Unity Software Inc. (NYSE:U) CAO Mark Barrysmith Sells 1,362 Shares

Unity Software Inc. (NYSE:U - Get Free Report) CAO Mark Barrysmith sold 1,362 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $21.91, for a total value of $29,841.42. Following the sale, the chief accounting officer now owns 452,276 shares in the company, valued at $9,909,367.16. The trade was a 0.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

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

Unity Software Stock Down 0.1 %

Shares of U traded down $0.02 during mid-day trading on Friday, reaching $21.73. The company's stock had a trading volume of 7,539,915 shares, compared to its average volume of 8,779,268. The business has a fifty day moving average of $23.04 and a 200 day moving average of $20.04. The company has a market cap of $8.75 billion, a price-to-earnings ratio of -10.65 and a beta of 2.32. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $35.56. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70.

Institutional Trading of Unity Software

A number of hedge funds have recently modified their holdings of U. GAMMA Investing LLC raised its holdings in shares of Unity Software by 343.8% during the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company's stock worth $28,000 after acquiring an additional 949 shares in the last quarter. Planning Capital Management Corp purchased a new stake in shares of Unity Software during the third quarter worth $34,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Unity Software by 163.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company's stock worth $36,000 after acquiring an additional 1,389 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Unity Software during the third quarter worth $43,000. Finally, Versant Capital Management Inc raised its holdings in shares of Unity Software by 186.9% during the fourth quarter. Versant Capital Management Inc now owns 2,812 shares of the company's stock worth $63,000 after acquiring an additional 1,832 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on U. 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. Needham & Company LLC increased their price objective on Unity Software from $23.00 to $26.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Oppenheimer reissued a "market perform" rating on shares of Unity Software in a report on Friday, October 18th. Barclays increased their price objective on Unity Software from $16.00 to $18.00 and gave the stock an "equal weight" rating in a report on Friday, November 8th. Finally, Macquarie increased their price objective on Unity Software from $15.00 to $16.00 and gave the stock an "underperform" rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, Unity Software presently has an average rating of "Hold" and an average target price of $22.58.

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.