Alexander Blum Sells 1,988 Shares of Unity Software (NYSE:U) Stock

Unity Software Inc. (NYSE:U) COO Alexander Blum sold 1,988 shares of the firm’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $42.47, for a total transaction of $84,430.36. Following the completion of the sale, the chief operating officer directly owned 561,130 shares in the company, valued at $23,831,191.10. This represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Alexander Blum also recently made the following trade(s):

• On Tuesday, November 25th, Alexander Blum sold 40,693 shares of Unity Software stock. The stock was sold at an average price of $41.38, for a total transaction of $1,683,876.34.

Unity Software Price Performance

Shares of NYSE:U traded up $1.74 during trading on Tuesday, reaching $44.88. The company had a trading volume of 5,902,689 shares, compared to its average volume of 11,801,756. The company has a fifty day moving average of $38.89 and a two-hundred day moving average of $34.42. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $19.20 billion, a P/E ratio of -42.82 and a beta of 2.04. Unity Software Inc. has a 12 month low of $15.33 and a 12 month high of $46.94.

Unity Software (NYSE:U) last announced its earnings results on Wednesday, November 5th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.03. The company had revenue of $470.62 million during the quarter, compared to analyst estimates of $452.87 million. Unity Software had a negative net margin of 24.15% and a negative return on equity of 9.45%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.31) earnings per share. Equities research analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current year.

Institutional Investors Weigh In On Unity Software

Large investors have recently added to or reduced their stakes in the company. CX Institutional bought a new position in shares of Unity Software during the second quarter valued at about $25,000. Root Financial Partners LLC purchased a new position in Unity Software during the 3rd quarter valued at about $27,000. Banque Transatlantique SA purchased a new position in Unity Software during the 1st quarter valued at about $28,000. Atlantic Union Bankshares Corp bought a new position in Unity Software during the 2nd quarter valued at approximately $28,000. Finally, Larson Financial Group LLC raised its position in Unity Software by 88.1% during the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock valued at $29,000 after purchasing an additional 341 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on U. Zacks Research lowered Unity Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft started coverage on shares of Unity Software in a research report on Wednesday, October 22nd. They set a “hold” rating and a $39.00 price target on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Unity Software in a report on Wednesday, October 8th. Citigroup increased their target price on shares of Unity Software from $50.00 to $52.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Finally, Barclays lifted their target price on shares of Unity Software from $30.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $39.99.

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.