Anirma Gupta Sells 551 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U) SVP Anirma Gupta sold 551 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $18.17, for a total transaction of $10,011.67. Following the completion of the sale, the senior vice president now directly owns 691,909 shares in the company, valued at approximately $12,571,986.53. This represents a 0.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Monday, March 17th, Anirma Gupta sold 482 shares of Unity Software stock. The stock was sold at an average price of $20.61, for a total transaction of $9,934.02.
• On Tuesday, February 25th, Anirma Gupta sold 31,948 shares of Unity Software stock. The shares were sold at an average price of $25.23, for a total value of $806,048.04.
• On Tuesday, February 18th, Anirma Gupta sold 465 shares of Unity Software stock. The stock was sold at an average price of $21.68, for a total value of $10,081.20.

Unity Software Stock Up 1.6 %

U stock opened at $19.20 on Friday. The stock has a market capitalization of $7.86 billion, a PE ratio of -11.43 and a beta of 2.31. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The firm has a 50 day moving average of $21.54 and a 200 day moving average of $22.03.

Unity Software (NYSE:U) last released its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.05. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The firm had revenue of $457.10 million for the quarter, compared to the consensus estimate of $433.47 million. Sell-side analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on U shares. HSBC upgraded Unity Software from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Friday, February 21st. Citizens Jmp raised shares of Unity Software from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. Wells Fargo & Company reduced their price objective on Unity Software from $22.00 to $19.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. UBS Group cut their price target on Unity Software from $30.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Finally, Benchmark upgraded shares of Unity Software from a “sell” rating to a “hold” rating in a report on Thursday, February 20th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Unity Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.96.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of U. FNY Investment Advisers LLC increased its holdings in Unity Software by 707.2% in the 1st quarter. FNY Investment Advisers LLC now owns 16,144 shares of the company’s stock worth $316,000 after buying an additional 14,144 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Unity Software by 116.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 29,085 shares of the company’s stock valued at $570,000 after acquiring an additional 15,633 shares during the last quarter. Bouvel Investment Partners LLC increased its stake in shares of Unity Software by 1.7% in the first quarter. Bouvel Investment Partners LLC now owns 35,595 shares of the company’s stock worth $697,000 after acquiring an additional 580 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Unity Software during the first quarter worth $2,215,000. Finally, GAMMA Investing LLC raised its holdings in shares of Unity Software by 72.5% during the first quarter. GAMMA Investing LLC now owns 2,822 shares of the company’s stock worth $55,000 after purchasing an additional 1,186 shares during the last quarter. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

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.