Insider Selling: Unity Software (NYSE:U) COO Sells $933,159.45 in Stock

Unity Software Inc. (NYSE:U) COO Alexander Blum sold 20,595 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $45.31, for a total value of $933,159.45. Following the transaction, the chief operating officer owned 707,375 shares in the company, valued at $32,051,161.25. This trade represents a 2.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Thursday, August 27th, Alexander Blum sold 1,964 shares of Unity Software stock. The shares were sold at an average price of $44.81, for a total value of $88,006.84.

Unity Software Trading Down 0.2%

NYSE U opened at $43.40 on Friday. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.55. Unity Software Inc. has a twelve month low of $16.78 and a twelve month high of $52.15. The firm has a market capitalization of $19.10 billion, a PE ratio of -31.91, a P/E/G ratio of 1.90 and a beta of 2.04. The stock’s 50 day moving average is $35.17 and its 200 day moving average is $27.74.

Unity Software (NYSE:U) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.39. The company had revenue of $546.47 million for the quarter, compared to analysts’ expectations of $514.72 million. Unity Software had a positive return on equity of 4.64% and a negative net margin of 28.97%.The firm’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.18 earnings per share. Research analysts forecast that Unity Software Inc. will post 0.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on U. Needham & Company LLC increased their price target on shares of Unity Software from $40.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Citigroup upped their price objective on shares of Unity Software from $40.00 to $48.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Deutsche Bank Aktiengesellschaft raised shares of Unity Software from a “hold” rating to a “buy” rating and raised their target price for the company from $31.00 to $50.00 in a research note on Friday, August 7th. Weiss Ratings upgraded shares of Unity Software from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 4th. Finally, Benchmark raised Unity Software from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $45.16.

Hedge Funds Weigh In On Unity Software

Several large investors have recently modified their holdings of the stock. REAP Financial Group LLC bought a new stake in Unity Software during the 4th quarter valued at about $28,000. Larson Financial Group LLC lifted its stake in shares of Unity Software by 88.1% in the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after buying an additional 341 shares in the last quarter. IFP Advisors Inc purchased a new stake in shares of Unity Software during the third quarter valued at approximately $33,000. International Assets Investment Management LLC purchased a new stake in shares of Unity Software during the fourth quarter valued at approximately $36,000. Finally, Cornerstone Planning Group LLC increased its position in shares of Unity Software by 3,953.3% during the fourth quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company’s stock valued at $49,000 after acquiring an additional 1,186 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Unity Software Company Profile

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.