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

Unity Software Inc. (NYSE:U) Director David Helgason sold 38,924 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $26.92, for a total transaction of $1,047,834.08. Following the transaction, the director now owns 7,828,494 shares in the company, valued at approximately $210,743,058.48. The trade was a 0.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, February 28th, David Helgason sold 38,924 shares of Unity Software stock. The stock was sold at an average price of $25.84, for a total transaction of $1,005,796.16.
• 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 value of $207,897.00.

Unity Software Trading Down 2.3 %

Shares of U stock opened at $25.58 on Friday. The firm has a market cap of $10.48 billion, a P/E ratio of -15.22 and a beta of 2.32. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $30.88. The business has a 50-day moving average price of $22.82 and a two-hundred day moving average price of $21.49.

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

Analyst Ratings Changes

U has been the topic of several analyst reports. Needham & Company LLC lifted their target price on Unity Software from $26.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Wedbush reiterated an “outperform” rating and set a $27.00 target price on shares of Unity Software in a research note on Thursday, February 13th. Hsbc Global Res upgraded shares of Unity Software to a “strong-buy” rating in a research report on Friday, February 21st. UBS Group lifted their price objective on shares of Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Finally, HSBC raised shares of Unity Software from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Unity Software currently has an average rating of “Hold” and a consensus price target of $25.04.

Institutional Investors Weigh In On Unity Software

Institutional investors have recently bought and sold shares of the stock. Anderson Financial Strategies LLC purchased a new stake in Unity Software during the 4th quarter valued at $28,000. R Squared Ltd bought a new position in Unity Software during the 4th quarter valued at approximately $30,000. Principal Securities Inc. lifted its holdings in Unity Software by 50.5% in the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after buying an additional 477 shares during the period. Planning Capital Management Corp purchased a new position in shares of Unity Software during the 3rd quarter worth approximately $34,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Unity Software in the 4th quarter worth approximately $36,000. 73.46% of the stock is currently owned by hedge funds and other 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.