Insider Selling: Unity Software Inc. (NYSE:U) Director Sells $67,462.50 in Stock

Unity Software Inc. (NYSE:U) Director Shlomo Dovrat sold 3,750 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $17.99, for a total value of $67,462.50. Following the completion of the transaction, the director now owns 2,394,935 shares of the company’s stock, valued at $43,084,880.65. The trade was a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Unity Software Price Performance

Unity Software stock opened at $23.51 on Friday. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $43.54. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The firm has a 50-day moving average price of $20.98 and a 200-day moving average price of $18.68. The firm has a market capitalization of $9.47 billion, a PE ratio of -11.52 and a beta of 2.29.

Institutional Trading of Unity Software

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in Unity Software by 343.8% in the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock valued at $28,000 after buying an additional 949 shares during the last quarter. Planning Capital Management Corp acquired a new stake in Unity Software during the third quarter worth about $34,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Unity Software by 163.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after acquiring an additional 1,389 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Unity Software during the 3rd quarter worth approximately $43,000. Finally, Blue Trust Inc. lifted its stake in Unity Software by 308.8% in the second quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock worth $51,000 after acquiring an additional 2,359 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 U shares. Needham & Company LLC raised their price target on Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a report on Friday, November 8th. Wedbush raised their price target on shares of Unity Software from $21.00 to $27.00 and gave the company an “outperform” rating in a report on Monday, September 16th. UBS Group increased their price target on Unity Software from $15.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Barclays lifted their price objective on Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Finally, JMP Securities reissued a “market perform” rating on shares of Unity Software in a report on Friday, September 13th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $23.35.

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.