Insider Selling: Unity Software (NYSE:U) CFO Sells 6,205 Shares of Stock

Unity Software Inc. (NYSE:U) CFO Jarrod Yahes sold 6,205 shares of the stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $21.03, for a total value of $130,491.15. Following the completion of the transaction, the chief financial officer directly owned 728,381 shares in the company, valued at $15,317,852.43. This represents a 0.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Jarrod Yahes also recently made the following trade(s):

• On Wednesday, February 25th, Jarrod Yahes sold 12,196 shares of Unity Software stock. The stock was sold at an average price of $18.07, for a total value of $220,381.72.

Unity Software Stock Performance

NYSE:U traded down $0.90 during midday trading on Friday, hitting $19.83. The company’s stock had a trading volume of 12,117,004 shares, compared to its average volume of 23,273,164. Unity Software Inc. has a fifty-two week low of $15.33 and a fifty-two week high of $52.15. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a market cap of $8.59 billion, a P/E ratio of -20.66, a P/E/G ratio of 11.12 and a beta of 2.14. The firm’s 50 day moving average is $31.94 and its 200-day moving average is $37.94.

Unity Software (NYSE:U) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.20 by $0.04. Unity Software had a negative net margin of 21.77% and a negative return on equity of 4.76%. The business had revenue of $503.09 million for the quarter, compared to the consensus estimate of $490.64 million. During the same period in the prior year, the firm earned ($0.30) EPS. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities analysts anticipate that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Oppenheimer upgraded Unity Software from a “market perform” rating to an “outperform” rating and set a $38.00 price target for the company in a research report on Tuesday, February 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective on shares of Unity Software in a research note on Wednesday, February 11th. Citizens Jmp decreased their target price on shares of Unity Software from $50.00 to $37.00 and set a “market outperform” rating for the company in a research note on Thursday, February 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Unity Software in a report on Wednesday, January 21st. Finally, Wall Street Zen cut shares of Unity Software from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $39.73.

Hedge Funds Weigh In On Unity Software

Several hedge funds and other institutional investors have recently added to or reduced their stakes in U. Root Financial Partners LLC acquired a new position in shares of Unity Software during the 3rd quarter worth about $27,000. Atlantic Union Bankshares Corp acquired a new stake in Unity Software in the 2nd quarter worth about $28,000. REAP Financial Group LLC purchased a new stake in Unity Software during the 4th quarter worth approximately $28,000. Larson Financial Group LLC raised its holdings in shares of Unity Software by 88.1% during the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock valued at $29,000 after acquiring an additional 341 shares during the last quarter. Finally, V Square Quantitative Management LLC purchased a new position in shares of Unity Software in the fourth quarter valued at approximately $30,000. 73.46% of the stock is owned by hedge funds and other institutional investors.

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.