Insider Selling: Unity Software Inc. (NYSE:U) Director Sells 800 Shares of Stock

Unity Software Inc. (NYSE:U) Director Michelle K. Lee sold 800 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $18.02, for a total transaction of $14,416.00. Following the completion of the sale, the director now directly owns 8,815 shares of the company’s stock, valued at $158,846.30. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Unity Software Stock Performance

Shares of U opened at $16.21 on Monday. The business’s 50-day moving average is $17.79 and its 200-day moving average is $25.10. Unity Software Inc. has a fifty-two week low of $15.15 and a fifty-two week high of $47.60. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.13. Unity Software had a negative return on equity of 7.73% and a negative net margin of 40.11%. The firm had revenue of $460.38 million for the quarter, compared to the consensus estimate of $422.53 million. On average, analysts anticipate that Unity Software Inc. will post -1.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Unity Software

A number of hedge funds have recently added to or reduced their stakes in U. Tradewinds Capital Management LLC increased its holdings in Unity Software by 245.6% in the first quarter. Tradewinds Capital Management LLC now owns 985 shares of the company’s stock worth $26,000 after buying an additional 700 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Unity Software in the fourth quarter worth approximately $27,000. GAMMA Investing LLC acquired a new position in Unity Software during the fourth quarter valued at approximately $28,000. Benjamin F. Edwards & Company Inc. grew its holdings in Unity Software by 2,429.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company’s stock valued at $28,000 after purchasing an additional 996 shares during the last quarter. Finally, Principal Securities Inc. acquired a new position in Unity Software during the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on U shares. The Goldman Sachs Group cut their price target on shares of Unity Software from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Monday, May 13th. Benchmark reissued a “sell” rating and issued a $16.00 price target on shares of Unity Software in a report on Friday, May 10th. Stifel Nicolaus cut their price target on shares of Unity Software from $30.00 to $25.00 and set a “buy” rating for the company in a report on Monday, June 10th. Wedbush reaffirmed an “outperform” rating and set a $33.50 price objective on shares of Unity Software in a research note on Friday, May 10th. Finally, Macquarie reduced their price objective on shares of Unity Software from $20.00 to $14.00 and set an “underperform” rating for the company in a research note on Thursday, June 27th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $33.47.

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.