Insider Selling: Unity Software Inc. (NYSE:U) SVP Sells 11,719 Shares of Stock

Unity Software Inc. (NYSE:U) SVP Felix The sold 11,719 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $24.39, for a total transaction of $285,826.41. Following the sale, the senior vice president now owns 411,960 shares in the company, valued at approximately $10,047,704.40. This trade represents a 2.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Felix The also recently made the following trade(s):

• On Thursday, September 12th, Felix The sold 30,000 shares of Unity Software stock. The shares were sold at an average price of $17.89, for a total value of $536,700.00.

Unity Software Stock Performance

Shares of NYSE U opened at $23.37 on Wednesday. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $43.54. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The stock has a fifty day moving average price of $21.11 and a two-hundred day moving average price of $18.61. The firm has a market cap of $9.41 billion, a P/E ratio of -11.45 and a beta of 2.29.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of U. Farther Finance Advisors LLC boosted its holdings in Unity Software by 4.0% during the third quarter. Farther Finance Advisors LLC now owns 13,947 shares of the company’s stock worth $315,000 after buying an additional 538 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Unity Software by 31.6% during the 1st quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock worth $62,000 after acquiring an additional 562 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Unity Software by 4.9% during the 3rd quarter. Tidal Investments LLC now owns 15,410 shares of the company’s stock worth $349,000 after acquiring an additional 723 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Unity Software by 28.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company’s stock worth $89,000 after acquiring an additional 876 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Unity Software by 343.8% during the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after purchasing an additional 949 shares during the period. Institutional investors own 73.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Oppenheimer reissued a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. JMP Securities reissued a “market perform” rating on shares of Unity Software in a report on Friday, September 13th. Macquarie increased their price objective on shares of Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a report on Friday, November 8th. Wells Fargo & Company began coverage on shares of Unity Software in a research note on Monday, October 28th. They set an “equal weight” rating and a $20.00 target price for the company. Finally, Barclays upped their target price on shares of Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $23.35.

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.