Unity Software Inc. (NYSE:U) Director David Helgason Sells 38,924 Shares

Unity Software Inc. (NYSE:U) Director David Helgason sold 38,924 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $26.92, for a total value of $1,047,834.08. Following the transaction, the director now owns 7,828,494 shares in the company, valued at approximately $210,743,058.48. This trade represents a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

David Helgason also recently made the following trade(s):

• On Friday, February 28th, David Helgason sold 38,924 shares of Unity Software stock. The stock was sold at an average price of $25.84, for a total value of $1,005,796.16.
• On Tuesday, December 10th, David Helgason sold 7,860 shares of Unity Software stock. The shares were sold at an average price of $26.45, for a total transaction of $207,897.00.

Unity Software Trading Down 2.3 %

Shares of NYSE:U opened at $25.58 on Friday. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $30.88. The business has a 50 day moving average of $22.82 and a two-hundred day moving average of $21.49. The company has a market capitalization of $10.48 billion, a PE ratio of -15.22 and a beta of 2.32.

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

Institutional Investors Weigh In On Unity Software

Institutional investors have recently modified their holdings of the business. Ariose Capital Management Ltd acquired a new stake in Unity Software in the 4th quarter valued at $2,299,000. Charles Schwab Investment Management Inc. grew its position in shares of Unity Software by 100.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock valued at $42,662,000 after purchasing an additional 944,709 shares during the period. CIBC Asset Management Inc increased its stake in shares of Unity Software by 2,665.4% during the third quarter. CIBC Asset Management Inc now owns 342,472 shares of the company’s stock worth $7,747,000 after purchasing an additional 330,088 shares in the last quarter. LMR Partners LLP acquired a new position in shares of Unity Software during the 3rd quarter worth about $611,000. Finally, Edgestream Partners L.P. lifted its stake in Unity Software by 637.9% in the 3rd quarter. Edgestream Partners L.P. now owns 102,899 shares of the company’s stock valued at $2,328,000 after buying an additional 88,955 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

U has been the subject of a number of recent analyst reports. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a research note on Monday, February 3rd. Wedbush reissued an “outperform” rating and set a $27.00 price objective on shares of Unity Software in a report on Thursday, February 13th. Benchmark raised shares of Unity Software from a “sell” rating to a “hold” rating in a report on Thursday, February 20th. UBS Group raised their target price on Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Jefferies Financial Group increased their price objective on Unity Software from $23.00 to $28.00 and gave the company a “hold” rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $25.04.

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.