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

Unity Software Inc. (NYSE:U) CAO Mark Barrysmith sold 12,019 shares of the firm’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 transaction of $305,522.98. Following the transaction, the chief accounting officer now directly owns 438,862 shares of the company’s stock, valued at approximately $11,155,872.04. This trade represents a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, February 18th, Mark Barrysmith sold 1,395 shares of Unity Software stock. The shares were 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 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 shares were sold at an average price of $24.44, for a total transaction of $30,012.32.

Unity Software Trading Up 3.7 %

Unity Software stock traded up $0.96 during trading on Wednesday, hitting $26.61. The company had a trading volume of 10,989,243 shares, compared to its average volume of 12,620,718. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $31.68. The stock has a market cap of $10.72 billion, a price-to-earnings ratio of -15.92 and a beta of 2.32. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The company’s 50 day simple moving average is $22.60 and its 200-day simple moving average is $21.34.

Unity Software (NYSE:U) last posted its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.05. The company had revenue of $457.10 million for the quarter, compared to analyst estimates of $433.47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. As a group, analysts expect that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on U. UBS Group raised their price target on shares of Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Wells Fargo & Company increased their target price on shares of Unity Software from $20.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. Barclays raised their price objective 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. Macquarie upped their price objective on Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a report on Friday, November 8th. Finally, Morgan Stanley raised their price objective on shares of Unity Software from $26.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Unity Software currently has an average rating of “Hold” and an average target price of $25.96.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Soviero Asset Management LP acquired a new position in Unity Software in the fourth quarter worth approximately $2,247,000. Sphera Management Technology Funds Ltd acquired a new position in Unity Software during the fourth quarter worth $1,128,000. Two Sigma Advisers LP bought a new stake in shares of Unity Software during the fourth quarter worth $494,000. Two Sigma Investments LP acquired a new stake in Unity Software in the fourth quarter worth about $22,999,000. Finally, Tidal Investments LLC grew its holdings in Unity Software by 32.6% during the 4th quarter. Tidal Investments LLC now owns 20,428 shares of the company’s stock worth $459,000 after acquiring an additional 5,018 shares during the period. Institutional investors own 73.46% of the company’s stock.

About Unity Software

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.