Unity Software (NYSE:U) CAO Mark Barrysmith Sells 10,578 Shares

Unity Software Inc. (NYSE:U) CAO Mark Barrysmith sold 10,578 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $18.07, for a total transaction of $191,144.46. Following the transaction, the chief accounting officer directly owned 383,901 shares in the company, valued at approximately $6,937,091.07. The trade was a 2.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, December 10th, Mark Barrysmith sold 14,407 shares of Unity Software stock. The stock was sold at an average price of $50.01, for a total transaction of $720,494.07.

Unity Software Stock Performance

NYSE:U opened at $18.14 on Friday. The company’s 50-day moving average is $34.50 and its two-hundred day moving average is $38.57. Unity Software Inc. has a 1-year low of $15.33 and a 1-year high of $52.15. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a market capitalization of $7.85 billion, a price-to-earnings ratio of -18.89, a PEG ratio of 10.50 and a beta of 2.04.

Unity Software (NYSE:U) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. Unity Software had a negative net margin of 21.77% and a negative return on equity of 4.76%. The business had revenue of $503.09 million during the quarter, compared to the consensus estimate of $490.64 million. During the same quarter last year, the firm earned ($0.30) EPS. The business’s revenue was up 10.1% compared to the same quarter last year. Analysts forecast that Unity Software Inc. will post -1.25 EPS for the current year.

Key Unity Software News

Here are the key news stories impacting Unity Software this week:

• Neutral Sentiment: Heightened investor attention reported by Zacks/Yahoo — more searches and coverage may increase volatility and trading volume in the short term. Investors Heavily Search Unity Software Inc. (U)
• Neutral Sentiment: Recent fundamentals: Unity reported a revenue and EPS beat in its Feb. 11 quarter and year‑over‑year revenue growth — positive operational context that may limit the durability of any sell‑off (background reporting).
• Negative Sentiment: COO Alexander Blum sold 2,541 shares on Feb. 27 at ~$18.76 (≈$47.7k), trimming his position by ~0.46%; SEC filing here. SEC Filing
• Negative Sentiment: COO Alexander Blum also sold 10,164 shares on Feb. 25 at ~$18.07 (~$183.7k), a ~1.81% cut to his holdings; same SEC filing as above. SEC Filing
• Negative Sentiment: CAO Mark Barrysmith sold 10,578 shares on Feb. 25 at ~$18.07 (~$191.1k), reducing his stake by ~2.68%; SEC filing here. SEC Filing
• Negative Sentiment: CFO Jarrod Yahes sold 12,196 shares on Feb. 25 at ~$18.07 (~$220.4k), cutting his holding by ~2.23%; SEC filing here. SEC Filing

Hedge Funds Weigh In On Unity Software

A number of hedge funds have recently modified their holdings of U. Root Financial Partners LLC acquired a new stake in Unity Software during the 3rd quarter worth $27,000. Atlantic Union Bankshares Corp acquired a new position in Unity Software in the second quarter valued at $28,000. REAP Financial Group LLC acquired a new position in Unity Software in the fourth quarter valued at $28,000. Larson Financial Group LLC raised its holdings in shares of Unity Software by 88.1% in the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock valued at $29,000 after buying an additional 341 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Unity Software during the fourth quarter worth about $30,000. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on U shares. Macquarie Infrastructure raised Unity Software from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $33.00 to $50.00 in a research report on Friday, November 7th. Jefferies Financial Group increased their target price on shares of Unity Software from $49.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, January 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Unity Software in a research note on Wednesday, January 21st. Arete Research upgraded shares of Unity Software from a “neutral” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Monday, December 1st. Finally, BTIG Research dropped their target price on shares of Unity Software from $60.00 to $41.00 and set a “buy” rating for the company in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.52.

About Unity Software

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.