Carol W. Carpenter Sells 2,000 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U) CMO Carol W. Carpenter sold 2,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $24.18, for a total value of $48,360.00. Following the completion of the sale, the chief marketing officer now owns 442,617 shares in the company, valued at $10,702,479.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Unity Software Price Performance

Unity Software stock opened at $24.75 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.60 and a quick ratio of 2.60. The firm has a 50-day moving average of $26.22 and a two-hundred day moving average of $30.28. Unity Software Inc. has a 1 year low of $22.20 and a 1 year high of $50.08.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on U. Piper Sandler raised Unity Software from an “underweight” rating to a “neutral” rating and decreased their price objective for the stock from $35.00 to $30.00 in a report on Tuesday, February 27th. William Blair reissued an “outperform” rating on shares of Unity Software in a research note on Tuesday, January 9th. Barclays decreased their target price on shares of Unity Software from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 27th. Wedbush reiterated an “outperform” rating and issued a $33.50 price target on shares of Unity Software in a research report on Thursday. Finally, The Goldman Sachs Group upped their price objective on Unity Software from $29.00 to $32.00 and gave the company a “neutral” rating in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Unity Software has a consensus rating of “Hold” and an average target price of $37.03.

Institutional Investors Weigh In On Unity Software

Hedge funds have recently modified their holdings of the business. Northern Trust Corp grew its stake in shares of Unity Software by 4.8% during the third quarter. Northern Trust Corp now owns 1,583,326 shares of the company’s stock worth $49,701,000 after acquiring an additional 72,770 shares during the last quarter. Natixis Advisors L.P. lifted its holdings in Unity Software by 3.2% in the third quarter. Natixis Advisors L.P. now owns 13,226 shares of the company’s stock valued at $415,000 after acquiring an additional 407 shares during the period. Compagnie Lombard Odier SCmA boosted its position in Unity Software by 20.3% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 3,670 shares of the company’s stock worth $150,000 after purchasing an additional 620 shares in the last quarter. Graham Capital Management L.P. acquired a new stake in Unity Software during the third quarter valued at $414,000. Finally, LA Financiere DE L Echiquier increased its stake in shares of Unity Software by 25.3% in the 4th quarter. LA Financiere DE L Echiquier now owns 399,600 shares of the company’s stock valued at $16,340,000 after purchasing an additional 80,600 shares in the last quarter. 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.