Mark Barrysmith Sells 8,112 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U) CFO Mark Barrysmith sold 8,112 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $24.38, for a total value of $197,770.56. Following the sale, the chief financial officer now directly owns 454,866 shares in the company, valued at approximately $11,089,633.08. The trade was a 1.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Unity Software Stock Down 2.7 %

U opened at $23.37 on Wednesday. The company has a fifty day moving average of $21.11 and a two-hundred day moving average of $18.61. The stock has a market capitalization of $9.41 billion, a price-to-earnings ratio of -11.45 and a beta of 2.29. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $43.54. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Needham & Company LLC increased their price objective on Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a report on Friday, November 8th. Wedbush boosted their target price on Unity Software from $21.00 to $27.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Piper Sandler reaffirmed a “neutral” rating and set a $17.00 target price (down from $25.00) on shares of Unity Software in a research report on Friday, August 9th. Finally, The Goldman Sachs Group dropped their price target on Unity Software from $26.00 to $22.50 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $23.35.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Magnetar Financial LLC purchased a new position in Unity Software in the 2nd quarter valued at $2,535,000. CIBC Asset Management Inc boosted its position in Unity Software by 2,665.4% during the third quarter. CIBC Asset Management Inc now owns 342,472 shares of the company’s stock worth $7,747,000 after acquiring an additional 330,088 shares during the last quarter. LMR Partners LLP purchased a new stake in Unity Software during the 3rd quarter valued at about $611,000. Price T Rowe Associates Inc. MD raised its holdings in Unity Software by 187.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 353,516 shares of the company’s stock valued at $9,440,000 after acquiring an additional 230,696 shares during the last quarter. Finally, Creative Planning lifted its stake in Unity Software by 111.7% in the 2nd quarter. Creative Planning now owns 135,195 shares of the company’s stock worth $2,198,000 after purchasing an additional 71,325 shares in the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.

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.