Unity Software Inc. (NYSE:U) CAO Sells $29,781.45 in Stock

Unity Software Inc. (NYSE:U) CAO Mark Barrysmith sold 1,445 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $20.61, for a total transaction of $29,781.45. Following the sale, the chief accounting officer now owns 483,417 shares of the company’s stock, valued at $9,963,224.37. This trade represents a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 transaction 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 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 transaction of $29,841.42.

Unity Software Stock Performance

NYSE U opened at $21.53 on Thursday. 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 firm has a market cap of $8.82 billion, a price-to-earnings ratio of -12.82 and a beta of 2.27. The company has a 50 day moving average of $22.60 and a 200-day moving average of $22.02. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $30.88.

Unity Software (NYSE:U) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.05. The business 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%. On average, equities analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Institutional Trading of Unity Software

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Unity Software by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 31,123,035 shares of the company’s stock valued at $699,335,000 after purchasing an additional 625,872 shares in the last quarter. Capital International Investors increased its holdings in shares of Unity Software by 10.4% in the fourth quarter. Capital International Investors now owns 18,886,853 shares of the company’s stock valued at $424,388,000 after purchasing an additional 1,786,032 shares in the last quarter. Norges Bank acquired a new stake in shares of Unity Software in the fourth quarter valued at approximately $269,320,000. Geode Capital Management LLC boosted its stake in Unity Software by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 4,769,609 shares of the company’s stock valued at $107,208,000 after acquiring an additional 84,480 shares during the last quarter. Finally, Slate Path Capital LP bought a new position in Unity Software in the fourth quarter valued at approximately $62,387,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Morgan Stanley increased their target price on shares of Unity Software from $26.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Citizens Jmp upgraded shares of Unity Software from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. Needham & Company LLC raised their price target on shares of Unity Software from $26.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Wedbush restated an “outperform” rating and set a $27.00 price target on shares of Unity Software in a research note on Thursday, February 13th. Finally, HSBC upgraded shares of Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Unity Software currently has an average rating of “Moderate Buy” and an average target price of $25.61.

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.