Insider Selling: Unity Software Inc. (NYSE:U) CEO Sells $666,500.00 in Stock

Unity Software Inc. (NYSE:U) CEO John S. Riccitiello sold 21,500 shares of Unity Software stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $31.00, for a total value of $666,500.00. Following the completion of the sale, the chief executive officer now directly owns 7,221,232 shares in the company, valued at approximately $223,858,192. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Unity Software stock opened at $122.80 on Friday. Unity Software Inc. has a 52 week low of $65.11 and a 52 week high of $124.18. The stock’s 50-day simple moving average is $99.19.

Unity Software (NYSE:U) last posted its quarterly earnings results on Thursday, November 12th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.06. The business had revenue of $200.80 million for the quarter, compared to the consensus estimate of $186.85 million. The company’s quarterly revenue was up 53.4% compared to the same quarter last year. On average, analysts forecast that Unity Software Inc. will post -0.88 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the stock. Scge Management L.P. bought a new position in Unity Software during the third quarter worth about $87,280,000. Jane Street Group LLC bought a new position in Unity Software during the third quarter worth about $5,194,000. Point72 Hong Kong Ltd bought a new position in Unity Software during the third quarter worth about $1,385,000. JS Capital Management LLC bought a new stake in shares of Unity Software during the third quarter worth approximately $5,237,000. Finally, Dragoneer Investment Group LLC bought a new stake in shares of Unity Software during the third quarter worth approximately $87,280,000.

Several analysts have issued reports on U shares. Wedbush started coverage on Unity Software in a research note on Tuesday, October 13th. They issued an “outperform” rating and a $125.00 price target on the stock. Stifel Nicolaus lifted their price target on Unity Software from $80.00 to $95.00 and gave the company a “hold” rating in a research note on Friday, November 13th. TD Securities raised Unity Software to a “buy” rating in a research note on Friday, September 25th. William Blair initiated coverage on Unity Software in a research report on Tuesday, October 13th. They issued an “outperform” rating on the stock. Finally, Barclays initiated coverage on Unity Software in a research report on Tuesday, October 13th. They issued an “equal weight” rating and a $97.00 target price on the stock. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $107.10.

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.

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