Unity Software Target of Unusually Large Options Trading (NYSE:U)

Unity Software Inc. (NYSE:U) saw some unusual options trading on Thursday. Investors acquired 97,389 call options on the company. This is an increase of approximately 43% compared to the typical daily volume of 67,962 call options.

Insider Buying and Selling at Unity Software

In other Unity Software news, SVP Felix The sold 11,719 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $24.39, for a total value of $285,826.41. Following the sale, the senior vice president now owns 411,960 shares of the company’s stock, valued at approximately $10,047,704.40. This represents a 2.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark Barrysmith sold 1,228 shares of Unity Software stock in a transaction on Monday, December 16th. The stock was sold at an average price of $24.44, for a total value of $30,012.32. Following the transaction, the chief financial officer now directly owns 453,638 shares of the company’s stock, valued at $11,086,912.72. This trade represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 512,669 shares of company stock valued at $11,225,869. 6.30% of the stock is owned by corporate insiders.

Institutional Trading of Unity Software

Several hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its holdings in Unity Software by 40.6% during the second quarter. Bank of New York Mellon Corp now owns 1,471,671 shares of the company’s stock worth $23,929,000 after acquiring an additional 424,806 shares during the period. CIBC Asset Management Inc lifted its stake in Unity Software by 60.2% during the second quarter. CIBC Asset Management Inc now owns 12,384 shares of the company’s stock valued at $201,000 after purchasing an additional 4,656 shares during the last quarter. Foundations Investment Advisors LLC boosted its holdings in Unity Software by 287.5% during the second quarter. Foundations Investment Advisors LLC now owns 63,692 shares of the company’s stock worth $1,036,000 after buying an additional 47,255 shares in the last quarter. Arizona State Retirement System boosted its holdings in Unity Software by 9.2% during the second quarter. Arizona State Retirement System now owns 74,212 shares of the company’s stock worth $1,207,000 after buying an additional 6,272 shares in the last quarter. Finally, Flynn Zito Capital Management LLC grew its position in Unity Software by 84.7% in the second quarter. Flynn Zito Capital Management LLC now owns 14,692 shares of the company’s stock worth $239,000 after buying an additional 6,738 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Barclays boosted their price objective 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. Wells Fargo & Company assumed coverage on shares of Unity Software in a report on Monday, October 28th. They set an “equal weight” rating and a $20.00 price objective on the stock. Stifel Nicolaus boosted their target price on shares of Unity Software from $20.00 to $25.00 and gave the company a “buy” rating in a report on Friday, September 13th. Needham & Company LLC increased their price target on shares of Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, UBS Group boosted their price objective on shares of Unity Software from $15.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $22.21.

Unity Software Stock Performance

U stock traded up $1.50 during mid-day trading on Thursday, reaching $23.97. The company had a trading volume of 22,818,349 shares, compared to its average volume of 10,570,207. Unity Software has a one year low of $13.90 and a one year high of $39.29. The stock has a market capitalization of $9.66 billion, a P/E ratio of -11.75 and a beta of 2.33. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock’s 50-day simple moving average is $22.57 and its two-hundred day simple moving average is $19.52.

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.