A company insider recently sold 797 shares of Unity Software Inc. [U]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Unity Software Inc. shares valued at $29,226 were sold by Carpenter Carol W. on Sep 15. At $36.67 per share, Carpenter Carol W. sold 797 shares. The insider’s holdings dropped to 219,600 shares worth approximately $7.32 million following the completion of this transaction.


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Also, Whitten Marc sold 6,546 shares, netting a total of over 300,658 in proceeds. Following the sale of shares at $45.93 each, the insider now holds 252,744 shares.

Before that, Visoso Luis Felipe had sold 9,894 shares from its account. In a trade valued at $454,530, the SVP and CFO traded Unity Software Inc. shares for $45.94 each. Upon closing the transaction, the insider’s holdings decreased to 9,894 shares, worth approximately $10.47 million.

As published in their initiating research note from Wolfe Research on August 17, 2022, Unity Software Inc. [U] has been an Outperform and the price target has been revised to $70. This represents a 52.4% premium over Thursday’s closing price. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid July. As of June 30, 2022, KeyBanc Capital Markets has initiated its “Sector weight” rating for U. Earlier on June 29, 2022, BTIG Research resumed its rating. Their recommendation was “a Buy” for U stock.

Analyzing U’s Price Performance

On Thursday, Unity Software Inc. [NYSE: U] plunged -4.53% to $33.32. The stock’s lowest price that day was $33.1901, but it reached a high of $35.0714 in the same session. During the last five days, there has been a drop of approximately -12.41%. Over the course of the year, Unity Software Inc. shares have dropped approximately -76.70%. 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 $42.22, while a 200-day SMA reached $74.78. Nevertheless, trading volume fell to 6.19 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 32.65, which, if violated, would cause prices to drop to 31.98. In the upper region, resistance lies at 34.53. The next price resistance is at 35.74. RSI (Relative Strength Index) is 34.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.33, which suggests the price will decrease in the coming days. Percent R is at 98.64%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Unity Software Inc. subject to short interest?

Stocks of Unity Software Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 11.28 million shares to 34.18 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 22.9 million shares. A jump of 33.0% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.17 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.17.

Which companies own the most shares of Unity Software Inc. (U)?

According to The Vanguard Group, Inc. filings, the company currently owns 18,048,105 shares, which is about 6.05% of the total U shares outstanding. The investor’s shares have appreciated by 1,029,035 from its previous 13-F filing of 17019070.0 shares. With the completion of the sale transaction, Morgan Stanley Investment Managem’s stake is now worth $760,662,751. ARK Investment Management LLC acquire a 11.30% interest valued at $391.99 million while BlackRock Fund Advisors purchased a 1,221,063 stake. A total of 1,524,282 shares of Unity Software Inc. were bought by Nikko Asset Management Co., Ltd. during the quarter, and 1,160,409 were bought by Nikko Asset Management Americas,. In its current portfolio, ClearBridge Investments LLC holds 4,294,250 shares valued at $183.45 million.

In terms of Unity Software Inc. share price expectations, FactSet research, analysts set an average price target of $56.49 in the next 12 months, up nearly 71.92% from the previous closing price of $34.90. Analysts anticipate Unity Software Inc. stock to reach $105.00 by 2022, with the lowest price target being $22.00. In spite of this, 19 analysts ranked Unity Software Inc. stock as an Overweight at the end of 2022. On June 16, 2022, The Benchmark Company assigned a price target of “a Sell” to the stock and initiated coverage with a $27.

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