Insider Selling: Unity Software Inc. (NYSE:U) CMO Sells 18,775 Shares of Stock

Unity Software Inc. (NYSE:UGet Free Report) CMO Carol W. Carpenter sold 18,775 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $19.10, for a total transaction of $358,602.50. Following the transaction, the chief marketing officer now directly owns 423,842 shares of the company’s stock, valued at approximately $8,095,382.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Unity Software Price Performance

Shares of U traded down $0.33 during trading hours on Wednesday, hitting $18.75. 14,561,468 shares of the company were exchanged, compared to its average volume of 9,799,263. The company has a market cap of $7.33 billion, a price-to-earnings ratio of -8.37 and a beta of 2.40. Unity Software Inc. has a fifty-two week low of $18.33 and a fifty-two week high of $50.08. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.70. The firm’s fifty day moving average is $24.13 and its 200 day moving average is $29.77.

Unity Software (NYSE:UGet Free Report) last issued its earnings results on Monday, February 26th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.89). Unity Software had a negative return on equity of 7.73% and a negative net margin of 40.11%. The business had revenue of $609.27 million during the quarter, compared to the consensus estimate of $551.01 million. During the same quarter in the previous year, the firm posted ($0.50) earnings per share. The company’s revenue for the quarter was up 35.1% compared to the same quarter last year. On average, equities analysts anticipate that Unity Software Inc. will post -1.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of U. Tradewinds Capital Management LLC increased its position in shares of Unity Software by 245.6% during the 1st quarter. Tradewinds Capital Management LLC now owns 985 shares of the company’s stock valued at $26,000 after purchasing an additional 700 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Unity Software in the 4th quarter worth approximately $27,000. Huntington National Bank lifted its holdings in Unity Software by 665.0% in the 3rd quarter. Huntington National Bank now owns 895 shares of the company’s stock worth $28,000 after buying an additional 778 shares during the period. GAMMA Investing LLC purchased a new stake in Unity Software in the 4th quarter worth approximately $28,000. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in shares of Unity Software by 2,429.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company’s stock valued at $28,000 after purchasing an additional 996 shares during the period. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Wall Street Analysts Forecast Growth

U has been the subject of several analyst reports. Stifel Nicolaus boosted their target price on Unity Software from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. JMP Securities restated a “market perform” rating on shares of Unity Software in a report on Friday, May 10th. Macquarie downgraded shares of Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 price objective on the stock. in a research report on Monday, February 12th. Citigroup reduced their price objective on shares of Unity Software from $50.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, February 28th. Finally, Barclays reduced their price objective on shares of Unity Software from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday, May 10th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Unity Software presently has a consensus rating of “Hold” and a consensus price target of $35.38.

Read Our Latest Analysis on U

About Unity Software

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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.

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