Insider Selling: Unity Software Inc. (NYSE:U) SVP Sells 4,000 Shares of Stock

Unity Software Inc. (NYSE:U) SVP Ingrid Lestiyo sold 4,000 shares of the stock in a transaction on Wednesday, October 13th. The shares were sold at an average price of $139.50, for a total value of $558,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Ingrid Lestiyo also recently made the following trade(s):

  • On Wednesday, September 15th, Ingrid Lestiyo sold 28,000 shares of Unity Software stock. The stock was sold at an average price of $131.23, for a total value of $3,674,440.00.

U stock traded up $3.12 during trading on Thursday, hitting $140.88. 45,616 shares of the stock traded hands, compared to its average volume of 3,686,741. The stock has a market cap of $39.80 billion and a price-to-earnings ratio of -62.62. Unity Software Inc. has a one year low of $76.00 and a one year high of $174.94. The company has a 50 day simple moving average of $127.95 and a 200 day simple moving average of $109.67.

Unity Software (NYSE:U) last posted its quarterly earnings data on Tuesday, August 10th. The company reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.29. The company had revenue of $273.56 million during the quarter, compared to analyst estimates of $242.75 million. Unity Software had a negative net margin of 52.08% and a negative return on equity of 17.16%. The company’s revenue was up 48.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.09) earnings per share. As a group, research analysts forecast that Unity Software Inc. will post -1.22 EPS for the current year.

Several equities analysts have commented on U shares. The Goldman Sachs Group initiated coverage on shares of Unity Software in a research report on Wednesday, August 11th. They set a “buy” rating and a $135.00 target price on the stock. Stifel Nicolaus lifted their target price on shares of Unity Software from $125.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, August 11th. Morgan Stanley started coverage on Unity Software in a research note on Wednesday, June 30th. They set an “equal weight” rating and a $115.00 target price for the company. Macquarie began coverage on Unity Software in a research report on Tuesday, August 31st. They issued an “outperform” rating and a $152.00 price target on the stock. Finally, Credit Suisse Group lowered their price objective on shares of Unity Software from $170.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Unity Software currently has a consensus rating of “Buy” and an average price target of $131.27.

A number of institutional investors have recently bought and sold shares of the business. Shell Asset Management Co. bought a new stake in shares of Unity Software during the second quarter valued at approximately $25,000. Albion Financial Group UT bought a new stake in shares of Unity Software during the second quarter worth $27,000. Wagner Wealth Management LLC acquired a new position in shares of Unity Software during the first quarter valued at $31,000. Bedel Financial Consulting Inc. bought a new position in Unity Software in the second quarter valued at about $36,000. Finally, Tsfg LLC bought a new position in Unity Software in the second quarter valued at about $41,000. 74.66% of the stock is currently owned by institutional investors.

Unity Software Company Profile

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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Insider Buying and Selling by Quarter for Unity Software (NYSE:U)

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