Unity Software Inc. (NYSE:U) SVP Anirma Gupta Sells 456 Shares

Unity Software Inc. (NYSE:U) SVP Anirma Gupta sold 456 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $22.96, for a total transaction of $10,469.76. Following the transaction, the senior vice president now owns 575,355 shares of the company’s stock, valued at approximately $13,210,150.80. The trade was a 0.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Unity Software Stock Up 0.2 %

U stock traded up $0.04 during midday trading on Wednesday, reaching $22.00. 9,422,360 shares of the company’s stock traded hands, compared to its average volume of 12,358,286. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The firm’s fifty day moving average price is $23.02 and its 200-day moving average price is $19.98. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $35.56. The company has a market cap of $8.86 billion, a price-to-earnings ratio of -10.78 and a beta of 2.32.

Analyst Upgrades and Downgrades

U has been the subject of several recent analyst reports. Morgan Stanley increased their price objective on shares of Unity Software from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday. Oppenheimer reiterated a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. UBS Group boosted their price objective on Unity Software from $15.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Needham & Company LLC raised their target price on Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Barclays boosted their price target on Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $22.58.

Institutional Investors Weigh In On Unity Software

Hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its position in shares of Unity Software by 100.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock valued at $42,662,000 after acquiring an additional 944,709 shares during the last quarter. Erste Asset Management GmbH bought a new position in Unity Software in the 3rd quarter valued at $12,317,000. Monolith Management Ltd bought a new position in Unity Software in the 3rd quarter valued at $10,993,000. Weiss Asset Management LP purchased a new stake in shares of Unity Software during the 3rd quarter valued at $10,335,000. Finally, Geode Capital Management LLC raised its stake in shares of Unity Software by 9.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock worth $106,008,000 after purchasing an additional 413,474 shares during the period. 73.46% of the stock is owned by institutional investors.

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.