Alexander Blum Sells 1,479 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U) COO Alexander Blum sold 1,479 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $25.26, for a total value of $37,359.54. Following the completion of the transaction, the chief operating officer now owns 495,648 shares of the company’s stock, valued at approximately $12,520,068.48. The trade was a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Unity Software Stock Down 1.1 %

Shares of U opened at $26.21 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. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $30.88. The stock’s 50 day moving average is $22.76 and its two-hundred day moving average is $21.41. The firm has a market cap of $10.56 billion, a P/E ratio of -15.60 and a beta of 2.32.

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

Analyst Ratings Changes

U has been the subject of several research analyst reports. Wells Fargo & Company raised their price objective on Unity Software from $20.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, February 21st. Needham & Company LLC raised their price objective on Unity Software from $26.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Hsbc Global Res upgraded Unity Software to a “strong-buy” rating in a research note on Friday, February 21st. Morgan Stanley lifted their price target on Unity Software from $26.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Finally, Macquarie lifted their price target on Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $25.96.

Institutional Trading of Unity Software

A number of institutional investors have recently made changes to their positions in the company. Soviero Asset Management LP acquired a new stake in shares of Unity Software in the fourth quarter worth approximately $2,247,000. Sphera Management Technology Funds Ltd acquired a new stake in shares of Unity Software in the fourth quarter worth approximately $1,128,000. Two Sigma Advisers LP acquired a new position in Unity Software during the fourth quarter worth $494,000. Two Sigma Investments LP acquired a new position in Unity Software during the fourth quarter worth $22,999,000. Finally, Tidal Investments LLC boosted its stake in Unity Software by 32.6% during the fourth quarter. Tidal Investments LLC now owns 20,428 shares of the company’s stock worth $459,000 after buying an additional 5,018 shares during the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

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.