Insider Selling: Unity Software Inc. (NYSE:U) CAO Sells $29,841.42 in Stock

Unity Software Inc. (NYSE:U) CAO Mark Barrysmith sold 1,362 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $21.91, for a total value of $29,841.42. Following the sale, the chief accounting officer now directly owns 452,276 shares of the company’s stock, valued at approximately $9,909,367.16. This trade represents a 0.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• 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 stock was sold at an average price of $24.38, for a total transaction of $197,770.56.

Unity Software Stock Down 0.1 %

Shares of U stock opened at $21.73 on Monday. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $35.56. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The business’s fifty day moving average is $23.04 and its 200-day moving average is $20.07. The stock has a market cap of $8.75 billion, a PE ratio of -10.65 and a beta of 2.32.

Analyst Ratings Changes

A number of research firms have weighed in on U. Barclays upped their price target on Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Morgan Stanley raised their price target on shares of Unity Software from $24.00 to $26.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Oppenheimer reiterated a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. Needham & Company LLC raised their target price on Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, UBS Group boosted their price target on Unity Software from $15.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Unity Software has an average rating of “Hold” and an average price target of $22.58.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of Unity Software by 33.6% in the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock valued at $37,000 after buying an additional 411 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Unity Software by 4.0% during the third quarter. Farther Finance Advisors LLC now owns 13,947 shares of the company’s stock worth $315,000 after purchasing an additional 538 shares during the period. Tidal Investments LLC lifted its holdings in shares of Unity Software by 4.9% during the third quarter. Tidal Investments LLC now owns 15,410 shares of the company’s stock valued at $349,000 after purchasing an additional 723 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Unity Software by 28.7% during the third quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company’s stock valued at $89,000 after purchasing an additional 876 shares during the last quarter. Finally, Intech Investment Management LLC boosted its position in shares of Unity Software by 8.2% in the 2nd quarter. Intech Investment Management LLC now owns 13,270 shares of the company’s stock valued at $216,000 after purchasing an additional 1,010 shares during the period. 73.46% of the stock is owned by institutional investors and hedge funds.

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.