Anirma Gupta Sells 1,566 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U) SVP Anirma Gupta sold 1,566 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $15.88, for a total transaction of $24,868.08. Following the completion of the sale, the senior vice president now directly owns 362,644 shares in the company, valued at approximately $5,758,786.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Anirma Gupta also recently made the following trade(s):

• On Monday, April 29th, Anirma Gupta sold 1,037 shares of Unity Software stock. The shares were sold at an average price of $24.42, for a total value of $25,323.54.

Unity Software Stock Performance

Unity Software stock opened at $16.02 on Wednesday. The business’s 50-day simple moving average is $20.51 and its 200 day simple moving average is $27.96. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 12-month low of $15.23 and a 12-month high of $50.08.

Unity Software (NYSE:U) last released its earnings results on Thursday, May 9th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.13. The company had revenue of $460.38 million for the quarter, compared to the consensus estimate of $422.53 million. Unity Software had a negative net margin of 40.11% and a negative return on equity of 7.73%. On average, equities analysts predict that Unity Software Inc. will post -1.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on U. Needham & Company LLC reaffirmed a “buy” rating and issued a $31.00 price target on shares of Unity Software in a research note on Friday, May 10th. Wedbush restated an “outperform” rating and issued a $33.50 target price on shares of Unity Software in a research note on Friday, May 10th. Benchmark reiterated a “sell” rating and set a $16.00 target price on shares of Unity Software in a research report on Friday, May 10th. JMP Securities restated a “market perform” rating on shares of Unity Software in a research report on Friday, May 10th. Finally, Piper Sandler raised shares of Unity Software from an “underweight” rating to a “neutral” rating and dropped their price objective for the stock from $35.00 to $30.00 in a report on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Unity Software has an average rating of “Hold” and an average target price of $34.79.

Institutional Trading of Unity Software

Institutional investors have recently bought and sold shares of the business. Tradewinds Capital Management LLC grew its position in shares of Unity Software by 245.6% during the 1st quarter. Tradewinds Capital Management LLC now owns 985 shares of the company’s stock worth $26,000 after buying an additional 700 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in Unity Software during the fourth quarter valued at approximately $27,000. GAMMA Investing LLC bought a new stake in Unity Software in the fourth quarter valued at approximately $28,000. Benjamin F. Edwards & Company Inc. raised its holdings in Unity Software by 2,429.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company’s stock worth $28,000 after purchasing an additional 996 shares during the period. Finally, Pacifica Partners Inc. bought a new position in shares of Unity Software during the fourth quarter worth $33,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

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.