Insider Selling: Unity Software Inc. (NYSE:U) Director Sells $6,719,856.10 in Stock

Unity Software Inc. (NYSE:U) Director David Helgason sold 261,473 shares of the firm’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $25.70, for a total transaction of $6,719,856.10. Following the completion of the sale, the director now directly owns 7,489,173 shares of the company’s stock, valued at approximately $192,471,746.10. This represents a 3.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Thursday, June 5th, David Helgason sold 2,146 shares of Unity Software stock. The stock was sold at an average price of $26.11, for a total transaction of $56,032.06.

Unity Software Price Performance

U stock opened at $25.05 on Monday. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88. 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 fifty day simple moving average of $21.20 and a two-hundred day simple moving average of $22.41. The firm has a market capitalization of $10.41 billion, a P/E ratio of -14.91 and a beta of 2.34.

Unity Software (NYSE:U) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.38) by $0.19. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The business had revenue of $435.00 million during the quarter, compared to analyst estimates of $415.77 million. During the same quarter last year, the business earned $0.28 earnings per share. Unity Software’s quarterly revenue was down 5.5% compared to the same quarter last year. Analysts anticipate that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on U. Hsbc Global Res upgraded shares of Unity Software to a “strong-buy” rating in a research note on Friday, February 21st. Wedbush lowered shares of Unity Software from a “strong-buy” rating to a “strong sell” rating in a research note on Wednesday, May 7th. Citizens Jmp upgraded shares of Unity Software from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. Jefferies Financial Group upgraded shares of Unity Software from a “hold” rating to a “buy” rating and boosted their target price for the company from $22.00 to $29.00 in a research report on Friday, May 30th. Finally, Benchmark upgraded shares of Unity Software from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Unity Software has an average rating of “Moderate Buy” and a consensus target price of $25.14.

Institutional Investors Weigh In On Unity Software

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cornerstone Planning Group LLC increased its stake in Unity Software by 30,300.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company’s stock worth $25,000 after buying an additional 1,212 shares during the period. Anderson Financial Strategies LLC purchased a new position in Unity Software during the 4th quarter valued at about $28,000. Banque Transatlantique SA bought a new stake in shares of Unity Software in the 1st quarter valued at about $28,000. Principal Securities Inc. boosted its holdings in shares of Unity Software by 50.5% in the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after buying an additional 477 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Unity Software in the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

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.