Investors Purchase High Volume of Unity Software Call Options (NYSE:U)

Unity Software Inc. (NYSE:U) was the recipient of some unusual options trading on Wednesday. Investors acquired 97,830 call options on the company. This represents an increase of 56% compared to the average volume of 62,520 call options.

Insider Buying and Selling at Unity Software

In other Unity Software news, Director David Helgason sold 250,000 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $20.59, for a total value of $5,147,500.00. Following the transaction, the director now owns 8,201,851 shares of the company’s stock, valued at approximately $168,876,112.09. The trade was a 2.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Felix The sold 30,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $17.89, for a total transaction of $536,700.00. Following the transaction, the senior vice president now owns 423,679 shares in the company, valued at approximately $7,579,617.31. This trade represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 534,550 shares of company stock worth $10,148,127 over the last three months. Company insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Unity Software

A number of institutional investors have recently made changes to their positions in U. GAMMA Investing LLC raised its stake in Unity Software by 343.8% in the 3rd 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 stake in shares of Unity Software in the third quarter valued at approximately $34,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Unity Software by 163.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after buying an additional 1,389 shares during the period. Brooklyn Investment Group acquired a new stake in Unity Software during the third quarter worth approximately $43,000. Finally, Blue Trust Inc. increased its stake in Unity Software by 308.8% during the 2nd quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock worth $51,000 after acquiring an additional 2,359 shares during the period. Institutional investors own 73.46% of the company’s stock.

Unity Software Price Performance

Shares of NYSE U opened at $21.64 on Thursday. Unity Software has a twelve month low of $13.90 and a twelve month high of $43.54. The company has a market cap of $8.72 billion, a PE ratio of -10.61 and a beta of 2.29. The business’s 50 day moving average price is $20.84 and its two-hundred day moving average price is $18.67. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70.

Wall Street Analysts Forecast Growth

U has been the topic of a number of recent analyst reports. Barclays raised their target price on Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. UBS Group upped their target price on shares of Unity Software from $15.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Needham & Company LLC lifted their price target on shares of Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Stifel Nicolaus upped their price objective on shares of Unity Software from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Finally, Benchmark lifted their target price on Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Unity Software presently has an average rating of “Hold” and an average target price of $23.35.

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.