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

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

Unity Software Stock Performance

NYSE:U opened at $24.09 on Friday. The firm has a market cap of $9.70 billion, a PE ratio of -11.81 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 1-year low of $13.90 and a 1-year high of $39.29. The firm has a 50 day simple moving average of $22.65 and a 200-day simple moving average of $19.56.

Insiders Place Their Bets

In related news, Director David Helgason sold 7,860 shares of Unity Software stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $26.45, for a total value of $207,897.00. Following the transaction, the director now directly owns 10,493 shares in the company, valued at $277,539.85. This trade represents a 42.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $25.02, for a total transaction of $6,255,000.00. Following the completion of the sale, the director now directly owns 3,648,146 shares in the company, valued at approximately $91,276,612.92. The trade was a 6.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 762,669 shares of company stock valued at $17,480,869 in the last ninety days. Insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

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

Analyst Upgrades and Downgrades

U has been the subject of a number of recent analyst reports. 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 18th. Needham & Company LLC boosted their price objective on shares of Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Wells Fargo & Company assumed coverage on shares of Unity Software in a report on Monday, October 28th. They issued an “equal weight” rating and a $20.00 target price for the company. Barclays upped their price target on Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Finally, Macquarie lifted their price objective on Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Unity Software currently has a consensus rating of “Hold” and a consensus price target of $22.21.

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.