Insider Selling: Unity Software Inc. (NYSE:U) Director Sells 3,750 Shares of Stock

Unity Software Inc. (NYSE:U) Director Shlomo Dovrat sold 3,750 shares of the stock in a transaction dated Monday, November 18th. The stock was 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 directly owns 2,394,935 shares of the company’s stock, valued at $43,084,880.65. This trade represents a 0.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Unity Software Stock Up 9.3 %

Shares of U stock opened at $21.64 on Thursday. The firm’s 50 day moving average price is $20.84 and its two-hundred day moving average price is $18.67. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 52-week low of $13.90 and a 52-week high of $43.54.

Institutional Investors Weigh In On Unity Software

A number of institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in shares of Unity Software by 343.8% during the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after purchasing an additional 949 shares in the last quarter. Planning Capital Management Corp bought a new stake in Unity Software in the 3rd quarter valued at approximately $34,000. Northwestern Mutual Wealth Management Co. boosted its position 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 acquiring an additional 1,389 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Unity Software during the 3rd quarter worth approximately $43,000. Finally, Blue Trust Inc. raised its holdings in shares of Unity Software by 308.8% in the second quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock valued at $51,000 after purchasing an additional 2,359 shares during the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a research note on Friday, September 13th. UBS Group lifted their price target on shares of Unity Software from $15.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Piper Sandler reaffirmed 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. Needham & Company LLC boosted their price objective on Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Barclays raised their target price on Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.