Unity Software Inc. (NYSE:U) CMO Carol W. Carpenter Sells 2,000 Shares

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 Wednesday, May 1st. The stock was sold at an average price of $24.18, for a total value of $48,360.00. Following the transaction, the chief marketing officer now directly owns 442,617 shares in the company, valued at approximately $10,702,479.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Unity Software Trading Down 1.6 %

U stock traded down $0.39 during midday trading on Thursday, hitting $24.17. The stock had a trading volume of 8,476,073 shares, compared to its average volume of 9,667,148. The firm has a market cap of $9.44 billion, a PE ratio of -11.19 and a beta of 2.39. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.60 and a quick ratio of 2.60. Unity Software Inc. has a 12-month low of $22.20 and a 12-month high of $50.08. The company's 50-day moving average price is $26.35 and its 200 day moving average price is $30.32.

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 (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.89). Unity Software had a negative net margin of 37.64% and a negative return on equity of 10.14%. The company had revenue of $609.27 million for the quarter, compared to analysts' expectations of $551.01 million. During the same period in the prior year, the firm earned ($0.50) earnings per share. The firm's quarterly revenue was up 35.1% on a year-over-year basis. On average, equities research analysts predict that Unity Software Inc. will post -0.63 earnings per share for the current fiscal year.

Institutional Trading of Unity Software

Institutional investors have recently added to or reduced their stakes in the business. Tradewinds Capital Management LLC boosted its position 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 purchasing an additional 700 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in Unity Software during the 4th quarter worth $27,000. Huntington National Bank boosted its position 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 purchasing an additional 778 shares during the period. GAMMA Investing LLC purchased a new stake in Unity Software during the 4th quarter worth $28,000. Finally, Benjamin F. Edwards & Company Inc. boosted its position in Unity Software by 2,429.3% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company's stock worth $28,000 after purchasing an additional 996 shares during the period. 73.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on U. William Blair reissued an "outperform" rating on shares of Unity Software in a report on Tuesday, January 9th. Stifel Nicolaus lifted 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. 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. Needham & Company LLC lowered their price objective on Unity Software from $40.00 to $31.00 and set a "buy" rating on the stock in a report on Tuesday, February 27th. Finally, The Goldman Sachs Group lifted their price objective on Unity Software from $29.00 to $32.00 and gave the company a "neutral" rating in a report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $37.03.

About Unity Software

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.