Alexander Blum Sells 10,164 Shares of Unity Software (NYSE:U) Stock

Unity Software Inc. (NYSE:U) COO Alexander Blum sold 10,164 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $18.07, for a total value of $183,663.48. Following the transaction, the chief operating officer directly owned 550,966 shares of the company’s stock, valued at $9,955,955.62. The trade was a 1.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Friday, February 27th, Alexander Blum sold 2,541 shares of Unity Software stock. The shares were sold at an average price of $18.76, for a total value of $47,669.16.

Unity Software Price Performance

Shares of U traded down $1.45 during trading hours on Friday, reaching $18.14. 15,265,986 shares of the company traded hands, compared to its average volume of 19,414,820. The stock has a market capitalization of $7.85 billion, a PE ratio of -18.89, a price-to-earnings-growth ratio of 9.97 and a beta of 2.04. The stock has a fifty day simple moving average of $35.07 and a 200 day simple moving average of $38.67. Unity Software Inc. has a fifty-two week low of $15.33 and a fifty-two week high of $52.15. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.52.

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on U. Morgan Stanley increased their price target on Unity Software from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Jefferies Financial Group upped their target price on Unity Software from $49.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, January 5th. Citigroup reduced their target price on Unity Software from $52.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. The Goldman Sachs Group lowered their price target on Unity Software from $47.00 to $27.00 and set a “neutral” rating for the company in a report on Thursday, February 12th. Finally, UBS Group dropped their price objective on shares of Unity Software from $46.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $39.52.

Hedge Funds Weigh In On Unity Software

Large investors have recently modified their holdings of the company. Jefferies Financial Group Inc. bought a new stake in shares of Unity Software in the 2nd quarter valued at approximately $205,000. Vanguard Group Inc. boosted its holdings in shares of Unity Software by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 34,556,611 shares of the company’s stock valued at $1,383,647,000 after buying an additional 930,293 shares during the period. Austin Wealth Management LLC acquired a new position in shares of Unity Software in the 2nd quarter valued at about $208,000. PNC Financial Services Group Inc. grew its position in shares of Unity Software by 148.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 22,181 shares of the company’s stock valued at $537,000 after buying an additional 13,245 shares during the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd raised its stake in Unity Software by 43.6% during the third quarter. Broad Peak Investment Advisers Pte Ltd now owns 2,849,437 shares of the company’s stock worth $114,091,000 after acquiring an additional 865,179 shares during the period. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

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.