Unity Software Inc. (NYSE:U) CAO Sells $29,395.85 in Stock

Unity Software Inc. (NYSE:U) CAO Mark Barrysmith sold 1,595 shares of the firm’s stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $18.43, for a total value of $29,395.85. Following the completion of the transaction, the chief accounting officer now owns 481,822 shares of the company’s stock, valued at approximately $8,879,979.46. This represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, March 17th, Mark Barrysmith sold 1,445 shares of Unity Software stock. The shares were sold at an average price of $20.61, for a total value of $29,781.45.
• On Tuesday, February 25th, Mark Barrysmith sold 12,019 shares of Unity Software stock. The stock was sold at an average price of $25.42, for a total transaction of $305,522.98.
• On Tuesday, February 18th, Mark Barrysmith sold 1,395 shares of Unity Software stock. The shares were sold at an average price of $21.68, for a total transaction of $30,243.60.

Unity Software Stock Performance

U opened at $19.20 on Monday. The firm has a market cap of $7.86 billion, a P/E ratio of -11.43 and a beta of 2.31. The business’s fifty day moving average is $21.53 and its 200-day moving average is $22.02. Unity Software Inc. has a 52-week low of $13.90 and a 52-week high of $30.88. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41.

Unity Software (NYSE:U) last released its earnings results on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.05. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The firm had revenue of $457.10 million for the quarter, compared to analyst estimates of $433.47 million. Sell-side analysts expect that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on U shares. Citigroup raised shares of Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Tuesday, March 11th. Wells Fargo & Company dropped their price objective on Unity Software from $22.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley reduced their target price on Unity Software from $32.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday. Benchmark upgraded Unity Software from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, Citizens Jmp raised shares of Unity Software from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $23.96.

Hedge Funds Weigh In On Unity Software

Hedge funds and other institutional investors have recently modified their holdings of the business. Anderson Financial Strategies LLC acquired a new stake in Unity Software in the fourth quarter valued at about $28,000. R Squared Ltd acquired a new position in Unity Software during the fourth quarter worth about $30,000. Principal Securities Inc. lifted its holdings in shares of Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after acquiring an additional 477 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Unity Software in the 4th quarter valued at approximately $36,000. Finally, GAMMA Investing LLC grew its holdings in shares of Unity Software by 33.6% during the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock valued at $37,000 after purchasing an additional 411 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.

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.