Unity Software Inc. (NYSE:U) Director David Helgason Sells 2,146 Shares of Stock

Unity Software Inc. (NYSE:U) Director David Helgason sold 2,146 shares of the business’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $26.11, for a total transaction of $56,032.06. Following the completion of the transaction, the director now owns 8,347 shares in the company, valued at $217,940.17. The trade was a 20.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

David Helgason also recently made the following trade(s):

• On Friday, June 6th, David Helgason sold 261,473 shares of Unity Software stock. The shares were sold at an average price of $25.70, for a total transaction of $6,719,856.10.

Unity Software Trading Up 1.0%

NYSE U opened at $25.05 on Friday. The firm has a 50 day moving average of $21.20 and a two-hundred day moving average of $22.40. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $10.41 billion, a PE ratio of -14.91 and a beta of 2.29.

Unity Software (NYSE:U) last issued its earnings results on Wednesday, May 7th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.38) by $0.19. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The business had revenue of $435.00 million during the quarter, compared to analysts’ expectations of $415.77 million. During the same quarter in the prior year, the business posted $0.28 EPS. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. As a group, research analysts expect that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Wedbush downgraded shares of Unity Software from a “strong-buy” rating to a “strong sell” rating in a research note on Wednesday, May 7th. Needham & Company LLC reduced their price target on shares of Unity Software from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Barclays reduced their price target on shares of Unity Software from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 8th. Citizens Jmp raised shares of Unity Software from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. Finally, Hsbc Global Res raised shares of Unity Software to a “strong-buy” rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $25.14.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of U. Choreo LLC boosted its stake in Unity Software by 14.0% during the 4th quarter. Choreo LLC now owns 10,940 shares of the company’s stock worth $246,000 after purchasing an additional 1,344 shares during the period. Newbridge Financial Services Group Inc. boosted its stake in Unity Software by 81.8% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 4,000 shares of the company’s stock worth $90,000 after purchasing an additional 1,800 shares during the period. V2 Financial group LLC acquired a new stake in Unity Software during the 4th quarter worth $225,000. Summit Trail Advisors LLC acquired a new stake in Unity Software during the 4th quarter worth $337,000. Finally, Augustine Asset Management Inc. acquired a new stake in Unity Software during the 4th quarter worth $337,000. Institutional investors and hedge funds 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.