Anirma Gupta Sells 456 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U) SVP Anirma Gupta sold 456 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $22.96, for a total transaction 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 $13,210,150.80. This trade represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Unity Software Price Performance

NYSE:U opened at $21.76 on Friday. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The company has a fifty day moving average of $23.03 and a 200 day moving average of $19.99. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $35.56.

Hedge Funds Weigh In On Unity Software

Hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC increased its stake in shares of Unity Software by 9.7% during the third quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock valued at $106,008,000 after buying an additional 413,474 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Unity Software by 9.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,324,694 shares of the company’s stock valued at $37,806,000 after acquiring an additional 200,008 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Unity Software by 100.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock valued at $42,662,000 after purchasing an additional 944,709 shares during the period. Primecap Management Co. CA raised its holdings in Unity Software by 7.1% in the 3rd quarter. Primecap Management Co. CA now owns 811,994 shares of the company’s stock worth $18,367,000 after purchasing an additional 53,541 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in Unity Software by 161.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 579,179 shares of the company’s stock worth $9,417,000 after purchasing an additional 357,500 shares in the last quarter. 73.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

U has been the subject of several research analyst reports. Jefferies Financial Group lifted their price target on Unity Software from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Wells Fargo & Company assumed coverage on Unity Software in a research report on Monday, October 28th. They issued an “equal weight” rating and a $20.00 target price for the company. Oppenheimer reiterated a “market perform” rating on shares of Unity Software in a research report on Friday, October 18th. Benchmark lifted their price target on shares of Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a research note on Friday, November 8th. Finally, Morgan Stanley upped their price objective on shares of Unity Software from $24.00 to $26.00 and gave the company an “overweight” rating in a research note on Monday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $22.58.

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.