Unity Software (NYSE:U) SVP Sells $101,001.04 in Stock

Key Points

• Anirma Gupta, Senior Vice President of Unity Software, sold 2,296 shares of the company for a total of $101,001.04 on September 15th, reducing their ownership by 0.36%.
• Unity Software's stock traded at $45.89 recently, with a market capitalization of $19.39 billion, and shares have fluctuated between $15.33 and $46.94 in the past year.
• The company reported a net revenue of $440.94 million for the last quarter, which was slightly above analyst estimates, despite a year-over-year revenue decline of 1.9%.

Unity Software Inc. (NYSE:U - Get Free Report) SVP Anirma Gupta sold 2,296 shares of the company's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $43.99, for a total value of $101,001.04. Following the completion of the sale, the senior vice president owned 628,453 shares of the company's stock, valued at $27,645,647.47. This trade represents a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 Price Performance

Shares of NYSE:U traded down $0.64 on Tuesday, reaching $45.89. 10,392,615 shares of the company traded hands, compared to its average volume of 12,347,443. Unity Software Inc. has a fifty-two week low of $15.33 and a fifty-two week high of $46.94. The company's 50 day moving average is $36.48 and its 200-day moving average is $27.13. The stock has a market capitalization of $19.39 billion, a PE ratio of -43.29 and a beta of 2.33. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.73 and a quick ratio of 2.73.

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

Analysts Set New Price Targets

A number of brokerages have recently commented on U. JMP Securities increased their price objective on Unity Software from $30.00 to $35.00 and gave the company a "market outperform" rating in a research report on Thursday, August 7th. Wedbush increased their price objective on Unity Software from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Zacks Research lowered Unity Software from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Barclays increased their target price on Unity Software from $25.00 to $30.00 and gave the company an "equal weight" rating in a report on Thursday, August 7th. Finally, Citigroup increased their target price on Unity Software from $29.00 to $44.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.20.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of U. Osaic Holdings Inc. boosted its stake in shares of Unity Software by 9.5% during the 2nd quarter. Osaic Holdings Inc. now owns 35,892 shares of the company's stock worth $868,000 after acquiring an additional 3,111 shares during the period. Marex Group plc acquired a new position in Unity Software in the 2nd quarter valued at $281,000. Advisory Services Network LLC raised its holdings in shares of Unity Software by 13.7% during the 2nd quarter. Advisory Services Network LLC now owns 43,702 shares of the company's stock worth $1,058,000 after buying an additional 5,255 shares in the last quarter. State of Wyoming acquired a new position in shares of Unity Software during the 2nd quarter worth $721,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Unity Software by 1,143.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,058 shares of the company's stock worth $195,000 after buying an additional 7,410 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors.

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.

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