Insider Selling: Unity Software (NYSE:U) SVP Sells 2,734 Shares of Stock

Key Points

• Anirma Gupta, SVP of Unity Software, sold 2,734 shares at an average price of $37.85, totaling approximately $103,482, which decreased their ownership position by 1.53%.
• Unity Software's stock price has experienced fluctuations, currently trading at $35.15, with a market cap of $14.85 billion and a negative EPS of ($0.26) reported in their last earnings results.
• Several institutional investors have shown significant activity, with companies like Vanguard Group increasing their shares by 5.9% and owning a collective 73.46% of Unity's stock.

Unity Software Inc. (NYSE:U - Get Free Report) SVP Anirma Gupta sold 2,734 shares of Unity Software stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $37.85, for a total transaction of $103,481.90. Following the sale, the senior vice president directly owned 175,510 shares in the company, valued at $6,643,053.50. This trade represents a 1.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, September 15th, Anirma Gupta sold 2,296 shares of Unity Software stock. The shares were sold at an average price of $43.99, for a total value of $101,001.04.
• On Monday, August 25th, Anirma Gupta sold 10,819 shares of Unity Software stock. The stock was sold at an average price of $39.32, for a total value of $425,403.08.
• On Friday, August 15th, Anirma Gupta sold 3,384 shares of Unity Software stock. The shares were sold at an average price of $38.37, for a total value of $129,844.08.

Unity Software Stock Up 1.2%

NYSE U traded up $0.43 during mid-day trading on Friday, reaching $35.15. 7,957,825 shares of the company's stock traded hands, compared to its average volume of 12,149,926. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 1-year low of $15.33 and a 1-year high of $46.94. The company has a fifty day simple moving average of $40.13 and a 200-day simple moving average of $30.00. The company has a market cap of $14.85 billion, a price-to-earnings ratio of -33.16 and a beta of 2.32.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Unity Software from $25.00 to $40.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Bank of America initiated coverage on Unity Software in a research note on Thursday, June 26th. They set an "underperform" rating and a $15.00 price objective on the stock. Wall Street Zen upgraded Unity Software from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Hsbc Global Res lowered Unity Software from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 30th. Finally, JMP Securities raised their price objective on Unity Software from $30.00 to $35.00 and gave the stock a "market outperform" rating in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $33.16.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Unity Software by 5.9% in the first quarter. Vanguard Group Inc. now owns 32,964,521 shares of the company's stock worth $645,775,000 after buying an additional 1,841,486 shares during the period. Slate Path Capital LP grew its position in shares of Unity Software by 25.4% during the second quarter. Slate Path Capital LP now owns 20,016,952 shares of the company's stock worth $484,410,000 after acquiring an additional 4,048,484 shares during the last quarter. Atreides Management LP increased its holdings in shares of Unity Software by 146.7% in the 1st quarter. Atreides Management LP now owns 9,430,955 shares of the company's stock worth $184,752,000 after acquiring an additional 5,607,572 shares during the period. Norges Bank bought a new stake in Unity Software in the 2nd quarter valued at about $151,221,000. Finally, Geode Capital Management LLC lifted its position in Unity Software by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 5,064,703 shares of the company's stock valued at $122,587,000 after purchasing an additional 36,105 shares during the last quarter. 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.

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