Unity Software Inc. (NYSE:U) CAO Mark Barrysmith Sells 12,019 Shares

Unity Software Inc. (NYSE:U) CAO Mark Barrysmith sold 12,019 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $25.42, for a total value of $305,522.98. Following the transaction, the chief accounting officer now owns 438,862 shares of the company’s stock, valued at $11,155,872.04. This trade represents a 2.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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.
• 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 value of $29,841.42.
• On Monday, December 16th, Mark Barrysmith sold 1,228 shares of Unity Software stock. The shares were sold at an average price of $24.44, for a total value of $30,012.32.

Unity Software Stock Down 2.3 %

NYSE U opened at $25.58 on Friday. 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 Inc. has a 52 week low of $13.90 and a 52 week high of $30.88. The stock has a fifty day moving average of $22.82 and a 200-day moving average of $21.49. The stock has a market capitalization of $10.48 billion, a P/E ratio of -15.22 and a beta of 2.32.

Unity Software (NYSE:U) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $433.47 million. On average, equities research analysts forecast that Unity Software Inc. will post -1.25 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Jefferies Financial Group lifted their price objective on Unity Software from $23.00 to $28.00 and gave the company a “hold” rating in a research report on Friday, February 21st. HSBC upgraded Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Friday, February 21st. Wells Fargo & Company lifted their price objective on Unity Software from $20.00 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, February 21st. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a research report on Monday, February 3rd. Finally, Needham & Company LLC lifted their price objective on Unity Software from $26.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $25.04.

Institutional Investors Weigh In On Unity Software

Institutional investors have recently made changes to their positions in the stock. Anderson Financial Strategies LLC bought a new position in Unity Software during the fourth quarter worth about $28,000. R Squared Ltd bought a new position in Unity Software during the fourth quarter worth about $30,000. Principal Securities Inc. lifted its holdings in Unity Software by 50.5% during 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 in the last quarter. Planning Capital Management Corp bought a new position in Unity Software during the third quarter worth about $34,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Unity Software during the fourth quarter worth about $36,000. 73.46% of the stock is owned by institutional investors and hedge funds.

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.