Unity Software Inc. (NYSE:U) CMO Sells $53,160.00 in Stock

Unity Software Inc. (NYSE:U - Get Free Report) CMO Carol W. Carpenter sold 2,000 shares of the firm's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $26.58, for a total transaction of $53,160.00. Following the completion of the transaction, the chief marketing officer now directly owns 444,617 shares in the company, valued at $11,817,919.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Unity Software Stock Down 0.3 %

Shares of U stock traded down $0.09 during trading on Monday, reaching $26.62. The company's stock had a trading volume of 6,271,650 shares, compared to its average volume of 11,027,505. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.60 and a quick ratio of 2.60. The company has a market capitalization of $10.27 billion, a price-to-earnings ratio of -12.42 and a beta of 2.42. The stock's 50-day moving average price is $30.25 and its 200 day moving average price is $31.36. Unity Software Inc. has a 1-year low of $22.20 and a 1-year high of $50.08.

Unity Software (NYSE:U - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $609.27 million during the quarter, compared to analyst estimates of $551.01 million. Unity Software had a negative net margin of 37.64% and a negative return on equity of 10.14%. The company's revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.50) EPS. On average, research analysts anticipate that Unity Software Inc. will post -0.63 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Harvest Fund Management Co. Ltd acquired a new position in Unity Software during the 4th quarter worth approximately $27,000. Front Row Advisors LLC grew its holdings in Unity Software by 15,550.0% during the 2nd quarter. Front Row Advisors LLC now owns 626 shares of the company's stock worth $27,000 after acquiring an additional 622 shares in the last quarter. Huntington National Bank grew its holdings in Unity Software by 665.0% during the 3rd quarter. Huntington National Bank now owns 895 shares of the company's stock worth $28,000 after acquiring an additional 778 shares in the last quarter. GAMMA Investing LLC acquired a new position in Unity Software during the 4th quarter worth approximately $28,000. Finally, Pacifica Partners Inc. acquired a new position in Unity Software during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 73.46% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on U. HSBC began coverage on shares of Unity Software in a research note on Monday, December 18th. They issued a "hold" rating and a $37.00 price target on the stock. The Goldman Sachs Group raised their price target on shares of Unity Software from $29.00 to $32.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 9th. Macquarie downgraded shares of Unity Software from a "neutral" rating to an "underperform" rating and set a $20.00 price target on the stock. in a research note on Monday, February 12th. Barclays decreased their price target on shares of Unity Software from $30.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 27th. Finally, William Blair reaffirmed an "outperform" rating on shares of Unity Software in a research note on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $37.03.

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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