Unity Software (NYSE:U) SVP Rebecca Berenice Boyden Sells 1,032 Shares of Stock

Unity Software Inc. (NYSE:U) SVP Rebecca Berenice Boyden sold 1,032 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $45.32, for a total value of $46,770.24. Following the transaction, the senior vice president owned 308,413 shares in the company, valued at approximately $13,977,277.16. This trade represents a 0.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Unity Software Stock Performance

U opened at $44.15 on Thursday. The firm has a market cap of $19.43 billion, a P/E ratio of -32.46, a price-to-earnings-growth ratio of 1.97 and a beta of 2.04. Unity Software Inc. has a 52-week low of $16.78 and a 52-week high of $52.15. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.03 and a current ratio of 2.03. The business’s fifty day moving average is $34.53 and its 200-day moving average is $27.50.

Unity Software (NYSE:U) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.39. Unity Software had a positive return on equity of 4.64% and a negative net margin of 28.97%.The business had revenue of $546.47 million during the quarter, compared to the consensus estimate of $514.72 million. During the same quarter in the previous year, the firm earned $0.18 earnings per share. Unity Software’s revenue for the quarter was up 24.0% compared to the same quarter last year. Sell-side analysts expect that Unity Software Inc. will post 0.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on U. Citigroup lifted their price target on Unity Software from $40.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Bank of America raised Unity Software from a “neutral” rating to a “buy” rating and raised their price objective for the company from $30.00 to $50.00 in a research note on Friday, August 7th. Citizens Jmp increased their target price on shares of Unity Software from $37.00 to $45.00 and gave the stock a “market outperform” rating in a report on Friday, August 7th. Raymond James Financial initiated coverage on shares of Unity Software in a research note on Monday, June 29th. They issued a “market perform” rating on the stock. Finally, Wedbush lifted their price target on shares of Unity Software from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $45.16.

Institutional Investors Weigh In On Unity Software

Several hedge funds have recently modified their holdings of U. Amundi boosted its stake in shares of Unity Software by 4.7% during the second quarter. Amundi now owns 2,334,695 shares of the company’s stock valued at $66,726,000 after purchasing an additional 105,268 shares in the last quarter. HighTower Advisors LLC grew its holdings in Unity Software by 5.9% during the 2nd quarter. HighTower Advisors LLC now owns 49,198 shares of the company’s stock worth $1,406,000 after acquiring an additional 2,762 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Unity Software in the 2nd quarter valued at approximately $600,000. California State Teachers Retirement System raised its stake in shares of Unity Software by 2,948.2% during the second quarter. California State Teachers Retirement System now owns 11,202,931 shares of the company’s stock valued at $320,180,000 after acquiring an additional 10,835,410 shares during the last quarter. Finally, Greenland Capital Management LP acquired a new position in shares of Unity Software during the second quarter worth $569,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Unity Software Company Profile

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.