Anirma Gupta Sells 31,948 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U) SVP Anirma Gupta sold 31,948 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $25.23, for a total value of $806,048.04. Following the transaction, the senior vice president now directly owns 542,942 shares of the company’s stock, valued at $13,698,426.66. This represents a 5.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Anirma Gupta also recently made the following trade(s):

• On Tuesday, February 18th, Anirma Gupta sold 465 shares of Unity Software stock. The stock was sold at an average price of $21.68, for a total transaction of $10,081.20.
• On Wednesday, January 15th, Anirma Gupta sold 456 shares of Unity Software stock. The shares were sold at an average price of $22.96, for a total transaction of $10,469.76.

Unity Software Stock Performance

Shares of NYSE:U opened at $26.56 on Thursday. The business has a fifty day moving average of $22.68 and a 200-day moving average of $21.38. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $31.68. The firm has a market cap of $10.70 billion, a PE ratio of -15.81 and a beta of 2.32.

Unity Software (NYSE:U) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.05. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The firm had revenue of $457.10 million during the quarter, compared to analysts’ expectations of $433.47 million. On average, equities research analysts predict that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Unity Software by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 31,123,035 shares of the company’s stock worth $699,335,000 after purchasing an additional 625,872 shares during the last quarter. Capital International Investors grew its position in shares of Unity Software by 10.4% during the 4th quarter. Capital International Investors now owns 18,886,853 shares of the company’s stock worth $424,388,000 after buying an additional 1,786,032 shares during the period. Norges Bank bought a new stake in shares of Unity Software during the fourth quarter worth approximately $269,320,000. Geode Capital Management LLC lifted its holdings in Unity Software by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 4,769,609 shares of the company’s stock valued at $107,208,000 after buying an additional 84,480 shares during the period. Finally, Slate Path Capital LP bought a new position in Unity Software in the fourth quarter valued at approximately $62,387,000. Institutional investors own 73.46% of the company’s stock.

Wall Street Analyst Weigh In

U has been the topic of a number of recent research reports. Wedbush reissued an “outperform” rating and set a $27.00 target price on shares of Unity Software in a research report on Thursday, February 13th. Jefferies Financial Group lifted their price objective on Unity Software from $23.00 to $28.00 and gave the stock a “hold” rating in a report on Friday, February 21st. Morgan Stanley upped their target price on Unity Software from $26.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Needham & Company LLC lifted their price target on shares of Unity Software from $26.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Hsbc Global Res raised shares of Unity Software to a “strong-buy” rating in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $25.96.

Unity Software Company Profile

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.