David Helgason Sells 38,924 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U) Director David Helgason sold 38,924 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $26.92, for a total value of $1,047,834.08. Following the transaction, the director now directly owns 7,828,494 shares of the company’s stock, valued at approximately $210,743,058.48. This trade represents a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, February 28th, David Helgason sold 38,924 shares of Unity Software stock. The stock was sold at an average price of $25.84, for a total value of $1,005,796.16.
• 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 %

NYSE:U opened at $25.58 on Friday. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $30.88. The firm has a market capitalization of $10.48 billion, a PE ratio of -15.22 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. The business’s 50-day moving average is $22.82 and its two-hundred day moving average is $21.52.

Unity Software (NYSE:U) last announced its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $433.47 million. Research analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a research note on Monday, February 3rd. Needham & Company LLC raised their price objective on Unity Software from $26.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Barclays increased their target price on Unity Software from $18.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. UBS Group increased their target price on Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company increased their target price on Unity Software from $20.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $25.04.

Institutional Trading of Unity Software

Hedge funds and other institutional investors have recently modified their holdings of the business. Anderson Financial Strategies LLC purchased a new stake in shares of Unity Software during the fourth quarter worth about $28,000. R Squared Ltd purchased a new stake in shares of Unity Software during the fourth quarter worth about $30,000. Principal Securities Inc. increased its holdings in Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after buying an additional 477 shares during the last quarter. Planning Capital Management Corp bought a new stake in Unity Software in the third quarter valued at about $34,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Unity Software in the fourth quarter valued at about $36,000. 73.46% of the stock is owned by hedge funds and other institutional investors.

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.