David Helgason Sells 38,924 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U) Director David Helgason sold 38,924 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $25.84, for a total value of $1,005,796.16. Following the transaction, the director now owns 7,750,646 shares of the company’s stock, valued at $200,276,692.64. This trade represents a 0.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

David Helgason also recently made the following trade(s):

• On Wednesday, February 26th, David Helgason sold 38,924 shares of Unity Software stock. The shares were sold at an average price of $26.92, for a total transaction of $1,047,834.08.
• On Tuesday, December 10th, David Helgason sold 7,860 shares of Unity Software stock. The shares were sold at an average price of $26.45, for a total transaction of $207,897.00.

Unity Software Stock Performance

Unity Software stock opened at $25.58 on Friday. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $30.88. The firm’s 50 day simple moving average is $22.82 and its 200-day simple moving average is $21.49. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The company has a market cap of $10.48 billion, a P/E ratio of -15.22 and a beta of 2.32.

Unity Software (NYSE:U) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.05. The firm had revenue of $457.10 million for the quarter, compared to analysts’ expectations of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. As a group, equities research analysts predict that Unity Software Inc. will post -1.25 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of U. Soviero Asset Management LP purchased a new position in Unity Software during the fourth quarter valued at approximately $2,247,000. Sphera Management Technology Funds Ltd acquired a new stake in shares of Unity Software during the 4th quarter valued at $1,128,000. Two Sigma Advisers LP purchased a new position in shares of Unity Software during the 4th quarter valued at $494,000. Two Sigma Investments LP acquired a new position in shares of Unity Software in the fourth quarter worth $22,999,000. Finally, Tidal Investments LLC increased its stake in shares of Unity Software by 32.6% in the fourth quarter. Tidal Investments LLC now owns 20,428 shares of the company’s stock worth $459,000 after acquiring an additional 5,018 shares during the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Benchmark upgraded shares of Unity Software from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. Wells Fargo & Company lifted their price target on Unity Software from $20.00 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, February 21st. Morgan Stanley upped their price objective on Unity Software from $26.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Wedbush reaffirmed an “outperform” rating and set a $27.00 target price on shares of Unity Software in a report on Thursday, February 13th. Finally, UBS Group upped their price target on shares of Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $25.04.

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.