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

Unity Software Inc. (NYSE:U) CAO Mark Barrysmith sold 12,019 shares of the business’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 directly owns 438,862 shares in the company, valued at $11,155,872.04. This trade represents a 2.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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 shares were 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 transaction of $30,012.32.

Unity Software Stock Down 1.1 %

Shares of NYSE U opened at $26.21 on Friday. The stock has a market capitalization of $10.56 billion, a P/E ratio of -15.60 and a beta of 2.32. The stock’s fifty day moving average is $22.76 and its 200 day moving average is $21.41. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88. 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 (NYSE:U) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.05. The firm had revenue of $457.10 million for the quarter, compared to the consensus estimate of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. Sell-side analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on U. Barclays lifted their target price on shares of Unity Software from $18.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday, February 21st. Hsbc Global Res upgraded Unity Software to a “strong-buy” rating in a report on Friday, February 21st. Wells Fargo & Company increased their target price on Unity Software from $20.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, February 21st. UBS Group boosted their price target on Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $25.96.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Anderson Financial Strategies LLC acquired a new stake in shares of Unity Software in the 4th quarter valued at $28,000. R Squared Ltd bought a new stake in shares of Unity Software during the 4th quarter worth $30,000. Principal Securities Inc. boosted its stake in Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after buying an additional 477 shares in the last quarter. Planning Capital Management Corp bought a new position in Unity Software in the third quarter valued at about $34,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Unity Software during the fourth quarter worth about $36,000. 73.46% of the stock is owned by 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.