Anirma Gupta Sells 1,037 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U) SVP Anirma Gupta sold 1,037 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $24.42, for a total transaction of $25,323.54. Following the sale, the senior vice president now directly owns 386,706 shares in the company, valued at $9,443,360.52. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Anirma Gupta also recently made the following trade(s):

• On Monday, March 25th, Anirma Gupta sold 927 shares of Unity Software stock. The shares were sold at an average price of $26.93, for a total value of $24,964.11.

Unity Software Trading Up 1.2 %

Shares of NYSE:U opened at $24.55 on Thursday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.60 and a current ratio of 2.60. Unity Software Inc. has a 12-month low of $22.20 and a 12-month high of $50.08. The company’s 50 day moving average price is $26.35 and its two-hundred day moving average price is $30.32.

Unity Software (NYSE:U) last released its earnings results on Monday, February 26th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.89). The company had revenue of $609.27 million for the quarter, compared to the consensus estimate of $551.01 million. Unity Software had a negative net margin of 37.64% and a negative return on equity of 10.14%. The business’s revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.50) earnings per share. As a group, sell-side analysts predict that Unity Software Inc. will post -0.63 earnings per share for the current year.

Institutional Trading of Unity Software

A number of institutional investors have recently modified their holdings of the stock. Tradewinds Capital Management LLC raised its holdings in shares of Unity Software by 245.6% during the 1st quarter. Tradewinds Capital Management LLC now owns 985 shares of the company’s stock worth $26,000 after buying an additional 700 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Unity Software during the 4th quarter worth $27,000. Huntington National Bank grew its stake in shares of Unity Software by 665.0% during the third quarter. Huntington National Bank now owns 895 shares of the company’s stock worth $28,000 after buying an additional 778 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of Unity Software in the 4th quarter valued at $28,000. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Unity Software by 2,429.3% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company’s stock valued at $28,000 after acquiring an additional 996 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on U shares. Piper Sandler upgraded Unity Software from an “underweight” rating to a “neutral” rating and decreased their price target for the company from $35.00 to $30.00 in a research note on Tuesday, February 27th. Citigroup decreased their target price on shares of Unity Software from $50.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, February 28th. Stifel Nicolaus upped their price target on shares of Unity Software from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Barclays cut their price target on shares of Unity Software from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 27th. Finally, The Goldman Sachs Group upped their target price on shares of Unity Software from $29.00 to $32.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $37.03.

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.