $28,000. R Squared Ltd bought a new stake in shares of Unity Software in the 4th quarter valued at approximately $30,000. Principal Securities Inc. grew its stake in shares of Unity Software by 50.5% in the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after purchasing an additional 477 shares during the period. Planning Capital Management Corp bought a new stake in shares of Unity Software in the 3rd quarter valued at approximately $34,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Unity Software in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on U shares. Jefferies Financial Group lifted their price target on Unity Software from $23.00 to $28.00 and gave the company a “hold” rating in a report on Friday, February 21st. Wedbush reissued an “outperform” rating and set a $27.00 price objective on shares of Unity Software in a research report on Thursday, February 13th. Benchmark raised Unity Software from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Needham & Company LLC lifted their price objective on Unity Software from $26.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Barclays lifted their price objective on Unity Software from $18.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $25.96.

Unity Software Company Profile

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.