Unity Software Inc. (NYSE:U) CMO Sells $48,360.00 in Stock

Unity Software Inc. (NYSE:U) CMO Carol W. Carpenter sold 2,000 shares of Unity Software stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $24.18, for a total value of $48,360.00. Following the completion of the sale, the chief marketing officer now owns 442,617 shares of the company’s stock, valued at $10,702,479.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Unity Software Stock Down 1.4 %

Shares of NYSE:U traded down $0.35 during trading on Thursday, hitting $24.20. 3,199,729 shares of the company’s stock traded hands, compared to its average volume of 9,602,682. Unity Software Inc. has a 52 week low of $22.20 and a 52 week high of $50.08. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.85. The company has a market cap of $9.46 billion, a price-to-earnings ratio of -11.16 and a beta of 2.39. The company has a 50-day moving average price of $26.35 and a 200-day moving average price of $30.32.

Unity Software (NYSE:U) last released its quarterly earnings data on Monday, February 26th. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.89). Unity Software had a negative net margin of 37.64% and a negative return on equity of 10.14%. The business had revenue of $609.27 million for the quarter, compared to the consensus estimate of $551.01 million. During the same quarter last year, the firm earned ($0.50) EPS. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. As a group, research analysts forecast that Unity Software Inc. will post -0.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on U shares. Stifel Nicolaus lifted their price objective on Unity Software from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Citigroup lowered their price objective on Unity Software from $50.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Needham & Company LLC lowered their price objective on Unity Software from $40.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday, February 27th. Wedbush reiterated an “outperform” rating and issued a $33.50 price objective on shares of Unity Software in a research report on Thursday. Finally, Barclays lowered their price objective on Unity Software from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Unity Software currently has an average rating of “Hold” and an average price target of $37.03.

Hedge Funds Weigh In On Unity Software

Institutional investors have recently modified their holdings of the business. Tradewinds Capital Management LLC lifted its stake in Unity Software by 245.6% in the 1st quarter. Tradewinds Capital Management LLC now owns 985 shares of the company’s stock valued at $26,000 after acquiring an additional 700 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Unity Software in the 4th quarter valued at approximately $27,000. Huntington National Bank lifted its stake in Unity Software by 665.0% in the 3rd quarter. Huntington National Bank now owns 895 shares of the company’s stock valued at $28,000 after acquiring an additional 778 shares in the last quarter. GAMMA Investing LLC bought a new stake in Unity Software in the 4th quarter valued at approximately $28,000. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in Unity Software by 2,429.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company’s stock valued at $28,000 after acquiring an additional 996 shares in the last quarter. Institutional investors own 73.46% of the company’s stock.

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.