Unity Software Inc. (NYSE:U) SVP Anirma Gupta Sells 551 Shares

Unity Software Inc. (NYSE:U) SVP Anirma Gupta sold 551 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $18.17, for a total value of $10,011.67. Following the completion of the sale, the senior vice president now owns 691,909 shares of the company’s stock, valued at approximately $12,571,986.53. This trade represents a 0.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Monday, March 17th, Anirma Gupta sold 482 shares of Unity Software stock. The stock was sold at an average price of $20.61, for a total value of $9,934.02.
• On Tuesday, February 25th, Anirma Gupta sold 31,948 shares of Unity Software stock. The stock was sold at an average price of $25.23, for a total transaction of $806,048.04.
• 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.

Unity Software Price Performance

Shares of NYSE:U opened at $19.20 on Friday. The business has a 50-day simple moving average of $21.53 and a two-hundred day simple moving average of $22.01. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The firm has a market cap of $7.86 billion, a price-to-earnings ratio of -11.43 and a beta of 2.31. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $30.88.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on U. Macquarie started coverage on Unity Software in a report on Monday, March 10th. They set a “neutral” rating and a $24.00 target price on the stock. Citigroup raised Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, March 11th. Jefferies Financial Group lowered their price target on shares of Unity Software from $24.00 to $16.00 and set a “hold” rating for the company in a research report on Monday, April 7th. Hsbc Global Res raised shares of Unity Software to a “strong-buy” rating in a research note on Friday, February 21st. Finally, HSBC upgraded Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Unity Software has an average rating of “Moderate Buy” and an average target price of $23.96.

Institutional Trading of Unity Software

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

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.