Mark Barrysmith Sells 1,445 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U) CAO Mark Barrysmith sold 1,445 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $20.61, for a total value of $29,781.45. Following the completion of the sale, the chief accounting officer now directly owns 483,417 shares of the company’s stock, valued at approximately $9,963,224.37. This represents a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, February 25th, Mark Barrysmith sold 12,019 shares of Unity Software stock. The shares were sold at an average price of $25.42, for a total value of $305,522.98.
• 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 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.

Unity Software Trading Up 1.8 %

NYSE U opened at $21.53 on Thursday. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $30.88. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $8.82 billion, a PE ratio of -12.82 and a beta of 2.27. The firm’s fifty day simple moving average is $22.60 and its 200-day simple moving average is $22.02.

Unity Software (NYSE:U) last posted its earnings results on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.05. The firm had revenue of $457.10 million for the quarter, compared to the consensus estimate of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. As a group, sell-side analysts anticipate that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Unity Software

Several hedge funds have recently bought and sold shares of U. Anderson Financial Strategies LLC acquired a new position in Unity Software during the fourth quarter worth $28,000. R Squared Ltd bought a new stake in Unity Software during the fourth quarter valued at about $30,000. Principal Securities Inc. boosted its holdings in Unity Software by 50.5% during 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. Point72 Asia Singapore Pte. Ltd. bought a new stake in Unity Software during the fourth quarter valued at about $36,000. Finally, GAMMA Investing LLC boosted its holdings in Unity Software by 33.6% during the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock valued at $37,000 after acquiring an additional 411 shares during the period. 73.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on U. Morgan Stanley upped their target price on Unity Software from $26.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Jefferies Financial Group upped their target price on Unity Software from $23.00 to $28.00 and gave the company a “hold” rating in a report on Friday, February 21st. Macquarie assumed coverage on Unity Software in a report on Monday, March 10th. They set a “neutral” rating and a $24.00 target price for the company. Benchmark upgraded Unity Software from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, HSBC raised shares of Unity Software from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Unity Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.61.

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.