Mark Barrysmith Sells 1,011 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U) CAO Mark Barrysmith sold 1,011 shares of the company’s stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $32.30, for a total value of $32,655.30. Following the transaction, the chief accounting officer directly owned 464,372 shares in the company, valued at approximately $14,999,215.60. This trade represents a 0.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, May 27th, Mark Barrysmith sold 13,757 shares of Unity Software stock. The stock was sold at an average price of $21.23, for a total value of $292,061.11.
• On Friday, May 16th, Mark Barrysmith sold 1,414 shares of Unity Software stock. The shares were sold at an average price of $21.42, for a total value of $30,287.88.

Unity Software Price Performance

Shares of NYSE U opened at $36.47 on Friday. The firm has a market cap of $15.16 billion, a P/E ratio of -32.57 and a beta of 2.29. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.70. The company has a 50 day moving average of $24.85 and a 200 day moving average of $22.80. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $38.96.

Unity Software (NYSE:U) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.19. Unity Software had a negative net margin of 25.21% and a negative return on equity of 14.12%. The firm had revenue of $435.00 million during the quarter, compared to the consensus estimate of $415.77 million. During the same quarter in the previous year, the firm posted $0.28 EPS. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. As a group, research analysts expect that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on U. Wall Street Zen lowered Unity Software from a “buy” rating to a “hold” rating in a report on Friday, June 27th. UBS Group increased their price objective on Unity Software from $22.00 to $33.00 and gave the company a “neutral” rating in a report on Thursday. Wells Fargo & Company increased their price objective on Unity Software from $19.00 to $24.00 and gave the company an “equal weight” rating in a report on Monday, July 7th. Wedbush increased their price objective on Unity Software from $31.50 to $39.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Barclays reduced their price objective on Unity Software from $26.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.43.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cornerstone Planning Group LLC raised its position in Unity Software by 30,300.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company’s stock worth $25,000 after purchasing an additional 1,212 shares during the period. CX Institutional purchased a new position in shares of Unity Software during the second quarter worth approximately $25,000. Anderson Financial Strategies LLC purchased a new position in shares of Unity Software during the fourth quarter worth approximately $28,000. Banque Transatlantique SA purchased a new position in shares of Unity Software during the first quarter worth approximately $28,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Unity Software during the fourth quarter worth approximately $36,000. 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.