Insider Selling: Unity Software Inc. (NYSE:U) CAO Sells 1,595 Shares of Stock

Unity Software Inc. (NYSE:U) CAO Mark Barrysmith sold 1,595 shares of the company’s stock in a transaction 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 $8,879,979.46. The trade was a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 stock was sold at an average price of $20.61, for a total transaction of $29,781.45.
• On Tuesday, February 25th, Mark Barrysmith sold 12,019 shares of Unity Software stock. The shares were sold at an average price of $25.42, for a total value of $305,522.98.
• On Tuesday, February 18th, Mark Barrysmith sold 1,395 shares of Unity Software stock. The stock was sold at an average price of $21.68, for a total value of $30,243.60.

Unity Software Trading Up 1.6 %

NYSE:U traded up $0.31 during trading hours on Friday, hitting $19.20. The stock had a trading volume of 4,525,588 shares, compared to its average volume of 10,877,218. The business’s 50 day moving average is $21.54 and its 200-day moving average is $22.03. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The company has a market cap of $7.86 billion, a price-to-earnings ratio of -11.43 and a beta of 2.31. Unity Software Inc. has a one year low of $13.90 and a one year high of $30.88.

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

Hedge Funds Weigh In On Unity Software

Several institutional investors have recently modified their holdings of the business. Ariose Capital Management Ltd bought a new position in Unity Software during the 4th quarter worth about $2,299,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Unity Software by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,958,400 shares of the company’s stock worth $44,005,000 after buying an additional 72,384 shares in the last quarter. Jessup Wealth Management Inc acquired a new stake in Unity Software in the 4th quarter valued at approximately $510,000. Vanguard Group Inc. raised its position in Unity Software by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 31,123,035 shares of the company’s stock valued at $699,335,000 after buying an additional 625,872 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its stake in Unity Software by 10.0% in the 4th quarter. CIBC Asset Management Inc now owns 376,794 shares of the company’s stock valued at $8,467,000 after acquiring an additional 34,322 shares in the last quarter. Institutional investors own 73.46% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wedbush reaffirmed an “outperform” rating and set a $27.00 price objective on shares of Unity Software in a report on Thursday, February 13th. HSBC raised Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Friday, February 21st. Citizens Jmp raised Unity Software from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. Jefferies Financial Group lowered their target price on Unity Software from $24.00 to $16.00 and set a “hold” rating for the company in a research note on Monday, April 7th. Finally, UBS Group cut their price target on Unity Software from $30.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, April 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $23.96.

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.