Unity Software Inc. (NYSE:U) SVP Anirma Gupta Sells 456 Shares of Stock

Unity Software Inc. (NYSE:U) SVP Anirma Gupta sold 456 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $22.96, for a total transaction of $10,469.76. Following the sale, the senior vice president now owns 575,355 shares in the company, valued at $13,210,150.80. The trade was a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Unity Software Stock Up 0.2 %

Shares of NYSE:U opened at $22.00 on Thursday. The firm has a fifty day moving average of $23.02 and a 200 day moving average of $19.98. Unity Software Inc. has a 52-week low of $13.90 and a 52-week high of $35.56. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. UBS Group boosted their target price on shares of Unity Software from $15.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Benchmark increased their price objective on Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a report on Friday, November 8th. Morgan Stanley raised their target price on Unity Software from $24.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday. Jefferies Financial Group upped their price target on Unity Software from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, Needham & Company LLC raised their price objective on shares of Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Unity Software currently has a consensus rating of “Hold” and a consensus target price of $22.58.

Hedge Funds Weigh In On Unity Software

A number of large investors have recently modified their holdings of the company. GAMMA Investing LLC boosted its position in Unity Software by 33.6% during the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock valued at $37,000 after buying an additional 411 shares during the period. Farther Finance Advisors LLC lifted its position in Unity Software by 4.0% in the third quarter. Farther Finance Advisors LLC now owns 13,947 shares of the company’s stock valued at $315,000 after purchasing an additional 538 shares during the last quarter. Tidal Investments LLC increased its stake in shares of Unity Software by 4.9% in the third quarter. Tidal Investments LLC now owns 15,410 shares of the company’s stock worth $349,000 after buying an additional 723 shares during the period. Venturi Wealth Management LLC boosted its position in Unity Software by 28.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company’s stock valued at $89,000 after buying an additional 876 shares during the period. Finally, Intech Investment Management LLC increased its position in shares of Unity Software by 8.2% in the second quarter. Intech Investment Management LLC now owns 13,270 shares of the company’s stock valued at $216,000 after acquiring an additional 1,010 shares during the period. 73.46% of the stock is owned by hedge funds and other institutional investors.

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.