Insider Selling: Unity Software Inc. (NYSE:U) SVP Sells 456 Shares of Stock

Unity Software Inc. (NYSE:U) SVP Anirma Gupta sold 456 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $22.96, for a total value of $10,469.76. Following the completion of the transaction, the senior vice president now owns 575,355 shares of the company’s stock, valued at approximately $13,210,150.80. The trade was a 0.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Unity Software Stock Performance

Shares of U opened at $21.76 on Friday. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $35.56. The firm has a 50 day moving average of $23.03 and a 200 day moving average of $19.99. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41.

Analysts Set New Price Targets

U has been the subject of a number of research reports. Oppenheimer reiterated a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. Benchmark upped their target price on shares of Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a research report on Friday, November 8th. Barclays lifted their price target on shares of Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Needham & Company LLC upped 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. Finally, Jefferies Financial Group raised their target price on shares of Unity Software from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Unity Software has a consensus rating of “Hold” and an average price target of $22.58.

Institutional Trading of Unity Software

A number of institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in shares of Unity Software by 343.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock valued at $28,000 after acquiring an additional 949 shares during the last quarter. Planning Capital Management Corp bought a new position in Unity Software during the third quarter valued at approximately $34,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Unity Software by 163.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock worth $36,000 after purchasing an additional 1,389 shares during the last quarter. Brooklyn Investment Group bought a new stake in Unity Software in the 3rd quarter worth approximately $43,000. Finally, Versant Capital Management Inc raised its stake in Unity Software by 186.9% during the 4th quarter. Versant Capital Management Inc now owns 2,812 shares of the company’s stock valued at $63,000 after buying an additional 1,832 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.

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.