The price of Unity Software Inc (NYSE:U) shares last traded on Wall Street rose 4.61% to $22.69.
U stock price is now -11.07% away from the 50-day moving average and -27.71% away from the 200-day moving average. The market capitalization of the company currently stands at $8.87B.
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With the price target reduced from $35 to $30, Piper Sandler Upgraded its rating from Underweight to Neutral for Unity Software Inc (NYSE: U)., while ‘Piper Sandler’ rates the stock as ‘Underweight’
In other news, Carpenter Carol W., SVP & Chief Marketing Officer sold 2,000 shares of the company’s stock on May 01 ’24. The stock was sold for $48,360 at an average price of $24.18. Upon completion of the transaction, the SVP & Chief Marketing Officer now directly owns 442,617 shares in the company, valued at $10.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 29 ’24, SVP, Chief Legal Officer Gupta Anirma sold 1,037 shares of the business’s stock. A total of $25,324 was realized by selling the stock at an average price of $24.42. This leaves the insider owning 386,706 shares of the company worth $8.77 million. A total of 28.20% of the company’s stock is owned by insiders.
During the past 12 months, Unity Software Inc has had a low of $21.64 and a high of $50.08. As of last week, the company has a debt-to-equity ratio of 0.75, a current ratio of 2.14, and a quick ratio of 2.14.
The net profit margin was -40.05% and return on equity was -25.89% for U. The company reported revenue of $460.38 million for the quarter, compared to $500.36 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.99 percent.
