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

Unity Software Inc. (NYSE:U) saw unusually large options trading on Thursday. Stock investors bought 218,639 call options on the stock. This is an increase of approximately 247% compared to the average daily volume of 63,044 call options.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on U. Needham & Company LLC boosted their price target on shares of Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Macquarie lifted their price target on shares of Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a research note on Friday, November 8th. Wells Fargo & Company started coverage on shares of Unity Software in a research note on Monday, October 28th. They issued an “equal weight” rating and a $20.00 price objective for the company. Morgan Stanley upgraded Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price target on the stock in a report on Tuesday, September 3rd. Finally, Wedbush boosted 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Unity Software currently has an average rating of “Hold” and a consensus target price of $23.35.

Unity Software Stock Up 4.9 %

U stock opened at $27.64 on Friday. The company’s 50 day simple moving average is $21.58 and its 200-day simple moving average is $18.78. The firm has a market capitalization of $11.13 billion, a PE ratio of -13.55 and a beta of 2.33. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. Unity Software has a 12 month low of $13.90 and a 12 month high of $43.54.

Insider Buying and Selling

In related news, Director Shlomo Dovrat sold 3,750 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $17.99, for a total value of $67,462.50. Following the transaction, the director now directly owns 2,394,935 shares of the company’s stock, valued at approximately $43,084,880.65. This represents a 0.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Felix The sold 30,000 shares of Unity Software stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $17.89, for a total value of $536,700.00. Following the completion of the sale, the senior vice president now directly owns 423,679 shares of the company’s stock, valued at $7,579,617.31. The trade was a 6.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 764,381 shares of company stock worth $16,140,023. Insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On Unity Software

Several large investors have recently added to or reduced their stakes in U. GAMMA Investing LLC boosted its position in shares of Unity Software by 343.8% in the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after buying an additional 949 shares during the period. Planning Capital Management Corp acquired a new position in Unity Software during the 3rd quarter worth approximately $34,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Unity Software by 163.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock worth $36,000 after acquiring an additional 1,389 shares during the period. Brooklyn Investment Group acquired a new stake in Unity Software in the third quarter valued at approximately $43,000. Finally, Blue Trust Inc. raised its stake in shares of Unity Software by 308.8% during the second quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock valued at $51,000 after purchasing an additional 2,359 shares during the period. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

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.