Unity Software Inc. (NYSE:U - Get Free Report) CAO Mark Barrysmith sold 1,445 shares of Unity Software 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 transaction, the chief accounting officer now directly owns 483,417 shares of the company's stock, valued at approximately $9,963,224.37. This trade represents a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
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 traded up $0.52 during trading hours on Friday, hitting $21.55. 7,849,644 shares of the company's stock traded hands, compared to its average volume of 10,562,270. The business's fifty day moving average price is $22.57 and its two-hundred day moving average price is $22.05. 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 capitalization of $8.83 billion, a P/E ratio of -12.82 and a beta of 2.27. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88.
Unity Software (NYSE:U - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.05. The company 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%. Equities research analysts predict that Unity Software Inc. will post -1.25 EPS for the current year.
Hedge Funds Weigh In On Unity Software
A number of hedge funds have recently modified their holdings of the company. California State Teachers Retirement System boosted its position in shares of Unity Software by 0.4% in the fourth quarter. California State Teachers Retirement System now owns 261,740 shares of the company's stock worth $5,881,000 after purchasing an additional 1,031 shares during the period. Soviero Asset Management LP purchased a new position in shares of Unity Software in the fourth quarter worth $2,247,000. Sphera Management Technology Funds Ltd purchased a new position in shares of Unity Software in the fourth quarter worth $1,128,000. Two Sigma Advisers LP purchased a new position in shares of Unity Software in the fourth quarter worth $494,000. Finally, Two Sigma Investments LP purchased a new position in shares of Unity Software in the fourth quarter worth $22,999,000. 73.46% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on U shares. Jefferies Financial Group lifted their target price on shares of Unity Software from $23.00 to $28.00 and gave the stock a "hold" rating in a report on Friday, February 21st. Hsbc Global Res raised shares of Unity Software to a "strong-buy" rating in a report on Friday, February 21st. Wells Fargo & Company decreased their target price on shares of Unity Software from $27.00 to $22.00 and set an "equal weight" rating for the company in a report on Monday, March 10th. Citizens Jmp raised shares of Unity Software from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 11th. Finally, Benchmark raised shares of Unity Software from a "sell" rating to a "hold" rating in a report on Thursday, February 20th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Unity Software currently has an average rating of "Moderate Buy" and a consensus price target of $25.61.
Read Our Latest Analysis on Unity Software
About Unity Software
(
Get Free Report)
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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