Unity Software Inc. (NYSE:U) CAO Sells $30,243.60 in Stock

Unity Software Inc. (NYSE:U) CAO Mark Barrysmith sold 1,395 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $21.68, for a total transaction of $30,243.60. Following the sale, the chief accounting officer now owns 450,881 shares in the company, valued at $9,775,100.08. This trade represents a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• 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 transaction of $29,841.42.
• On Monday, December 16th, Mark Barrysmith sold 1,228 shares of Unity Software stock. The stock was sold at an average price of $24.44, for a total transaction of $30,012.32.
• On Monday, November 25th, Mark Barrysmith sold 8,112 shares of Unity Software stock. The shares were sold at an average price of $24.38, for a total value of $197,770.56.

Unity Software Stock Performance

Shares of U stock traded up $0.31 on Tuesday, reaching $21.82. The stock had a trading volume of 11,199,829 shares, compared to its average volume of 9,058,359. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $33.43. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $8.79 billion, a price-to-earnings ratio of -10.69 and a beta of 2.32. The firm’s 50-day moving average is $22.61 and its two-hundred day moving average is $20.89.

Institutional Trading of Unity Software

Several institutional investors and hedge funds have recently bought and sold shares of the business. Anderson Financial Strategies LLC acquired a new stake in shares of Unity Software during the 4th quarter worth about $28,000. R Squared Ltd acquired a new position in Unity Software in the 4th quarter valued at $30,000. Principal Securities Inc. increased its position in Unity Software by 50.5% during the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after buying an additional 477 shares during the period. Planning Capital Management Corp acquired a new stake in shares of Unity Software during the third quarter worth $34,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Unity Software in the fourth quarter valued at about $36,000. Institutional investors own 73.46% of the company’s stock.

Analyst Upgrades and Downgrades

U has been the subject of a number of research reports. Macquarie increased their price objective on Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a report on Friday, November 8th. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a report on Monday, February 3rd. Jefferies Financial Group increased their target price on shares of Unity Software from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Wells Fargo & Company started coverage on shares of Unity Software in a research report on Monday, October 28th. They issued an “equal weight” rating and a $20.00 target price for the company. Finally, Needham & Company LLC boosted their price target on shares of Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $22.81.

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.