Anirma Gupta Sells 1,037 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U - Get Free Report) SVP Anirma Gupta sold 1,037 shares of the business's stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $24.42, for a total value of $25,323.54. Following the transaction, the senior vice president now directly owns 386,706 shares in the company, valued at approximately $9,443,360.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, March 25th, Anirma Gupta sold 927 shares of Unity Software stock. The stock was sold at an average price of $26.93, for a total value of $24,964.11.

Unity Software Price Performance

Shares of U traded down $0.72 during mid-day trading on Tuesday, hitting $24.27. 5,353,241 shares of the company traded hands, compared to its average volume of 9,737,046. Unity Software Inc. has a one year low of $22.20 and a one year high of $50.08. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.85. The business has a 50-day moving average of $26.48 and a 200 day moving average of $30.36. The stock has a market capitalization of $9.48 billion, a price-to-earnings ratio of -11.24 and a beta of 2.42.

Unity Software (NYSE:U - Get Free Report) last posted its earnings results on Monday, February 26th. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.89). Unity Software had a negative return on equity of 10.14% and a negative net margin of 37.64%. The firm had revenue of $609.27 million during the quarter, compared to analyst estimates of $551.01 million. During the same quarter last year, the business posted ($0.50) earnings per share. The company's revenue for the quarter was up 35.1% on a year-over-year basis. As a group, equities analysts expect that Unity Software Inc. will post -0.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. William Blair reaffirmed an "outperform" rating on shares of Unity Software in a research report on Tuesday, January 9th. Citigroup reduced their target price on Unity Software from $50.00 to $38.00 and set a "buy" rating on the stock in a research report on Wednesday, February 28th. Stifel Nicolaus increased their price objective on Unity Software from $32.00 to $35.00 and gave the company a "buy" rating in a report on Friday, March 1st. Wedbush cut their price objective on Unity Software from $50.00 to $33.50 and set an "outperform" rating on the stock in a report on Tuesday, February 27th. Finally, Macquarie lowered Unity Software from a "neutral" rating to an "underperform" rating and set a $20.00 price objective on the stock. in a report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $37.03.

Institutional Trading of Unity Software

A number of hedge funds have recently modified their holdings of the stock. Tradewinds Capital Management LLC grew its holdings in Unity Software by 245.6% during the 1st quarter. Tradewinds Capital Management LLC now owns 985 shares of the company's stock worth $26,000 after acquiring an additional 700 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in Unity Software during the fourth quarter valued at about $27,000. Huntington National Bank lifted its holdings in shares of Unity Software by 665.0% in the third quarter. Huntington National Bank now owns 895 shares of the company's stock worth $28,000 after buying an additional 778 shares in the last quarter. GAMMA Investing LLC purchased a new stake in Unity Software in the fourth quarter valued at approximately $28,000. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of Unity Software by 2,429.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company's stock worth $28,000 after acquiring an additional 996 shares in 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.