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

Unity Software Inc. (NYSE:U) SVP Anirma Gupta sold 551 shares of Unity Software stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $18.17, for a total value of $10,011.67. Following the completion of the transaction, the senior vice president now owns 691,909 shares in the company, valued at approximately $12,571,986.53. The trade was a 0.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 shares were sold at an average price of $20.61, for a total value of $9,934.02.
• On Tuesday, February 25th, Anirma Gupta sold 31,948 shares of Unity Software stock. The stock was 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 shares were sold at an average price of $21.68, for a total transaction of $10,081.20.

Unity Software Stock Performance

Shares of U opened at $18.90 on Thursday. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The firm’s fifty day simple moving average is $21.56 and its two-hundred day simple moving average is $22.05. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $30.88. The stock has a market capitalization of $7.74 billion, a P/E ratio of -11.25 and a beta of 2.31.

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

Institutional Trading of Unity Software

Several large investors have recently modified their holdings of the stock. Ariose Capital Management Ltd bought a new position in Unity Software during the fourth quarter worth $2,299,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Unity Software by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,958,400 shares of the company’s stock valued at $44,005,000 after purchasing an additional 72,384 shares during the period. Jessup Wealth Management Inc bought a new position in shares of Unity Software during the 4th quarter worth about $510,000. Vanguard Group Inc. boosted its position in shares of Unity Software by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 31,123,035 shares of the company’s stock worth $699,335,000 after purchasing an additional 625,872 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of Unity Software by 10.0% in the 4th quarter. CIBC Asset Management Inc now owns 376,794 shares of the company’s stock valued at $8,467,000 after buying an additional 34,322 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on U shares. Wedbush restated an “outperform” rating and issued a $27.00 target price on shares of Unity Software in a research report on Thursday, February 13th. Hsbc Global Res upgraded Unity Software to a “strong-buy” rating in a research report on Friday, February 21st. 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. Morgan Stanley boosted their price target on Unity Software from $26.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Finally, Macquarie started coverage on shares of Unity Software in a report on Monday, March 10th. They issued a “neutral” rating and a $24.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.46.

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.