Unity Software Inc. (NYSE:U) CMO Carol W. Carpenter Sells 2,000 Shares

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

Unity Software Stock Down 1.4 %

Shares of U traded down $0.35 during mid-day trading on Thursday, reaching $24.20. 3,199,729 shares of the stock traded hands, compared to its average volume of 9,602,682. The firm has a market cap of $9.46 billion, a price-to-earnings ratio of -11.16 and a beta of 2.39. The stock has a fifty day simple moving average of $26.35 and a 200 day simple moving average of $30.32. Unity Software Inc. has a 12-month low of $22.20 and a 12-month high of $50.08. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.85.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group raised their price target on shares of Unity Software from $29.00 to $32.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 9th. Wedbush reissued an “outperform” rating and issued a $33.50 target price on shares of Unity Software in a research report on Thursday. Citigroup decreased their target price on shares of Unity Software from $50.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, February 28th. Macquarie cut shares of Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 target price on the stock. in a research report on Monday, February 12th. Finally, Barclays decreased their target price on shares of Unity Software from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $37.03.

Institutional Trading of Unity Software

A number of hedge funds and other institutional investors have recently made changes to their positions in U. Norges Bank bought a new stake in shares of Unity Software in the fourth quarter worth $379,180,000. Capital Research Global Investors boosted its holdings in Unity Software by 510.2% in the fourth quarter. Capital Research Global Investors now owns 7,181,661 shares of the company’s stock worth $293,658,000 after purchasing an additional 6,004,655 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Unity Software by 30.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,509 shares of the company’s stock worth $317,984,000 after purchasing an additional 2,777,884 shares during the period. Eagle Asset Management Inc. acquired a new position in Unity Software in the third quarter worth $82,988,000. Finally, Vanguard Group Inc. boosted its holdings in Unity Software by 8.3% in the third quarter. Vanguard Group Inc. now owns 25,819,797 shares of the company’s stock worth $810,483,000 after purchasing an additional 1,972,435 shares during the period. 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.