Unity Software Sees Unusually High Options Volume (NYSE:U)

Unity Software Inc. (NYSE:U) was the recipient of unusually large options trading activity on Thursday. Stock investors acquired 97,389 call options on the company. This represents an increase of approximately 43% compared to the typical volume of 67,962 call options.

Insider Buying and Selling

In other Unity Software news, SVP Felix The sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $27.43, for a total transaction of $548,600.00. Following the completion of the transaction, the senior vice president now owns 391,960 shares in the company, valued at $10,751,462.80. The trade was a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $17.52, for a total value of $4,380,000.00. Following the completion of the sale, the director now owns 4,248,146 shares in the company, valued at approximately $74,427,517.92. The trade was a 5.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 512,669 shares of company stock worth $11,225,869. 6.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Unity Software

A number of large investors have recently added to or reduced their stakes in U. GAMMA Investing LLC boosted its holdings in shares of Unity Software by 343.8% during the 3rd 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 last quarter. Planning Capital Management Corp acquired a new stake in Unity Software in the 3rd quarter valued at approximately $34,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Unity Software by 163.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after buying an additional 1,389 shares during the period. Brooklyn Investment Group purchased a new stake in Unity Software during the third quarter worth about $43,000. Finally, Acadian Asset Management LLC acquired a new stake in Unity Software during the 2nd quarter worth approximately $82,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on U shares. Stifel Nicolaus raised their price objective on Unity Software from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Macquarie upped their price target on Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a research report on Friday, November 8th. Oppenheimer reiterated a “market perform” rating on shares of Unity Software in a research note on Friday, October 18th. JMP Securities restated a “market perform” rating on shares of Unity Software in a research note on Friday, September 13th. Finally, Wells Fargo & Company initiated coverage on 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $22.21.

Unity Software Stock Performance

Shares of U stock opened at $24.51 on Friday. Unity Software has a 12-month low of $13.90 and a 12-month high of $39.29. The company has a market capitalization of $9.87 billion, a P/E ratio of -12.01 and a beta of 2.33. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The business’s 50 day moving average is $22.57 and its two-hundred day moving average is $19.52.

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.