Unity Software Inc. (NYSE:U) Director Shlomo Dovrat Sells 3,750 Shares

Unity Software Inc. (NYSE:U) Director Shlomo Dovrat sold 3,750 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $17.99, for a total transaction of $67,462.50. Following the completion of the transaction, the director now owns 2,394,935 shares in the company, valued at approximately $43,084,880.65. This represents a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Unity Software Price Performance

NYSE U traded up $1.84 during trading on Wednesday, hitting $21.64. 24,968,484 shares of the company’s stock were exchanged, compared to its average volume of 10,534,266. The stock’s 50 day moving average price is $20.75 and its two-hundred day moving average price is $18.65. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $43.54. 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 market cap of $8.72 billion, a PE ratio of -10.32 and a beta of 2.29.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in shares of Unity Software by 343.8% in the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after acquiring an additional 949 shares during the period. Planning Capital Management Corp acquired a new stake in Unity Software in the third quarter worth $34,000. Brooklyn Investment Group acquired a new position in shares of Unity Software during the third quarter valued at about $43,000. Northwestern Mutual Wealth Management Co. raised its stake in Unity Software by 163.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock worth $36,000 after buying an additional 1,389 shares during the period. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Unity Software by 31.6% in the 1st quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock worth $62,000 after purchasing an additional 562 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on U shares. Piper Sandler restated a “neutral” rating and set a $17.00 price objective (down previously from $25.00) on shares of Unity Software in a report on Friday, August 9th. Benchmark boosted their price target on Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a research note on Friday, November 8th. Wells Fargo & Company began coverage on Unity Software in a research report on Monday, October 28th. They set an “equal weight” rating and a $20.00 price objective on the stock. UBS Group boosted their target price on shares of Unity Software from $15.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Finally, Morgan Stanley raised shares of Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price target on the stock in a research report on Tuesday, September 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Unity Software has a consensus rating of “Hold” and an average target price of $23.35.

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.