Unity Software Inc. (NYSE:U) SVP Anirma Gupta Sells 1,037 Shares

Unity Software Inc. (NYSE:U) SVP Anirma Gupta sold 1,037 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $24.42, for a total transaction of $25,323.54. Following the completion of the transaction, the senior vice president now owns 386,706 shares in the company, valued at $9,443,360.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, March 25th, Anirma Gupta sold 927 shares of Unity Software stock. The shares were sold at an average price of $26.93, for a total value of $24,964.11.

Unity Software Trading Down 2.9 %

NYSE:U opened at $24.27 on Wednesday. The stock has a market capitalization of $9.48 billion, a price-to-earnings ratio of -11.24 and a beta of 2.42. Unity Software Inc. has a 52 week low of $22.20 and a 52 week high of $50.08. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.85. The firm has a 50 day moving average of $26.48 and a 200 day moving average of $30.36.

Unity Software (NYSE:U) last announced its earnings results on Monday, February 26th. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.89). The business had revenue of $609.27 million for the quarter, compared to analysts’ expectations of $551.01 million. Unity Software had a negative return on equity of 10.14% and a negative net margin of 37.64%. The firm’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.50) earnings per share. As a group, sell-side analysts anticipate that Unity Software Inc. will post -0.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

U has been the topic of several recent research reports. Wedbush reduced their price objective on Unity Software from $50.00 to $33.50 and set an “outperform” rating on the stock in a research report on Tuesday, February 27th. Barclays reduced their price target on Unity Software from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 27th. Macquarie lowered Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 target price for the company. in a research report on Monday, February 12th. Citigroup reduced their price target on shares of Unity Software from $50.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Finally, Needham & Company LLC cut their target price on Unity Software from $40.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $37.03.

Hedge Funds Weigh In On Unity Software

Several hedge funds and other institutional investors have recently modified their holdings of U. SG Americas Securities LLC raised its stake in Unity Software by 236.2% in the 3rd quarter. SG Americas Securities LLC now owns 34,512 shares of the company’s stock worth $1,083,000 after acquiring an additional 24,248 shares during the last quarter. DAVENPORT & Co LLC lifted its holdings in shares of Unity Software by 6.2% during the third quarter. DAVENPORT & Co LLC now owns 16,682 shares of the company’s stock worth $524,000 after purchasing an additional 981 shares during the period. Handelsbanken Fonder AB boosted its position in Unity Software by 7.5% in the third quarter. Handelsbanken Fonder AB now owns 99,782 shares of the company’s stock valued at $3,132,000 after buying an additional 6,943 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in Unity Software by 8.3% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 22,210 shares of the company’s stock worth $697,000 after buying an additional 1,700 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in Unity Software by 4.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 98,440 shares of the company’s stock valued at $3,090,000 after acquiring an additional 3,966 shares during the period. 73.46% of the stock is owned by hedge funds and other institutional investors.

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.