Unity Software Inc. (NYSE:U) CFO Sells $197,770.56 in Stock

Unity Software Inc. (NYSE:U) CFO Mark Barrysmith sold 8,112 shares of Unity Software stock in a transaction on Monday, November 25th. The shares were sold at an average price of $24.38, for a total transaction of $197,770.56. Following the sale, the chief financial officer now directly owns 454,866 shares of the company’s stock, valued at $11,089,633.08. This trade represents a 1.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Unity Software Stock Performance

Shares of U opened at $23.48 on Thursday. The company has a market capitalization of $9.46 billion, a PE ratio of -11.51 and a beta of 2.29. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. Unity Software Inc. has a one year low of $13.90 and a one year high of $43.54. The company’s fifty day moving average price is $21.18 and its 200 day moving average price is $18.64.

Hedge Funds Weigh In On Unity Software

Institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its position in Unity Software by 100.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock worth $42,662,000 after acquiring an additional 944,709 shares during the period. Erste Asset Management GmbH acquired a new stake in Unity Software in the 3rd quarter worth $12,317,000. Van ECK Associates Corp increased its holdings in shares of Unity Software by 35.0% during the 2nd quarter. Van ECK Associates Corp now owns 1,956,029 shares of the company’s stock worth $31,805,000 after purchasing an additional 507,274 shares during the period. Monolith Management Ltd acquired a new position in shares of Unity Software during the third quarter valued at about $10,993,000. Finally, Weiss Asset Management LP bought a new stake in shares of Unity Software in the third quarter valued at about $10,335,000. 73.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on U. JMP Securities reissued a “market perform” rating on shares of Unity Software in a research report on Friday, September 13th. Wedbush lifted their price target on Unity Software from $21.00 to $27.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Piper Sandler reissued a “neutral” rating and issued a $17.00 price target (down previously from $25.00) on shares of Unity Software in a research note on Friday, August 9th. Wells Fargo & Company initiated coverage on shares of Unity Software in a research report on Monday, October 28th. They set an “equal weight” rating and a $20.00 price objective on the stock. Finally, Benchmark boosted their target price on shares of Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $23.35.

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.