Unity Software (NYSE:U) COO Sells $84,430.36 in Stock

Unity Software Inc. (NYSE:U) COO Alexander Blum sold 1,988 shares of Unity Software stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $42.47, for a total transaction of $84,430.36. Following the sale, the chief operating officer owned 561,130 shares of the company’s stock, valued at approximately $23,831,191.10. This represents a 0.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, November 25th, Alexander Blum sold 40,693 shares of Unity Software stock. The shares were sold at an average price of $41.38, for a total transaction of $1,683,876.34.

Unity Software Price Performance

U opened at $44.13 on Friday. The company has a fifty day moving average price of $38.93 and a two-hundred day moving average price of $34.70. The firm has a market capitalization of $18.88 billion, a PE ratio of -42.03 and a beta of 2.04. Unity Software Inc. has a 52 week low of $15.33 and a 52 week high of $46.94. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.78 and a current ratio of 2.78.

Unity Software (NYSE:U) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. Unity Software had a negative return on equity of 9.45% and a negative net margin of 24.15%.The company had revenue of $470.62 million for the quarter, compared to the consensus estimate of $452.87 million. During the same quarter in the prior year, the business posted ($0.31) EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, analysts anticipate that Unity Software Inc. will post -1.25 earnings per share for the current year.

Institutional Investors Weigh In On Unity Software

Several institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers increased its holdings in Unity Software by 52.9% during the 1st quarter. Cetera Investment Advisers now owns 88,810 shares of the company’s stock worth $1,740,000 after purchasing an additional 30,726 shares in the last quarter. US Bancorp DE boosted its position in shares of Unity Software by 110.1% during the first quarter. US Bancorp DE now owns 26,860 shares of the company’s stock worth $526,000 after buying an additional 14,074 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Unity Software by 19.2% during the first quarter. PNC Financial Services Group Inc. now owns 8,936 shares of the company’s stock worth $175,000 after buying an additional 1,439 shares in the last quarter. Blair William & Co. IL raised its position in Unity Software by 8.6% in the 1st quarter. Blair William & Co. IL now owns 154,958 shares of the company’s stock valued at $3,036,000 after buying an additional 12,242 shares during the last quarter. Finally, Encompass More Asset Management lifted its stake in Unity Software by 14.2% in the 1st quarter. Encompass More Asset Management now owns 76,242 shares of the company’s stock valued at $1,494,000 after acquiring an additional 9,463 shares in the last quarter. 73.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

U has been the topic of several recent analyst reports. Wedbush lifted their price objective on shares of Unity Software from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday. Needham & Company LLC lifted their price target on shares of Unity Software from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Unity Software in a research report on Wednesday, October 8th. Arete raised Unity Software from a “neutral” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Monday. Finally, Macquarie raised Unity Software from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $33.00 to $50.00 in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Unity Software presently has an average rating of “Hold” and an average price target of $39.99.

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.