Unity Software Inc. (NYSE:U) CAO Mark Barrysmith Sells 1,395 Shares

Unity Software Inc. (NYSE:U) CAO Mark Barrysmith sold 1,395 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $21.68, for a total transaction of $30,243.60. Following the completion of the sale, the chief accounting officer now directly owns 450,881 shares of the company’s stock, valued at $9,775,100.08. The trade was a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Mark Barrysmith also recently made the following trade(s):

• On Thursday, January 16th, Mark Barrysmith sold 1,362 shares of Unity Software stock. The stock was sold at an average price of $21.91, for a total transaction of $29,841.42.
• On Monday, December 16th, Mark Barrysmith sold 1,228 shares of Unity Software stock. The stock was sold at an average price of $24.44, for a total transaction of $30,012.32.
• On Monday, November 25th, Mark Barrysmith sold 8,112 shares of Unity Software stock. The stock was sold at an average price of $24.38, for a total transaction of $197,770.56.

Unity Software Stock Up 1.4 %

U stock opened at $21.82 on Wednesday. The company’s 50 day simple moving average is $22.52 and its 200-day simple moving average is $20.93. The firm has a market capitalization of $8.79 billion, a PE ratio of -10.69 and a beta of 2.32. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $33.43. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41.

Analysts Set New Price Targets

Several research firms recently issued reports on U. JMP Securities reissued a “market perform” rating on shares of Unity Software in a report on Monday, February 3rd. UBS Group increased their price target on shares of Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Jefferies Financial Group upped their target price on shares of Unity Software from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Needham & Company LLC upped their target price on shares of Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Morgan Stanley upped their target price on shares of Unity Software from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $22.81.

Institutional Trading of Unity Software

Several large investors have recently modified their holdings of the business. Norges Bank purchased a new position in shares of Unity Software during the fourth quarter valued at approximately $269,320,000. Slate Path Capital LP purchased a new position in shares of Unity Software during the fourth quarter valued at approximately $62,387,000. Capital International Investors lifted its stake in shares of Unity Software by 10.4% during the fourth quarter. Capital International Investors now owns 18,886,853 shares of the company’s stock valued at $424,388,000 after buying an additional 1,786,032 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Unity Software by 3,843.9% during the fourth quarter. Ameriprise Financial Inc. now owns 1,769,948 shares of the company’s stock valued at $39,771,000 after buying an additional 1,725,070 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Unity Software by 366.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,936,131 shares of the company’s stock valued at $43,505,000 after buying an additional 1,521,165 shares during the period. 73.46% of the stock is currently owned by institutional investors and hedge funds.

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.