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

Unity Software Inc. (NYSE:U) CAO Mark Barrysmith sold 12,019 shares of the firm’s stock in a transaction 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 completion of the sale, the chief accounting officer now owns 438,862 shares of the company’s stock, valued at $11,155,872.04. The trade was a 2.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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 transaction of $30,243.60.
• On Thursday, January 16th, Mark Barrysmith sold 1,362 shares of Unity Software stock. The shares were sold at an average price of $21.91, for a total value of $29,841.42.
• 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 value of $30,012.32.

Unity Software Price Performance

Unity Software stock opened at $26.56 on Thursday. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $31.68. The company’s 50 day moving average price is $22.68 and its two-hundred day moving average price is $21.38. The stock has a market cap of $10.70 billion, a P/E ratio of -15.81 and a beta of 2.32. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.05. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The business had revenue of $457.10 million for the quarter, compared to analyst estimates of $433.47 million. On average, equities analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current year.

Hedge Funds Weigh In On Unity Software

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Anderson Financial Strategies LLC purchased a new stake in Unity Software during the fourth quarter worth about $28,000. R Squared Ltd purchased a new position in Unity Software in the fourth quarter valued at about $30,000. Principal Securities Inc. grew its position in shares of Unity Software by 50.5% during the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after acquiring an additional 477 shares during the period. Planning Capital Management Corp purchased a new stake in shares of Unity Software during the 3rd quarter worth approximately $34,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Unity Software in the 4th quarter worth approximately $36,000. 73.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on U shares. Barclays raised their price objective on Unity Software from $18.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. Macquarie lifted their price target on shares of Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a research report on Friday, November 8th. UBS Group upped their price objective on shares of Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Hsbc Global Res raised shares of Unity Software to a “strong-buy” rating in a research note on Friday, February 21st. Finally, JMP Securities reissued a “market perform” rating on shares of Unity Software in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $25.96.

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.