Unity Software Inc. (NYSE:U) CFO Sells $30,012.32 in Stock

Unity Software Inc. (NYSE:U) CFO Mark Barrysmith sold 1,228 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $24.44, for a total value of $30,012.32. Following the transaction, the chief financial officer now owns 453,638 shares in the company, valued at approximately $11,086,912.72. This trade represents a 0.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, November 25th, Mark Barrysmith sold 8,112 shares of Unity Software stock. The stock was sold at an average price of $24.38, for a total value of $197,770.56.

Unity Software Trading Down 9.4 %

U opened at $22.34 on Thursday. The company has a fifty day moving average price of $22.32 and a two-hundred day moving average price of $19.16. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $43.54. The company has a market cap of $9.00 billion, a P/E ratio of -10.95 and a beta of 2.33. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70.

Institutional Trading of Unity Software

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of Unity Software by 343.8% during the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock valued at $28,000 after buying an additional 949 shares during the last quarter. Planning Capital Management Corp acquired a new position in Unity Software during the 3rd quarter valued at about $34,000. Northwestern Mutual Wealth Management Co. increased its holdings in Unity Software by 163.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock worth $36,000 after purchasing an additional 1,389 shares in the last quarter. Brooklyn Investment Group bought a new stake in Unity Software during the 3rd quarter worth approximately $43,000. Finally, Blue Trust Inc. raised its stake in shares of Unity Software by 308.8% in the second quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock worth $51,000 after purchasing an additional 2,359 shares during the last quarter. 73.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

U has been the topic of a number of analyst reports. Macquarie increased their price objective on shares of Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a research note on Friday, November 8th. Stifel Nicolaus increased their price target on shares of Unity Software from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Wedbush lifted their price objective on shares of Unity Software from $21.00 to $27.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Needham & Company LLC upped their price objective on Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, UBS Group upped their price target on shares of Unity Software from $15.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $22.21.

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.