Unity Software Inc. (NYSE:U) CEO Sells $1,285,698.50 in Stock

Unity Software Inc. (NYSE:U) CEO John S. Riccitiello sold 43,583 shares of the business’s stock in a transaction that occurred on Saturday, June 27th. The shares were sold at an average price of $29.50, for a total value of $1,285,698.50. Following the transaction, the chief executive officer now directly owns 7,221,232 shares in the company, valued at approximately $213,026,344. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

U opened at $122.80 on Friday. The firm’s fifty day simple moving average is $99.19. Unity Software Inc. has a 52-week low of $65.11 and a 52-week high of $124.18.

Unity Software (NYSE:U) last issued its earnings results on Thursday, November 12th. The company reported ($0.09) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.06. The firm had revenue of $200.80 million during the quarter, compared to analysts’ expectations of $186.85 million. The company’s revenue for the quarter was up 53.4% on a year-over-year basis. As a group, equities analysts expect that Unity Software Inc. will post -0.88 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. Signaturefd LLC purchased a new stake in shares of Unity Software in the 3rd quarter worth $31,000. US Bancorp DE purchased a new stake in shares of Unity Software in the 3rd quarter worth $60,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Unity Software in the 3rd quarter worth $61,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Unity Software in the 3rd quarter worth $226,000. Finally, Glynn Capital Management LLC purchased a new stake in shares of Unity Software in the 3rd quarter worth $436,000.

Several equities analysts have recently weighed in on U shares. Barclays started coverage on Unity Software in a research report on Tuesday, October 13th. They set an “equal weight” rating and a $97.00 target price on the stock. The Goldman Sachs Group started coverage on Unity Software in a research report on Tuesday, October 13th. They set a “buy” rating and a $100.00 target price on the stock. Berenberg Bank started coverage on Unity Software in a research report on Thursday, October 8th. They set a “buy” rating and a $105.00 target price on the stock. Bank of America started coverage on Unity Software in a research report on Tuesday, October 13th. They set a “neutral” rating and a $96.00 target price on the stock. Finally, Piper Sandler boosted their price objective on Unity Software from $112.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, November 13th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus 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.

Featured Story: Understanding Specialty Certificates of Deposit

Receive News & Ratings for Unity Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unity Software and related companies with MarketBeat.com's FREE daily email newsletter.