Unity Software Inc. (NYSE:U) CAO Sells $305,522.98 in Stock

Unity Software Inc. (NYSE:U) CAO Mark Barrysmith sold 12,019 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $25.42, for a total value of $305,522.98. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available through 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 stock was 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 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 shares were sold at an average price of $24.44, for a total value of $30,012.32.

Unity Software Trading Down 1.1 %

Shares of U stock opened at $26.21 on Friday. The company has a market cap of $10.56 billion, a P/E ratio of -15.60 and a beta of 2.32. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $30.88. The stock has a 50 day simple moving average of $22.76 and a two-hundred day simple moving average of $21.41. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41.

Unity Software (NYSE:U) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. Research analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current year.

Hedge Funds Weigh In On Unity Software

Several institutional investors have recently made changes to their positions in the stock. Anderson Financial Strategies LLC bought a new stake in Unity Software in the 4th quarter valued at about $28,000. R Squared Ltd acquired a new stake in Unity Software in the fourth quarter valued at approximately $30,000. Principal Securities Inc. grew its stake in Unity Software by 50.5% in the fourth 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 bought a new stake in shares of Unity Software during the third quarter valued at approximately $34,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Unity Software during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on U shares. UBS Group lifted their target price 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. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a report on Monday, February 3rd. HSBC upgraded Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Friday, February 21st. Morgan Stanley lifted their target price on Unity Software from $26.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Finally, Benchmark raised Unity Software from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.