Unity Software (NYSE:U) Director David Helgason Sells 306,688 Shares of Stock

Unity Software Inc. (NYSE:U) Director David Helgason sold 306,688 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $50.16, for a total transaction of $15,383,470.08. Following the completion of the transaction, the director owned 5,832,485 shares in the company, valued at $292,557,447.60. This represents a 5.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, December 11th, David Helgason sold 393,312 shares of Unity Software stock. The shares were sold at an average price of $49.64, for a total value of $19,524,007.68.
• On Thursday, December 11th, David Helgason sold 8,347 shares of Unity Software stock. The stock was sold at an average price of $49.16, for a total value of $410,338.52.

Unity Software Trading Down 6.1%

NYSE:U opened at $46.24 on Friday. The stock has a market cap of $19.78 billion, a price-to-earnings ratio of -44.03 and a beta of 2.04. Unity Software Inc. has a one year low of $15.33 and a one year high of $52.15. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.78 and a current ratio of 2.78. The business’s 50-day simple moving average is $39.90 and its 200 day simple moving average is $35.82.

Unity Software (NYSE:U) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.03. Unity Software had a negative return on equity of 9.45% and a negative net margin of 24.15%.The company had revenue of $470.62 million for the quarter, compared to the consensus estimate of $452.87 million. During the same period in the previous year, the business earned ($0.31) EPS. Unity Software’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, sell-side analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

U has been the topic of several recent analyst reports. Hsbc Global Res cut shares of Unity Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Citigroup upped their target price on shares of Unity Software from $50.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Barclays increased their price target on shares of Unity Software from $30.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft assumed coverage on Unity Software in a report on Wednesday, October 22nd. They issued a “hold” rating and a $39.00 price objective for the company. Finally, Wall Street Zen raised Unity Software from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $43.04.

Institutional Investors Weigh In On Unity Software

Institutional investors and hedge funds have recently bought and sold shares of the business. Jefferies Financial Group Inc. bought a new stake in Unity Software during the 2nd quarter valued at $205,000. Forum Financial Management LP acquired a new position in shares of Unity Software during the second quarter valued at $256,000. Austin Wealth Management LLC bought a new stake in shares of Unity Software during the second quarter valued at about $208,000. PNC Financial Services Group Inc. lifted its holdings in Unity Software by 148.2% in the second quarter. PNC Financial Services Group Inc. now owns 22,181 shares of the company’s stock worth $537,000 after purchasing an additional 13,245 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Unity Software in the 2nd quarter valued at about $232,000. 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.