Unity Software Inc. (NYSE:U) SVP Sells $10,469.76 in Stock

Unity Software Inc. (NYSE:U) SVP Anirma Gupta sold 456 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $22.96, for a total transaction of $10,469.76. Following the completion of the transaction, the senior vice president now directly owns 575,355 shares of the company’s stock, valued at $13,210,150.80. The trade was a 0.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Unity Software Trading Down 0.1 %

Shares of NYSE:U opened at $21.73 on Friday. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $35.56. The stock has a 50-day simple moving average of $23.02 and a 200-day simple moving average of $20.00. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70.

Institutional Investors Weigh In On Unity Software

Several large investors have recently made changes to their positions in U. Charles Schwab Investment Management Inc. boosted its position in shares of Unity Software by 100.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock worth $42,662,000 after buying an additional 944,709 shares during the period. Magnetar Financial LLC purchased a new position in Unity Software in the 2nd quarter worth approximately $2,535,000. CIBC Asset Management Inc grew its position in Unity Software by 2,665.4% in the third quarter. CIBC Asset Management Inc now owns 342,472 shares of the company’s stock valued at $7,747,000 after acquiring an additional 330,088 shares in the last quarter. LMR Partners LLP purchased a new stake in shares of Unity Software during the third quarter valued at approximately $611,000. Finally, Edgestream Partners L.P. raised its stake in shares of Unity Software by 637.9% during the third quarter. Edgestream Partners L.P. now owns 102,899 shares of the company’s stock valued at $2,328,000 after purchasing an additional 88,955 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on U shares. Wells Fargo & Company began coverage on shares of Unity Software in a research report on Monday, October 28th. They issued an “equal weight” rating and a $20.00 price objective for the company. Barclays boosted their price target on Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Oppenheimer restated a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. Jefferies Financial Group upped their target price on Unity Software from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, Benchmark raised their price target on Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Unity Software presently has a consensus rating of “Hold” and an average target price of $22.58.

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.