Anirma Gupta Sells 3,384 Shares of Unity Software Inc. (NYSE:U) Stock

Key Points

• Anirma Gupta, Senior Vice President of Unity Software, sold 3,384 shares of the company's stock for approximately $129,844, reducing his total shareholding by 0.52% to 641,568 shares, valued at around $24.6 million.
• Unity Software recently reported a loss of $0.26 per share for its last quarter, missing estimates, while revenue was $440.94 million, exceeding expectations of $425.18 million.
• Institutional investors currently hold 73.46% of Unity Software, with significant recent increases from firms like Tower Research Capital, which raised its holdings by over 1,143% in the last quarter.

Unity Software Inc. (NYSE:U - Get Free Report) SVP Anirma Gupta sold 3,384 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $38.37, for a total transaction of $129,844.08. Following the transaction, the senior vice president owned 641,568 shares in the company, valued at $24,616,964.16. This represents a 0.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, May 27th, Anirma Gupta sold 46,957 shares of Unity Software stock. The shares were sold at an average price of $21.24, for a total transaction of $997,366.68.

Unity Software Price Performance

Shares of U traded down $0.42 during mid-day trading on Friday, hitting $38.00. 8,575,565 shares of the company traded hands, compared to its average volume of 14,546,456. The business has a 50-day moving average of $29.63 and a 200 day moving average of $24.50. Unity Software Inc. has a one year low of $15.33 and a one year high of $38.99. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $16.06 billion, a price-to-earnings ratio of -35.85 and a beta of 2.32.

Unity Software (NYSE:U - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.01). The firm had revenue of $440.94 million for the quarter, compared to analyst estimates of $425.18 million. Unity Software had a negative net margin of 24.38% and a negative return on equity of 13.59%. The company's revenue was down 1.9% compared to the same quarter last year. During the same period last year, the company earned ($0.32) EPS. As a group, equities analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Unity Software

Several institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its holdings in Unity Software by 1,143.5% during the second quarter. Tower Research Capital LLC TRC now owns 8,058 shares of the company's stock worth $195,000 after buying an additional 7,410 shares during the last quarter. Duquesne Family Office LLC acquired a new position in Unity Software during the second quarter valued at approximately $42,932,000. Corient Private Wealth LLC acquired a new stake in Unity Software in the second quarter worth $355,000. Captrust Financial Advisors increased its position in shares of Unity Software by 2.1% in the 2nd quarter. Captrust Financial Advisors now owns 22,330 shares of the company's stock valued at $540,000 after buying an additional 462 shares in the last quarter. Finally, Vident Advisory LLC raised its position in shares of Unity Software by 16.1% during the second quarter. Vident Advisory LLC now owns 11,826 shares of the company's stock worth $286,000 after purchasing an additional 1,636 shares during the period. Institutional investors and hedge funds own 73.46% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on U. Wall Street Zen raised Unity Software from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Jefferies Financial Group increased their price objective on Unity Software from $29.00 to $35.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. BTIG Research cut shares of Unity Software from a "neutral" rating to a "sell" rating and set a $25.00 price objective for the company. in a report on Wednesday, July 23rd. Citigroup boosted their price objective on shares of Unity Software from $29.00 to $44.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Finally, Morgan Stanley lifted their price target on Unity Software from $25.00 to $40.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $31.20.

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.

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