Unity Software Inc. (NYSE:U) CEO John S. Riccitiello sold 209,999 shares of the business’s stock in a transaction on Monday, November 16th. The shares were sold at an average price of $108.43, for a total transaction of $22,770,191.57. Following the sale, the chief executive officer now owns 7,221,232 shares of the company’s stock, valued at $782,998,185.76. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
U opened at $122.80 on Friday. Unity Software Inc. has a 52 week low of $65.11 and a 52 week high of $124.18. The firm’s 50-day moving average is $99.19.
Unity Software (NYSE:U) last issued its earnings results on Thursday, November 12th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.06. The business had revenue of $200.80 million for the quarter, compared to analysts’ expectations of $186.85 million. Unity Software’s revenue was up 53.4% compared to the same quarter last year. On average, equities research analysts forecast that Unity Software Inc. will post -0.88 earnings per share for the current fiscal year.
U has been the subject of a number of research reports. Barclays began coverage on shares of Unity Software in a research note on Tuesday, October 13th. They set an “equal weight” rating and a $97.00 target price for the company. Stifel Nicolaus boosted their price objective on shares of Unity Software from $80.00 to $95.00 and gave the company a “hold” rating in a research report on Friday, November 13th. Oppenheimer started coverage on shares of Unity Software in a research report on Tuesday, October 13th. They set an “outperform” rating and a $103.00 price objective for the company. William Blair started coverage on shares of Unity Software in a report on Tuesday, October 13th. They issued an “outperform” rating for the company. Finally, Piper Sandler upped their target price on shares of Unity Software from $112.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, November 13th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $107.10.
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.
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