Unity Software Inc. (NYSE:U) CAO Mark Barrysmith Sells 1,445 Shares

Unity Software Inc. (NYSE:U) CAO Mark Barrysmith sold 1,445 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $20.61, for a total transaction of $29,781.45. Following the completion of the transaction, the chief accounting officer now owns 483,417 shares in the company, valued at approximately $9,963,224.37. This represents a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, February 25th, Mark Barrysmith sold 12,019 shares of Unity Software stock. The stock was sold at an average price of $25.42, for a total transaction of $305,522.98.
• 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 transaction 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.

Unity Software Trading Down 1.3 %

Shares of NYSE:U opened at $21.18 on Wednesday. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88. The company’s 50 day moving average is $22.62 and its two-hundred day moving average is $22.03. 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 has a market cap of $8.67 billion, a PE ratio of -12.60 and a beta of 2.27.

Unity Software (NYSE:U) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.05. The company 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%. Equities analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Macquarie assumed coverage on shares of Unity Software in a report on Monday, March 10th. They issued a “neutral” rating and a $24.00 price objective on the stock. Needham & Company LLC upped their target price on shares of Unity Software from $26.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a research note on Monday, February 3rd. Citigroup raised shares of Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Tuesday, March 11th. Finally, HSBC raised shares of Unity Software from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Friday, February 21st. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Unity Software has an average rating of “Moderate Buy” and an average target price of $25.61.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Unity Software by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 31,123,035 shares of the company’s stock worth $699,335,000 after purchasing an additional 625,872 shares during the period. Capital International Investors boosted its stake in Unity Software by 10.4% during the 4th quarter. Capital International Investors now owns 18,886,853 shares of the company’s stock worth $424,388,000 after purchasing an additional 1,786,032 shares during the period. Norges Bank acquired a new stake in Unity Software during the 4th quarter worth $269,320,000. Geode Capital Management LLC boosted its stake in Unity Software by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 4,769,609 shares of the company’s stock worth $107,208,000 after purchasing an additional 84,480 shares during the period. Finally, Slate Path Capital LP acquired a new stake in Unity Software during the 4th quarter worth $62,387,000. 73.46% of the stock is owned by hedge funds and other institutional investors.

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.