Jarrod Yahes Sells 6,205 Shares of Unity Software (NYSE:U) Stock

Unity Software Inc. (NYSE:U) CFO Jarrod Yahes sold 6,205 shares of Unity Software stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $21.03, for a total value of $130,491.15. Following the sale, the chief financial officer directly owned 728,381 shares of the company’s stock, valued at approximately $15,317,852.43. This trade represents a 0.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jarrod Yahes also recently made the following trade(s):

• On Wednesday, February 25th, Jarrod Yahes sold 12,196 shares of Unity Software stock. The stock was sold at an average price of $18.07, for a total value of $220,381.72.

Unity Software Stock Performance

Shares of Unity Software stock opened at $19.83 on Friday. The firm has a market cap of $8.59 billion, a P/E ratio of -20.66, a P/E/G ratio of 10.65 and a beta of 2.14. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.52. Unity Software Inc. has a 12 month low of $15.33 and a 12 month high of $52.15. The stock’s fifty day moving average price is $31.94 and its 200-day moving average price is $37.94.

Unity Software (NYSE:U) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.24 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $490.64 million. During the same period in the previous year, the company posted ($0.30) earnings per share. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. On average, equities research analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Benchmark reaffirmed a “hold” rating on shares of Unity Software in a research report on Monday, February 2nd. Citigroup cut their price objective on shares of Unity Software from $52.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Bank of America raised shares of Unity Software from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $18.00 to $19.00 in a research note on Tuesday, March 3rd. Citizens Jmp lowered their target price on Unity Software from $50.00 to $37.00 and set a “market outperform” rating for the company in a report on Thursday, February 12th. Finally, Barclays cut their price target on Unity Software from $35.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Unity Software currently has an average rating of “Moderate Buy” and a consensus target price of $39.73.

Hedge Funds Weigh In On Unity Software

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in shares of Unity Software by 10.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,967 shares of the company’s stock valued at $119,000 after purchasing an additional 288 shares during the last quarter. Newbridge Financial Services Group Inc. increased its position in Unity Software by 12.9% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 2,696 shares of the company’s stock valued at $108,000 after buying an additional 308 shares in the last quarter. Xponance Inc. increased its position in Unity Software by 1.8% during the 3rd quarter. Xponance Inc. now owns 18,291 shares of the company’s stock valued at $732,000 after buying an additional 328 shares in the last quarter. Larson Financial Group LLC raised its stake in Unity Software by 88.1% in the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock valued at $29,000 after buying an additional 341 shares during the last quarter. Finally, Allworth Financial LP raised its stake in Unity Software by 28.4% in the second quarter. Allworth Financial LP now owns 1,865 shares of the company’s stock valued at $45,000 after buying an additional 412 shares during the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

Unity Software Company Profile

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.