Alexander Blum Sells 2,541 Shares of Unity Software (NYSE:U) Stock

by · The Cerbat Gem

Unity Software Inc. (NYSE:U – Get Free Report) COO Alexander Blum sold 2,541 shares of the stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $18.76, for a total transaction of $47,669.16. Following the completion of the sale, the chief operating officer owned 548,425 shares of the company’s stock, valued at approximately $10,288,453. The trade was a 0.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Alexander Blum also recently made the following trade(s):

  • On Wednesday, February 25th, Alexander Blum sold 10,164 shares of Unity Software stock. The stock was sold at an average price of $18.07, for a total value of $183,663.48.

Unity Software Price Performance

Shares of U stock traded down $1.45 during trading hours on Friday, reaching $18.14. The company had a trading volume of 15,265,986 shares, compared to its average volume of 19,414,820. Unity Software Inc. has a 12-month low of $15.33 and a 12-month high of $52.15. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market capitalization of $7.85 billion, a price-to-earnings ratio of -18.89, a PEG ratio of 9.97 and a beta of 2.04. The stock has a fifty day moving average of $35.07 and a 200-day moving average of $38.67.

Unity Software (NYSE:U – Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The firm had revenue of $503.09 million for the quarter, compared to the consensus estimate of $490.64 million. Unity Software had a negative return on equity of 4.76% and a negative net margin of 21.77%.The firm’s revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.30) earnings per share. On average, equities analysts anticipate that Unity Software Inc. will post -1.25 earnings per share for the current year.

Wall Street Analyst Weigh In

U has been the subject of several recent analyst reports. Macquarie Infrastructure upgraded shares of Unity Software from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $33.00 to $50.00 in a research report on Friday, November 7th. Citizens Jmp cut their price target on shares of Unity Software from $50.00 to $37.00 and set a “market outperform” rating for the company in a report on Thursday, February 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Unity Software in a report on Wednesday, January 21st. BTIG Research lowered their price objective on Unity Software from $60.00 to $41.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Finally, Wedbush cut their target price on Unity Software from $37.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Unity Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.52.

View Our Latest Report on U

Hedge Funds Weigh In On Unity Software

Several hedge funds have recently bought and sold shares of U. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Unity Software by 5.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 813,176 shares of the company’s stock valued at $15,930,000 after acquiring an additional 45,481 shares during the period. Focus Partners Wealth acquired a new stake in shares of Unity Software during the first quarter worth about $260,000. Ethic Inc. acquired a new stake in shares of Unity Software during the second quarter worth about $286,000. AlphaQuest LLC boosted its stake in shares of Unity Software by 37.1% in the second quarter. AlphaQuest LLC now owns 6,806 shares of the company’s stock valued at $165,000 after purchasing an additional 1,840 shares during the period. Finally, Wealthfront Advisers LLC boosted its stake in shares of Unity Software by 2.9% in the second quarter. Wealthfront Advisers LLC now owns 22,281 shares of the company’s stock valued at $539,000 after purchasing an additional 631 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

About Unity Software

(Get Free Report)

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.

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