Insider Selling: Unity Software Inc. (NYSE:U) Director Sells 2,146 Shares of Stock

Unity Software Inc. (NYSE:U - Get Free Report) Director David Helgason sold 2,146 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $26.11, for a total transaction of $56,032.06. Following the completion of the sale, the director now directly owns 8,347 shares in the company, valued at $217,940.17. This trade represents a 20.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, June 6th, David Helgason sold 261,473 shares of Unity Software stock. The stock was sold at an average price of $25.70, for a total transaction of $6,719,856.10.

Unity Software Trading Up 1.0%

Shares of NYSE:U traded up $0.26 during trading on Friday, hitting $25.05. The company had a trading volume of 8,882,115 shares, compared to its average volume of 11,406,395. The stock has a market cap of $10.41 billion, a price-to-earnings ratio of -14.91 and a beta of 2.29. Unity Software Inc. has a one year low of $13.90 and a one year high of $30.88. The company has a fifty day simple moving average of $21.10 and a two-hundred day simple moving average of $22.37. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41.

Unity Software (NYSE:U - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported ($0.19) earnings per share for the quarter, beating 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 business had revenue of $435.00 million during the quarter, compared to analyst estimates of $415.77 million. During the same period in the previous year, the company posted $0.28 EPS. Unity Software's revenue was down 5.5% on a year-over-year basis. As a group, equities analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current year.

Institutional Trading of Unity Software

Large investors have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC increased its stake in Unity Software by 30,300.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company's stock worth $25,000 after buying an additional 1,212 shares in the last quarter. Anderson Financial Strategies LLC purchased a new position in Unity Software in the fourth quarter worth approximately $28,000. Principal Securities Inc. grew its position in Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock worth $32,000 after acquiring an additional 477 shares during the period. Banque Transatlantique SA acquired a new position in Unity Software during the first quarter worth $28,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Unity Software during the fourth quarter worth $36,000. Hedge funds and other institutional investors own 73.46% of the company's stock.

Analysts Set New Price Targets

U has been the subject of a number of recent analyst reports. Wall Street Zen cut Unity Software from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. Stifel Nicolaus cut their price target on Unity Software from $35.00 to $28.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Barclays dropped their price target on Unity Software from $26.00 to $25.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Wells Fargo & Company reduced their price target on Unity Software from $22.00 to $19.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Finally, HSBC upgraded Unity Software from a "hold" rating to a "buy" rating and set a $34.00 target price on the stock in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $25.14.

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.

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