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

Unity Software Inc. (NYSE:U) COO Alexander Blum sold 1,479 shares of the business’s stock in a transaction that occurred on 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 directly owns 495,648 shares in the company, valued at $12,520,068.48. The trade was a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Unity Software Stock Performance

Shares of U stock opened at $26.56 on Thursday. 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 52 week low of $13.90 and a 52 week high of $31.68. The company’s 50 day moving average price is $22.68 and its two-hundred day moving average price is $21.38. The company has a market capitalization of $10.70 billion, a P/E ratio of -15.81 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, topping analysts’ consensus estimates of ($0.35) by $0.05. The business had revenue of $457.10 million for the quarter, compared to analyst estimates 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 fiscal year.

Institutional Trading of Unity Software

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on U shares. Wells Fargo & Company boosted 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. Benchmark upgraded shares of Unity Software from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Needham & Company LLC upped their target price on shares of Unity Software from $26.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Hsbc Global Res raised shares of Unity Software to a “strong-buy” rating in a report on Friday, February 21st. Finally, Barclays boosted their price objective on shares of Unity Software from $18.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Unity Software presently has an average rating of “Hold” and an average target price of $25.96.

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.