Insider Selling: Unity Software Inc. (NYSE:U) SVP Sells 5,487 Shares of Stock
Unity Software Inc. (NYSE:U – Get Rating) SVP Marc Whitten sold 5,487 shares of the firm’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $41.01, for a total value of $225,021.87. Following the completion of the transaction, the senior vice president now owns 259,290 shares of the company’s stock, valued at approximately $10,633,482.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Marc Whitten also recently made the following trade(s):
- On Thursday, May 26th, Marc Whitten sold 6,021 shares of Unity Software stock. The shares were sold at an average price of $38.19, for a total value of $229,941.99.
- On Monday, May 2nd, Marc Whitten sold 3,433 shares of Unity Software stock. The shares were sold at an average price of $65.54, for a total value of $224,998.82.
- On Friday, April 1st, Marc Whitten sold 2,283 shares of Unity Software stock. The shares were sold at an average price of $98.59, for a total value of $225,080.97.
Shares of NYSE U traded up $3.86 during midday trading on Thursday, hitting $42.33. The stock had a trading volume of 111,576 shares, compared to its average volume of 12,023,934. The company has a market capitalization of $12.53 billion, a price-to-earnings ratio of -19.48 and a beta of 2.75. Unity Software Inc. has a 1-year low of $29.09 and a 1-year high of $210.00. The company has a quick ratio of 3.53, a current ratio of 3.53 and a debt-to-equity ratio of 0.72. The company has a fifty day moving average price of $68.96 and a 200 day moving average price of $105.04.
Unity Software (NYSE:U – Get Rating) last released its quarterly earnings data on Tuesday, May 10th. The company reported ($0.08) earnings per share for the quarter, meeting the consensus estimate of ($0.08). The business had revenue of $320.13 million for the quarter, compared to analyst estimates of $321.17 million. Unity Software had a negative return on equity of 20.50% and a negative net margin of 50.40%. The company’s revenue was up 36.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.38) EPS. On average, research analysts forecast that Unity Software Inc. will post -1.64 EPS for the current year.
Several large investors have recently made changes to their positions in the stock. SC US Ttgp LTD. raised its holdings in shares of Unity Software by 5.5% during the 1st quarter. SC US Ttgp LTD. now owns 24,652,204 shares of the company’s stock valued at $2,445,745,000 after buying an additional 1,290,472 shares during the period. Vanguard Group Inc. increased its holdings in Unity Software by 17.2% during the 1st quarter. Vanguard Group Inc. now owns 17,279,116 shares of the company’s stock worth $1,714,261,000 after purchasing an additional 2,531,507 shares during the last quarter. Morgan Stanley increased its holdings in Unity Software by 55.4% during the 3rd quarter. Morgan Stanley now owns 14,458,990 shares of the company’s stock worth $1,825,446,000 after purchasing an additional 5,156,313 shares during the last quarter. BlackRock Inc. increased its holdings in Unity Software by 3.1% during the 1st quarter. BlackRock Inc. now owns 8,428,171 shares of the company’s stock worth $836,158,000 after purchasing an additional 252,285 shares during the last quarter. Finally, ARK Investment Management LLC increased its holdings in Unity Software by 6.3% during the 1st quarter. ARK Investment Management LLC now owns 8,244,223 shares of the company’s stock worth $817,909,000 after purchasing an additional 486,068 shares during the last quarter. Institutional investors and hedge funds own 75.48% of the company’s stock.
A number of analysts recently commented on U shares. Stifel Nicolaus decreased their price objective on Unity Software from $150.00 to $100.00 in a research note on Wednesday, May 11th. Piper Sandler decreased their price objective on Unity Software from $145.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 11th. Daiwa Capital Markets lowered Unity Software from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $110.00 to $34.00 in a research note on Wednesday, May 11th. Citigroup started coverage on Unity Software in a research note on Thursday, April 7th. They set a “buy” rating and a $125.00 price objective on the stock. Finally, Wedbush decreased their price target on Unity Software from $125.00 to $70.00 in a research note on Wednesday, May 11th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $118.92.
About Unity Software (Get Rating)
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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