Insider Selling: Unity Software (NYSE:U) COO Sells 2,541 Shares of Stock

Unity Software Inc. (NYSE:U) COO Alexander Blum sold 2,541 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $18.76, for a total value of $47,669.16. Following the completion of the transaction, the chief operating officer owned 548,425 shares of the company’s stock, valued at approximately $10,288,453. The trade was a 0.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Alexander Blum also recently made the following trade(s):

• On Wednesday, February 25th, Alexander Blum sold 10,164 shares of Unity Software stock. The shares were sold at an average price of $18.07, for a total transaction of $183,663.48.

Unity Software Stock Performance

NYSE U traded down $1.45 on Friday, reaching $18.14. 15,265,986 shares of the company’s stock traded hands, compared to its average volume of 19,414,820. The firm has a market cap of $7.85 billion, a price-to-earnings ratio of -18.89, a P/E/G ratio of 9.97 and a beta of 2.04. The stock has a 50 day moving average price of $35.07 and a 200-day moving average price of $38.67. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.84 and a current ratio of 1.84. Unity Software Inc. has a fifty-two week low of $15.33 and a fifty-two week high of $52.15.

Unity Software (NYSE:U) last posted its earnings results on Wednesday, February 11th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.20 by $0.04. Unity Software had a negative return on equity of 4.76% and a negative net margin of 21.77%.The firm had revenue of $503.09 million for the quarter, compared to analyst estimates of $490.64 million. During the same period last year, the company earned ($0.30) earnings per share. Unity Software’s revenue for the quarter was up 10.1% compared to the same quarter last year. Equities research analysts predict that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on U shares. Weiss Ratings restated a “sell (d-)” rating on shares of Unity Software in a research report on Wednesday, January 21st. Arete Research raised Unity Software from a “neutral” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Monday, December 1st. Wall Street Zen cut Unity Software from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Oppenheimer raised Unity Software from a “market perform” rating to an “outperform” rating and set a $38.00 target price for the company in a research note on Tuesday, February 10th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $50.00 price target on shares of Unity Software in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.52.

Institutional Trading of Unity Software

A number of institutional investors have recently made changes to their positions in the company. Root Financial Partners LLC acquired a new position in Unity Software in the 3rd quarter valued at $27,000. Atlantic Union Bankshares Corp acquired a new stake in Unity Software during the 2nd quarter worth $28,000. REAP Financial Group LLC purchased a new stake in shares of Unity Software during the fourth quarter worth $28,000. Larson Financial Group LLC grew its holdings in shares of Unity Software by 88.1% during the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after buying an additional 341 shares in the last quarter. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Unity Software in the fourth quarter valued at about $30,000. 73.46% of the stock is owned by institutional investors and hedge funds.

About Unity Software

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.