Anirma Gupta Sells 927 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U) SVP Anirma Gupta sold 927 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $26.93, for a total transaction of $24,964.11. Following the transaction, the senior vice president now directly owns 387,743 shares of the company’s stock, valued at $10,441,918.99. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, January 29th, Anirma Gupta sold 756 shares of Unity Software stock. The stock was sold at an average price of $33.07, for a total transaction of $25,000.92.

Unity Software Stock Performance

NYSE:U opened at $27.00 on Thursday. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $10.42 billion, a price-to-earnings ratio of -12.50 and a beta of 2.44. The firm’s fifty day simple moving average is $30.50 and its 200 day simple moving average is $31.56. Unity Software Inc. has a twelve month low of $22.20 and a twelve month high of $50.08.

Unity Software (NYSE:U) last posted its earnings results on Monday, February 26th. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.89). The business had revenue of $609.27 million for the quarter, compared to analyst estimates of $551.01 million. Unity Software had a negative net margin of 37.64% and a negative return on equity of 10.14%. The business’s revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.50) EPS. As a group, equities research analysts expect that Unity Software Inc. will post -0.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Unity Software

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Unity Software by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 26,128,209 shares of the company’s stock worth $1,068,382,000 after buying an additional 308,412 shares in the last quarter. ARK Investment Management LLC lifted its holdings in Unity Software by 6.2% in the 4th quarter. ARK Investment Management LLC now owns 12,189,778 shares of the company’s stock worth $498,440,000 after buying an additional 712,579 shares in the last quarter. Norges Bank acquired a new position in Unity Software in the 4th quarter worth $379,180,000. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Unity Software by 14.7% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,131,625 shares of the company’s stock worth $373,392,000 after buying an additional 1,170,058 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. lifted its holdings in Unity Software by 15.9% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 8,539,489 shares of the company’s stock worth $349,094,000 after buying an additional 1,169,841 shares in the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. HSBC assumed coverage on shares of Unity Software in a research note on Monday, December 18th. They set a “hold” rating and a $37.00 price objective for the company. Stifel Nicolaus raised their price objective on shares of Unity Software from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Barclays lowered their target price on shares of Unity Software from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 27th. The Goldman Sachs Group lifted their target price on shares of Unity Software from $29.00 to $32.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 9th. Finally, William Blair reaffirmed an “outperform” rating on shares of Unity Software in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $37.03.

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.