Investors Buy Large Volume of Unity Software Call Options (NYSE:U)

Unity Software Inc. (NYSE:U – Get Free Report) was the target of unusually heavy options trading on Wednesday. Investors acquired 97,830 call options on the stock. This represents an increase of 56% compared to the average daily volume of 62,520 call options.

Unity Software Stock Performance

Shares of U stock opened at $21.64 on Thursday. 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 company has a fifty day simple moving average of $20.84 and a two hundred day simple moving average of $18.67. Unity Software has a 12-month low of $13.90 and a 12-month high of $43.54. The company has a market cap of $8.72 billion, a price-to-earnings ratio of -10.61 and a beta of 2.29.

Buying and selling with insider information

In other news, Director Shlomo Dovrat sold 3,750 shares of the company’s stock in a transaction dated Monday, November 18th. The stock sold at an average price of $17.99, for a total transaction of $67,462.50. Following the sale, the director now directly owns 2,394,935 shares in the company, valued at approximately $43,084,880.65. The transaction represented a 0.16% decrease in their ownership of the shares. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Felix The sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares sold at an average price of $17.89, for a total value of $536,700.00. Following the completion of the transaction, the senior vice president now directly owns 423,679 shares of the company’s stock, valued at $7,579,617.31. This means a decrease in their position of 6.61%. The explanation of this sale can be found here. Insiders have sold a total of 534,550 shares of the company’s stock worth $10,148,127 over the last ninety days. 6.30% of the shares are owned by insiders.

Institutional investors are considering Unity software

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its stake in Unity Software by 9.6% in the first quarter. Russell Investments Group Ltd. now owns 12,752 shares of the company worth $340,000 after purchasing an additional 1,113 shares in the last quarter. Vanguard Group Inc. increased its stake in Unity Software shares by 0.8% in the first quarter. Vanguard Group Inc. now owns 26,336,775 shares of the company’s stock valued at $703,192,000 after purchasing an additional 208,566 shares during the last quarter. UniSuper Management Pty Ltd increased its position in Unity Software shares by 105.9% during the first quarter. UniSuper Management Pty Ltd now owns 3,500 shares of the company, valued at $93,000, after purchasing an additional 1,800 shares in the last quarter. Natixis bought a new position in Unity Software during the first quarter worth approximately $2,843,000. Finally, EntryPoint Capital LLC bought a new stake in Unity Software in the first quarter worth approximately $65,000. 73.46% of the shares are held by institutional investors.

Analyst upgrades and downgrades

You have been the subject of several analyst reports. Wedbush raised their price objective on shares of Unity Software from $21.00 to $27.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. JMP Securities reissued a “market perform” rating on shares of Unity Software in a research note on Friday, September 13th. Benchmark raised their price objective on Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a research note on Friday, November 8. UBS Group raised their target price on Unity Software from $15.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, October 18. Finally, Needham & Company LLC raised their price target on shares of Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, November 8. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $23.35.

Read our latest research report on Unity software

Unity Software Company Profile

(Get a free report)

Unity Software Inc operates a real-time 3D development platform. The platform provides software solutions for creating, running and generating 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 stores 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 .

See also

Get daily news and reviews for Unity Software – Enter your email address below to receive a daily digest of the latest news and analyst ratings for Unity Software and related companies with MarketBeat.com’s FREE daily email newsletter.