Marc Whitten Sells 6,021 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:UGet Rating) SVP Marc Whitten sold 6,021 shares of the firm’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $38.19, for a total transaction of $229,941.99. Following the completion of the transaction, the senior vice president now directly owns 264,777 shares of the company’s stock, valued at approximately $10,111,833.63. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Marc Whitten also recently made the following trade(s):

  • On Monday, May 2nd, Marc Whitten sold 3,433 shares of Unity Software stock. The stock was sold at an average price of $65.54, for a total transaction of $224,998.82.
  • On Friday, April 1st, Marc Whitten sold 2,283 shares of Unity Software stock. The stock was sold at an average price of $98.59, for a total transaction of $225,080.97.
  • On Monday, February 28th, Marc Whitten sold 10,775 shares of Unity Software stock. The shares were sold at an average price of $105.23, for a total transaction of $1,133,853.25.

NYSE U traded up $2.93 on Friday, reaching $41.25. The company’s stock had a trading volume of 153,355 shares, compared to its average volume of 5,645,872. The firm has a market cap of $12.21 billion, a PE ratio of -19.25 and a beta of 2.64. The business has a 50-day moving average price of $74.65 and a 200 day moving average price of $109.84. Unity Software Inc. has a 52 week low of $29.09 and a 52 week high of $210.00. The company has a current ratio of 3.53, a quick ratio of 3.53 and a debt-to-equity ratio of 0.72.

Unity Software (NYSE:UGet Rating) last posted its earnings results on Tuesday, May 10th. The company reported ($0.08) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.08). Unity Software had a negative net margin of 50.40% and a negative return on equity of 20.50%. The business had revenue of $320.13 million for the quarter, compared to analysts’ expectations of $321.17 million. During the same quarter in the previous year, the firm posted ($0.38) earnings per share. The firm’s revenue for the quarter was up 36.4% on a year-over-year basis. Analysts anticipate that Unity Software Inc. will post -1.64 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Kestra Private Wealth Services LLC lifted its position in shares of Unity Software by 40.8% during the first quarter. Kestra Private Wealth Services LLC now owns 2,565 shares of the company’s stock worth $254,000 after purchasing an additional 743 shares in the last quarter. Toroso Investments LLC lifted its position in shares of Unity Software by 162.3% during the first quarter. Toroso Investments LLC now owns 13,257 shares of the company’s stock worth $1,315,000 after purchasing an additional 8,203 shares in the last quarter. Capital World Investors lifted its position in shares of Unity Software by 40.3% during the first quarter. Capital World Investors now owns 1,666,605 shares of the company’s stock worth $165,344,000 after purchasing an additional 478,605 shares in the last quarter. Gabelli Funds LLC lifted its position in shares of Unity Software by 10.6% during the first quarter. Gabelli Funds LLC now owns 5,530 shares of the company’s stock worth $549,000 after purchasing an additional 530 shares in the last quarter. Finally, Nomura Holdings Inc. lifted its position in shares of Unity Software by 329.9% during the first quarter. Nomura Holdings Inc. now owns 19,095 shares of the company’s stock worth $1,889,000 after purchasing an additional 27,399 shares in the last quarter. Institutional investors own 75.48% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Wedbush decreased their target price on shares of Unity Software from $125.00 to $70.00 in a research note on Wednesday, May 11th. Piper Sandler decreased their target price on shares of Unity Software from $145.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, May 11th. Stifel Nicolaus decreased their target price on shares of Unity Software from $150.00 to $100.00 in a research note on Wednesday, May 11th. The Goldman Sachs Group decreased their target price on shares of Unity Software from $154.00 to $137.00 and set a “buy” rating for the company in a research note on Thursday, April 14th. Finally, BTIG Research reduced their price objective on shares of Unity Software from $171.00 to $154.00 in a research note on Friday, February 4th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $118.92.

Unity Software Company Profile (Get Rating)

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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