Insider Selling: Unity Software Inc. (NYSE:U) CMO Sells 32,238 Shares of Stock

Unity Software Inc. (NYSE:U – Get Rating) CMO Carol W. Carpenter sold 32,238 shares of Unity Software stock in a transaction on Monday, February 27th. The shares were sold at an average price of $30.27, for a total transaction of $975,844.26. Following the completion of the transaction, the chief marketing officer now owns 400,738 shares in the company, valued at $12,130,339.26. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Unity Software Trading Down 1.0 %

Shares of U stock opened at $29.42 on Friday. Unity Software Inc. has a twelve month low of $21.22 and a twelve month high of $109.99. The company has a market capitalization of $8.85 billion, a price-to-earnings ratio of -9.97 and a beta of 2.17. The firm has a 50-day moving average price of $33.05 and a 200 day moving average price of $34.38. The company has a current ratio of 2.34, a quick ratio of 3.41 and a debt-to-equity ratio of 0.77.

Hedge Funds Weigh In On Unity Software

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Unity Software by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 19,022,372 shares of the company’s stock valued at $606,053,000 after acquiring an additional 552,115 shares during the last quarter. ARK Investment Management LLC increased its stake in Unity Software by 22.7% in the third quarter. ARK Investment Management LLC now owns 11,263,159 shares of the company’s stock valued at $358,844,000 after purchasing an additional 2,087,448 shares during the last quarter. BlackRock Inc. lifted its position in Unity Software by 2.3% during the third quarter. BlackRock Inc. now owns 11,127,497 shares of the company’s stock worth $354,522,000 after buying an additional 250,855 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Unity Software by 8.5% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,083,364 shares of the company’s stock worth $225,676,000 after buying an additional 557,858 shares during the last quarter. Finally, Norges Bank purchased a new stake in Unity Software in the 4th quarter valued at about $157,766,000. Institutional investors and hedge funds own 82.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on U. Benchmark dropped their price target on shares of Unity Software to $16.00 in a research note on Tuesday, November 15th. BTIG Research cut Unity Software from a “buy” rating to a “neutral” rating in a report on Thursday, December 8th. Credit Suisse Group dropped their price objective on Unity Software from $71.00 to $67.00 and set an “outperform” rating on the stock in a report on Thursday, February 23rd. Stifel Nicolaus boosted their target price on shares of Unity Software from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, November 17th. Finally, The Goldman Sachs Group increased their price target on shares of Unity Software from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, February 15th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $39.79.

Unity Software Company Profile

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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.