Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Unity Software Inc. shares valued at $111,421 were sold by Helgason David on Jun 08. At $46.29 per share, Helgason David sold 2,407 shares. The insider’s holdings dropped to 5,322 shares worth approximately $0.24 million following the completion of this transaction.
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Also, Whitten Marc sold 5,487 shares, netting a total of over 225,020 in proceeds. Following the sale of shares at $41.01 each, the insider now holds 259,290 shares.
Before that, Visoso Luis Felipe had sold 33,804 shares from its account. In a trade valued at $1,290,379, the SVP and CFO traded Unity Software Inc. shares for $38.17 each. Upon closing the transaction, the insider’s holdings decreased to 33,804 shares, worth approximately $14.41 million.
As published in their initiating research note from The Benchmark Company on June 16, 2022, Unity Software Inc. [U] has been a Sell and the price target has been revised to $27. This represents a -64.7% premium over Thursday’s closing price. Analysts at Daiwa Securities downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid May. As of April 07, 2022, Citigroup has initiated its “Buy” rating for U. Earlier on March 28, 2022, Daiwa Securities initiated its rating. Their recommendation was “an Outperform” for U stock.
Analyzing U’s Price Performance
On Thursday, Unity Software Inc. [NYSE: U] rose 13.53% to $44.47. The stock’s lowest price that day was $39.20, but it reached a high of $44.67 in the same session. During the last five days, there has been a surge of approximately 22.95%. Over the course of the year, Unity Software Inc. shares have dropped approximately -68.90%. Shares of the company reached a 52-week high of $144.69 on 01/03/22 and a 52-week low of $29.09 on 05/12/22. A 50-day SMA is recorded $52.69, while a 200-day SMA reached $108.88. Nevertheless, trading volume fell to 10.59 million shares from 6.7 million shares the previous day.
Support And Resistance Levels for Unity Software Inc. (U)
According to the 24-hour chart, there is a support level at 40.89, which, if violated, would cause prices to drop to 37.31. In the upper region, resistance lies at 46.36. The next price resistance is at 48.25. RSI (Relative Strength Index) is 52.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.32, which suggests the price will increase in the coming days. Percent R is at 17.30%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Which companies own the most shares of Unity Software Inc. (U)?
According to Morgan Stanley Investment Managem filings, the company currently owns 18,800,973 shares, which is about 6.35% of the total U shares outstanding. The investor’s shares have plunged by -1,087,117 from its previous 13-F filing of 19888090.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $680,252,228. ARK Investment Management LLC acquire a 6.27% interest valued at $329.52 million while BlackRock Fund Advisors purchased a 154,590 stake. A total of -218,970 shares of Unity Software Inc. were bought by Nikko Asset Management Co., Ltd. during the quarter, and -203,294 were sold by Nikko Asset Management Americas,. In its current portfolio, ClearBridge Investments LLC holds 4,420,370 shares valued at $176.68 million.
In terms of Unity Software Inc. share price expectations, FactSet research, analysts set an average price target of $68.65 in the next 12 months, up nearly 40.41% from the previous closing price of $39.17. Analysts anticipate Unity Software Inc. stock to reach $194.00 by 2022, with the lowest price target being $27.00. In spite of this, 20 analysts ranked Unity Software Inc. stock as an Overweight at the end of 2022. On March 08, 2022, Jefferies assigned a price target of “a Hold” to the stock and initiated coverage with a $100.