Anirma Gupta Sells 1,566 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:UGet Free Report) SVP Anirma Gupta sold 1,566 shares of the business’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $15.88, for a total value of $24,868.08. Following the completion of the sale, the senior vice president now directly owns 362,644 shares in the company, valued at approximately $5,758,786.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Monday, April 29th, Anirma Gupta sold 1,037 shares of Unity Software stock. The stock was sold at an average price of $24.42, for a total value of $25,323.54.

Unity Software Stock Up 4.6 %

Shares of Unity Software stock traded up $0.73 on Monday, hitting $16.70. 8,810,063 shares of the company traded hands, compared to its average volume of 9,699,338. Unity Software Inc. has a 12-month low of $15.23 and a 12-month high of $50.08. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.70. The company has a market cap of $6.53 billion, a PE ratio of -7.21 and a beta of 2.28. The company has a 50-day moving average price of $20.83 and a 200 day moving average price of $28.19.

Unity Software (NYSE:UGet Free Report) last issued its earnings results on Thursday, May 9th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.13. Unity Software had a negative return on equity of 7.73% and a negative net margin of 40.11%. The company had revenue of $460.38 million for the quarter, compared to analyst estimates of $422.53 million. Sell-side analysts predict that Unity Software Inc. will post -1.81 earnings per share for the current year.

Hedge Funds Weigh In On Unity Software

Several hedge funds and other institutional investors have recently added to or reduced their stakes in U. Northern Trust Corp lifted its position in shares of Unity Software by 4.8% in the third quarter. Northern Trust Corp now owns 1,583,326 shares of the company’s stock worth $49,701,000 after buying an additional 72,770 shares during the last quarter. Capital Research Global Investors boosted its position in Unity Software by 510.2% during the fourth quarter. Capital Research Global Investors now owns 7,181,661 shares of the company’s stock worth $293,658,000 after purchasing an additional 6,004,655 shares during the period. Janney Montgomery Scott LLC grew its holdings in Unity Software by 26.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 35,336 shares of the company’s stock valued at $1,445,000 after purchasing an additional 7,484 shares during the last quarter. Seldon Capital LP bought a new position in shares of Unity Software in the fourth quarter valued at approximately $7,576,000. Finally, Natixis Advisors L.P. lifted its stake in shares of Unity Software by 3.2% in the third quarter. Natixis Advisors L.P. now owns 13,226 shares of the company’s stock worth $415,000 after buying an additional 407 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Piper Sandler upgraded shares of Unity Software from an “underweight” rating to a “neutral” rating and reduced their price objective for the company from $35.00 to $30.00 in a research report on Tuesday, February 27th. Wedbush restated an “outperform” rating and issued a $33.50 price target on shares of Unity Software in a research report on Friday, May 10th. Benchmark reiterated a “sell” rating and set a $16.00 price objective on shares of Unity Software in a research report on Friday, May 10th. JMP Securities restated a “market perform” rating on shares of Unity Software in a report on Friday, May 10th. Finally, The Goldman Sachs Group cut their target price on Unity Software from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Monday, May 13th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $34.79.

Check Out Our Latest Report on U

Unity Software Company Profile

(Get Free Report)

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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