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

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

Analyst Ratings Changes

A number of brokerages have commented on U. Stifel Nicolaus raised their price objective on Unity Software from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Benchmark raised their price target on shares of Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a research report on Friday, November 8th. Wedbush raised their target price on Unity Software from $21.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Macquarie boosted their price target on shares of Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a report on Friday, November 8th. Finally, Needham & Company LLC boosted their target price on Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Unity Software has a consensus rating of “Hold” and an average target price of $22.21.

Unity Software Trading Up 9.1 %

U opened at $24.51 on Friday. 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 one year low of $13.90 and a one year high of $39.29. The firm has a market capitalization of $9.87 billion, a price-to-earnings ratio of -12.01 and a beta of 2.33. The business has a 50 day simple moving average of $22.57 and a two-hundred day simple moving average of $19.52.

Insider Buying and Selling at Unity Software

In related news, Director Tomer Bar-Zeev sold 250,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $17.52, for a total transaction of $4,380,000.00. Following the completion of the sale, the director now owns 4,248,146 shares of the company’s stock, valued at $74,427,517.92. This represents a 5.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Shlomo Dovrat sold 3,750 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $17.99, for a total value of $67,462.50. Following the completion of the sale, the director now directly owns 2,394,935 shares in the company, valued at approximately $43,084,880.65. This represents a 0.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 512,669 shares of company stock worth $11,225,869 over the last 90 days. Company insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Unity Software

Several hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in Unity Software by 9.7% in the third quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock worth $106,008,000 after buying an additional 413,474 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Unity Software by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,324,694 shares of the company’s stock valued at $37,806,000 after buying an additional 200,008 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Unity Software by 100.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock worth $42,662,000 after buying an additional 944,709 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Unity Software by 40.6% in the second quarter. Bank of New York Mellon Corp now owns 1,471,671 shares of the company’s stock worth $23,929,000 after acquiring an additional 424,806 shares during the period. Finally, Primecap Management Co. CA lifted its holdings in Unity Software by 7.1% in the third quarter. Primecap Management Co. CA now owns 811,994 shares of the company’s stock valued at $18,367,000 after acquiring an additional 53,541 shares during the period. 73.46% of the stock is currently owned by institutional investors.

About Unity Software

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.