Unity Software Inc. (NYSE:U) SVP Sells $4,465,512.00 in Stock

Unity Software Inc. (NYSE:U) SVP Ruth Ann Keene sold 40,968 shares of the stock in a transaction that occurred on Monday, November 16th. The stock was sold at an average price of $109.00, for a total value of $4,465,512.00. Following the completion of the transaction, the senior vice president now owns 84,718 shares of the company’s stock, valued at $9,234,262. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Unity Software stock opened at $122.80 on Friday. The business’s 50 day moving average is $99.19. Unity Software Inc. has a 12 month low of $65.11 and a 12 month high of $124.18.

Unity Software (NYSE:U) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $186.85 million. The company’s revenue for the quarter was up 53.4% compared to the same quarter last year. As a group, research analysts forecast that Unity Software Inc. will post -0.88 EPS for the current fiscal year.

Several brokerages recently weighed in on U. Berenberg Bank initiated coverage on Unity Software in a research report on Thursday, October 8th. They issued a “buy” rating and a $105.00 price objective for the company. Credit Suisse Group started coverage on Unity Software in a research report on Tuesday, October 13th. They issued an “outperform” rating and a $120.00 target price for the company. DA Davidson lifted their target price on Unity Software from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, November 16th. Wedbush started coverage on Unity Software in a research report on Tuesday, October 13th. They issued an “outperform” rating and a $125.00 target price for the company. Finally, The Goldman Sachs Group started coverage on Unity Software in a research report on Tuesday, October 13th. They issued a “buy” rating and a $100.00 target price for the company. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Unity Software presently has an average rating of “Buy” and an average price target of $107.10.

A number of large investors have recently bought and sold shares of U. Signaturefd LLC acquired a new position in Unity Software during the third quarter worth about $31,000. US Bancorp DE acquired a new position in shares of Unity Software in the third quarter valued at approximately $60,000. Flagship Harbor Advisors LLC acquired a new position in shares of Unity Software in the third quarter valued at approximately $61,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Unity Software in the third quarter valued at approximately $226,000. Finally, Glynn Capital Management LLC acquired a new position in shares of Unity Software in the third quarter valued at approximately $436,000.

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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