Stocks of Unity Software Inc (NYSE:U) traded higher last session on Wall Street, up 4.26% to $28.16.
U stock price is now -7.42% away from the 50-day moving average and -15.99% away from the 200-day moving average. The market capitalization of the company currently stands at $10.80B.
In other news, Carpenter Carol W., SVP & Chief Marketing Officer sold 2,000 shares of the company’s stock on Nov 01. The stock was sold for $50,580 at an average price of $25.29. Upon completion of the transaction, the SVP & Chief Marketing Officer now directly owns 370,833 shares in the company, valued at $10.44 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 30, Director Helgason David sold 643,365 shares of the business’s stock. A total of $16,193,439 was realized by selling the stock at an average price of $25.17. This leaves the insider owning 8,451,851 shares of the company worth $238.0 million. Insiders disposed of 5,229,938 shares of company stock worth roughly $147.28 million over the past 1 year. A total of 39.17% of the company’s stock is owned by insiders.
Monday’s opening bell rang with an opening price of $26.42 for Unity Software Inc (NYSE: U). During the past 12 months, Unity Software Inc has had a low of $22.20 and a high of $50.08. As of last week, the company has a debt-to-equity ratio of 0.88, a current ratio of 2.34, and a quick ratio of 2.34. The fifty day moving average price for U is $30.42 and a two-hundred day moving average price translates $33.52 for the stock.
The latest earnings results from Unity Software Inc (NYSE: U) was released for Sep, 2023. According to the Software – Application Company, earnings per share came in at $0.35, beating analysts’ expectations of $0.17 by 0.18. This compares to -$0.84 EPS in the same period last year. The net profit margin was -42.32% and return on equity was -31.54% for U. The company reported revenue of $544.21 million for the quarter, compared to $322.88 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 68.55 percent. For the current quarter, analysts expect U to generate $564.62M in revenue.
Unity Software Inc(U) Company Profile
Unity Software Inc. operates a platform that provides real-time 3D development tools and services. 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 serves enterprises, mid-market companies, and government and non-profit institutions; mid-sized, small, and independent businesses; and individuals across various industries. It offers its solutions directly through its online store, field sales operations, independent distributors, and resellers in North America, Denmark, China, Finland, the United Kingdom, Germany, Israel, Japan, Singapore, South Korea, Spain, and internationally. The company was founded in 2004 and is headquartered in San Francisco, California.
