Mark Barrysmith Sells 1,395 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U) CAO Mark Barrysmith sold 1,395 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $21.68, for a total value of $30,243.60. Following the sale, the chief accounting officer now owns 450,881 shares in the company, valued at approximately $9,775,100.08. This trade represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• 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.
• 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 transaction of $30,012.32.
• On Monday, November 25th, Mark Barrysmith sold 8,112 shares of Unity Software stock. The stock was sold at an average price of $24.38, for a total transaction of $197,770.56.

Unity Software Stock Performance

Shares of NYSE U opened at $27.96 on Friday. The firm’s 50-day moving average price is $22.45 and its 200-day moving average price is $20.99. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $33.43.

Unity Software (NYSE:U) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.05. Unity Software had a negative return on equity of 11.30% and a negative net margin of 40.47%. On average, equities research analysts expect that Unity Software Inc. will post -1.72 EPS for the current year.

Hedge Funds Weigh In On Unity Software

A number of large investors have recently modified their holdings of U. GAMMA Investing LLC lifted its position in Unity Software by 33.6% in the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock valued at $37,000 after acquiring an additional 411 shares in the last quarter. Principal Securities Inc. raised its stake in shares of Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after purchasing an additional 477 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Unity Software by 3.5% in the fourth quarter. Farther Finance Advisors LLC now owns 14,435 shares of the company’s stock valued at $324,000 after purchasing an additional 488 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Unity Software by 4.9% during the third quarter. Tidal Investments LLC now owns 15,410 shares of the company’s stock valued at $349,000 after buying an additional 723 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of Unity Software by 28.7% during the third quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company’s stock valued at $89,000 after buying an additional 876 shares during the last quarter. 73.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a report on Monday, February 3rd. Wedbush reaffirmed an “outperform” rating and issued a $27.00 price objective on shares of Unity Software in a research note on Thursday, February 13th. Jefferies Financial Group upped their target price on Unity Software from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, January 6th. Morgan Stanley raised their price target on shares of Unity Software from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Finally, Needham & Company LLC upped their price objective on shares of Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Unity Software currently has an average rating of “Hold” and a consensus target price of $22.81.

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.