Insider Selling: Unity Software Inc. (NYSE:U) SVP Sells 456 Shares of Stock

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

Unity Software Stock Performance

U opened at $22.00 on Thursday. The company’s 50-day simple moving average is $23.02 and its two-hundred day simple moving average is $19.98. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. Unity Software Inc. has a 52-week low of $13.90 and a 52-week high of $35.56.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in U. GAMMA Investing LLC grew its position in Unity Software by 33.6% in the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock worth $37,000 after purchasing an additional 411 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Unity Software by 4.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 13,947 shares of the company’s stock valued at $315,000 after buying an additional 538 shares during the period. Tidal Investments LLC boosted its stake in shares of Unity Software by 4.9% in the 3rd quarter. Tidal Investments LLC now owns 15,410 shares of the company’s stock worth $349,000 after buying an additional 723 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Unity Software by 28.7% in the third 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 period. Finally, Intech Investment Management LLC increased its position in Unity Software by 8.2% during the second quarter. Intech Investment Management LLC now owns 13,270 shares of the company’s stock valued at $216,000 after acquiring an additional 1,010 shares during the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on U. Wells Fargo & Company started coverage on shares of Unity Software in a research report on Monday, October 28th. They issued an “equal weight” rating and a $20.00 target price on the stock. UBS Group upped their price objective on shares of Unity Software from $15.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Barclays lifted their target price on shares of Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Needham & Company LLC upped their price target on Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Morgan Stanley raised their price objective on Unity Software from $24.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Unity Software has an average rating of “Hold” and a consensus price target of $22.58.

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.