Investors Purchase Large Volume of Unity Software Call Options (NYSE:U)

Unity Software Inc. (NYSE:U) was the recipient of unusually large options trading activity on Thursday. Stock traders bought 144,883 call options on the company. This is an increase of 138% compared to the typical volume of 60,973 call options.

Insiders Place Their Bets

In other Unity Software news, SVP Felix The sold 11,719 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $24.39, for a total transaction of $285,826.41. Following the transaction, the senior vice president now owns 411,960 shares in the company, valued at $10,047,704.40. This trade represents a 2.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Helgason sold 7,860 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $26.45, for a total transaction of $207,897.00. Following the completion of the sale, the director now directly owns 10,493 shares of the company’s stock, valued at approximately $277,539.85. The trade was a 42.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 679,264 shares of company stock valued at $16,612,383 over the last ninety days. 6.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Unity Software

Institutional investors have recently made changes to their positions in the stock. Ariose Capital Management Ltd bought a new stake in shares of Unity Software in the 4th quarter valued at $2,299,000. Charles Schwab Investment Management Inc. boosted its position in Unity Software by 100.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock valued at $42,662,000 after acquiring an additional 944,709 shares during the last quarter. CIBC Asset Management Inc grew its holdings in Unity Software by 2,665.4% during the 3rd quarter. CIBC Asset Management Inc now owns 342,472 shares of the company’s stock worth $7,747,000 after acquiring an additional 330,088 shares during the period. LMR Partners LLP bought a new position in shares of Unity Software in the 3rd quarter worth about $611,000. Finally, Edgestream Partners L.P. lifted its stake in shares of Unity Software by 637.9% in the 3rd quarter. Edgestream Partners L.P. now owns 102,899 shares of the company’s stock valued at $2,328,000 after purchasing an additional 88,955 shares during the period. Institutional investors own 73.46% of the company’s stock.

Unity Software Price Performance

Shares of NYSE U traded up $4.60 during mid-day trading on Thursday, hitting $26.07. 36,790,048 shares of the stock traded hands, compared to its average volume of 9,976,877. The company has a market cap of $10.50 billion, a PE ratio of -12.80 and a beta of 2.32. Unity Software has a twelve month low of $13.90 and a twelve month high of $33.43. 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 firm has a 50 day simple moving average of $22.42 and a two-hundred day simple moving average of $20.94.

Unity Software (NYSE:U) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.05. Unity Software had a negative return on equity of 11.30% and a negative net margin of 40.47%. As a group, equities research analysts forecast that Unity Software will post -1.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Jefferies Financial Group boosted their price target on Unity Software from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Barclays increased their target price on Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a research note on Monday, February 3rd. Benchmark increased their price objective 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, Wedbush reaffirmed an “outperform” rating and set a $27.00 price target on shares of Unity Software in a report on Thursday, February 13th. Two equities research 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. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $22.81.

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.