David Helgason Sells 7,860 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U) Director David Helgason sold 7,860 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $26.45, for a total transaction of $207,897.00. Following the transaction, the director now directly owns 10,493 shares in the company, valued at approximately $277,539.85. The trade was a 42.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, September 13th, David Helgason sold 250,000 shares of Unity Software stock. The shares were sold at an average price of $20.59, for a total transaction of $5,147,500.00.

Unity Software Stock Down 6.4 %

U stock opened at $24.45 on Friday. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $43.54. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The company has a market cap of $9.85 billion, a PE ratio of -11.98 and a beta of 2.33. The business’s 50-day simple moving average is $22.15 and its 200 day simple moving average is $19.04.

Institutional Trading of Unity Software

Several institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its position in Unity Software by 343.8% in the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after purchasing an additional 949 shares in the last quarter. Planning Capital Management Corp acquired a new position in shares of Unity Software in the 3rd quarter worth approximately $34,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Unity Software by 163.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock worth $36,000 after buying an additional 1,389 shares during the period. Brooklyn Investment Group acquired a new stake in Unity Software in the 3rd quarter valued at $43,000. Finally, Blue Trust Inc. grew its position in Unity Software by 308.8% in the second quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock valued at $51,000 after acquiring an additional 2,359 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wells Fargo & Company began coverage on Unity Software in a report on Monday, October 28th. They set an “equal weight” rating and a $20.00 target price on the stock. Stifel Nicolaus boosted their target price on Unity Software from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Barclays increased their price target on Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Wedbush boosted their price objective on shares of Unity Software from $21.00 to $27.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Finally, Morgan Stanley upgraded shares of Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 target price on the stock in a research note on Tuesday, September 3rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $23.35.

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.