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

Unity Software Inc. (NYSE:U) SVP Anirma Gupta sold 1,037 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $24.42, for a total value of $25,323.54. Following the completion of the transaction, the senior vice president now owns 386,706 shares of the company’s stock, valued at approximately $9,443,360.52. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

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

Unity Software Trading Down 2.9 %

Shares of NYSE:U traded down $0.72 on Tuesday, reaching $24.27. 5,353,241 shares of the company traded hands, compared to its average volume of 9,713,600. The stock has a market capitalization of $9.48 billion, a P/E ratio of -11.56 and a beta of 2.42. The business’s 50-day simple moving average is $26.63 and its 200 day simple moving average is $30.39. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.85. Unity Software Inc. has a 52 week low of $22.20 and a 52 week high of $50.08.

Unity Software (NYSE:U) last posted its quarterly earnings results 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 return on equity of 10.14% and a negative net margin of 37.64%. The company had revenue of $609.27 million for the quarter, compared to the consensus estimate of $551.01 million. During the same quarter in the previous year, the business earned ($0.50) earnings per share. Unity Software’s revenue was up 35.1% compared to the same quarter last year. As a group, equities analysts anticipate that Unity Software Inc. will post -0.63 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. The Goldman Sachs Group increased their target price on shares of Unity Software from $29.00 to $32.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 9th. Citigroup dropped their price objective on Unity Software from $50.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, February 28th. Needham & Company LLC decreased their target price on Unity Software from $40.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, February 27th. Barclays dropped their price target on Unity Software from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 27th. Finally, Wedbush cut their price objective on Unity Software from $50.00 to $33.50 and set an “outperform” rating for the company in a report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $37.03.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. BluePath Capital Management LLC raised its position in Unity Software by 6.7% during the 4th quarter. BluePath Capital Management LLC now owns 5,453 shares of the company’s stock valued at $223,000 after purchasing an additional 342 shares during the last quarter. Kovack Advisors Inc. raised its holdings in shares of Unity Software by 1.5% during the fourth quarter. Kovack Advisors Inc. now owns 26,411 shares of the company’s stock valued at $1,080,000 after acquiring an additional 380 shares in the last quarter. Natixis Advisors L.P. raised its holdings in shares of Unity Software by 3.2% during the third quarter. Natixis Advisors L.P. now owns 13,226 shares of the company’s stock valued at $415,000 after acquiring an additional 407 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in Unity Software by 2.5% in the third quarter. Teacher Retirement System of Texas now owns 17,602 shares of the company’s stock worth $553,000 after acquiring an additional 433 shares during the period. Finally, Royal London Asset Management Ltd. boosted its holdings in Unity Software by 0.4% in the fourth quarter. Royal London Asset Management Ltd. now owns 116,167 shares of the company’s stock valued at $4,750,000 after acquiring an additional 440 shares in the last quarter. 73.46% of the stock is owned by hedge funds and other 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.