Unity Software Inc. (NYSE:U) Director Sells $6,719,856.10 in Stock

Unity Software Inc. (NYSE:U - Get Free Report) Director David Helgason sold 261,473 shares of Unity Software stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $25.70, for a total value of $6,719,856.10. Following the transaction, the director now directly owns 7,489,173 shares in the company, valued at approximately $192,471,746.10. The trade was a 3.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, June 5th, David Helgason sold 2,146 shares of Unity Software stock. The shares were sold at an average price of $26.11, for a total transaction of $56,032.06.

Unity Software Stock Up 1.0%

Shares of U traded up $0.26 during midday trading on Friday, reaching $25.05. 8,882,115 shares of the stock were exchanged, compared to its average volume of 11,406,455. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $30.88. The firm has a 50 day simple moving average of $21.20 and a 200-day simple moving average of $22.40. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The company has a market cap of $10.41 billion, a price-to-earnings ratio of -14.91 and a beta of 2.29.

Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.19) earnings per share for the quarter, topping analysts' consensus estimates of ($0.38) by $0.19. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The company had revenue of $435.00 million during the quarter, compared to the consensus estimate of $415.77 million. During the same period last year, the business earned $0.28 EPS. The business's quarterly revenue was down 5.5% on a year-over-year basis. Research analysts forecast that Unity Software Inc. will post -1.25 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. UBS Group decreased their price target on Unity Software from $30.00 to $22.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Stifel Nicolaus decreased their price target on Unity Software from $35.00 to $28.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Benchmark upgraded Unity Software from a "sell" rating to a "hold" rating in a research report on Thursday, February 20th. Morgan Stanley decreased their price target on Unity Software from $32.00 to $25.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, Macquarie began coverage on Unity Software in a research note on Monday, March 10th. They issued a "neutral" rating and a $24.00 price objective for the company. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Unity Software has an average rating of "Hold" and an average price target of $25.14.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers grew its holdings in Unity Software by 0.7% in the 1st quarter. Rhumbline Advisers now owns 316,933 shares of the company's stock valued at $6,209,000 after buying an additional 2,081 shares during the last quarter. Focus Partners Wealth acquired a new stake in Unity Software in the 1st quarter valued at approximately $260,000. Bayforest Capital Ltd grew its holdings in Unity Software by 175.5% in the 1st quarter. Bayforest Capital Ltd now owns 6,045 shares of the company's stock valued at $118,000 after buying an additional 3,851 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Unity Software by 5.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 813,176 shares of the company's stock valued at $15,930,000 after buying an additional 45,481 shares during the last quarter. Finally, Sender Co & Partners Inc. acquired a new stake in Unity Software in the 1st quarter valued at approximately $2,042,000. Institutional investors and hedge funds own 73.46% of the company's stock.

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.