Insider Selling: Unity Software Inc. (NYSE:U) CFO Sells 1,228 Shares of Stock

Unity Software Inc. (NYSE:U - Get Free Report) CFO Mark Barrysmith sold 1,228 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $24.44, for a total transaction of $30,012.32. Following the completion of the transaction, the chief financial officer now directly owns 453,638 shares of the company's stock, valued at approximately $11,086,912.72. The trade was a 0.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• 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 transaction of $197,770.56.

Unity Software Stock Up 3.0 %

U stock traded up $0.73 during trading on Monday, hitting $25.17. 10,135,865 shares of the company's stock traded hands, compared to its average volume of 10,678,688. The firm has a market capitalization of $10.14 billion, a P/E ratio of -11.98 and a beta of 2.33. The business has a fifty day simple moving average of $22.15 and a two-hundred day simple moving average of $19.04. The company has a quick ratio of 2.41, a current 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 $43.54.

Hedge Funds Weigh In On Unity Software

Several institutional investors have recently bought and sold shares of U. GAMMA Investing LLC grew its holdings in Unity Software by 343.8% in the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company's stock worth $28,000 after purchasing an additional 949 shares during the last quarter. Planning Capital Management Corp purchased a new position in Unity Software in the third quarter worth $34,000. Northwestern Mutual Wealth Management Co. grew its holdings in Unity Software by 163.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company's stock worth $36,000 after purchasing an additional 1,389 shares during the last quarter. Brooklyn Investment Group purchased a new position in Unity Software in the third quarter worth $43,000. Finally, Blue Trust Inc. grew its holdings in Unity Software by 308.8% in the second quarter. Blue Trust Inc. now owns 3,123 shares of the company's stock worth $51,000 after purchasing an additional 2,359 shares during the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on U shares. Benchmark increased their price target on shares of Unity Software from $10.00 to $15.00 and gave the company a "sell" rating in a report on Friday, November 8th. Stifel Nicolaus increased their price target on shares of Unity Software from $20.00 to $25.00 and gave the company a "buy" rating in a report on Friday, September 13th. Morgan Stanley raised shares of Unity Software from an "equal weight" rating to an "overweight" rating and set a $22.00 price target for the company in a report on Tuesday, September 3rd. Wells Fargo & Company started coverage on shares of Unity Software in a research note on Monday, October 28th. They issued an "equal weight" rating and a $20.00 price objective for the company. Finally, Oppenheimer reissued a "market perform" rating on shares of Unity Software in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Unity Software currently has a consensus rating of "Hold" and an average price target of $23.35.

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.

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