Unity Software Inc. (NYSE:U – Get Free Report) CAO Mark Barrysmith sold 817 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $36.60, for a total transaction of $29,902.20. Following the sale, the chief accounting officer owned 452,169 shares of the company’s stock, valued at approximately $16,549,385.40. The trade was a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Mark Barrysmith also recently made the following trade(s):
- On Thursday, October 16th, Mark Barrysmith sold 802 shares of Unity Software stock. The shares were sold at an average price of $36.22, for a total transaction of $29,048.44.
- On Tuesday, September 16th, Mark Barrysmith sold 645 shares of Unity Software stock. The stock was sold at an average price of $46.52, for a total transaction of $30,005.40.
Unity Software Stock Down 3.8%
U stock opened at $37.74 on Friday. The firm has a market cap of $16.15 billion, a PE ratio of -35.94 and a beta of 2.37. Unity Software Inc. has a one year low of $15.33 and a one year high of $46.94. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.78 and a current ratio of 2.78. The firm’s 50 day moving average price is $39.40 and its 200-day moving average price is $33.23.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Unity Software by 2.8% during the third quarter. Vanguard Group Inc. now owns 34,556,611 shares of the company’s stock worth $1,383,647,000 after buying an additional 930,293 shares during the period. Slate Path Capital LP lifted its position in Unity Software by 25.4% during the 2nd quarter. Slate Path Capital LP now owns 20,016,952 shares of the company’s stock worth $484,410,000 after acquiring an additional 4,048,484 shares during the period. Wellington Management Group LLP grew its stake in shares of Unity Software by 58.7% in the 3rd quarter. Wellington Management Group LLP now owns 18,213,875 shares of the company’s stock valued at $729,284,000 after purchasing an additional 6,734,285 shares during the last quarter. Atreides Management LP increased its holdings in shares of Unity Software by 146.7% in the first quarter. Atreides Management LP now owns 9,430,955 shares of the company’s stock valued at $184,752,000 after purchasing an additional 5,607,572 shares during the period. Finally, Norges Bank acquired a new stake in shares of Unity Software during the second quarter worth $151,221,000. 73.46% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on U shares. BTIG Research raised Unity Software from a “sell” rating to a “neutral” rating in a research note on Friday, October 31st. JMP Securities boosted their price target on shares of Unity Software from $30.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 7th. The Goldman Sachs Group began coverage on Unity Software in a report on Wednesday, October 15th. They issued a “neutral” rating and a $38.00 target price for the company. Needham & Company LLC upped their price target on Unity Software from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Finally, Barclays increased their price target on Unity Software from $30.00 to $35.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $38.52.
Read Our Latest Report on Unity Software
About Unity Software
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.
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