Unity Software Inc. (NYSE:U) CAO Sells $29,395.85 in Stock

Unity Software Inc. (NYSE:U - Get Free Report) CAO Mark Barrysmith sold 1,595 shares of the business's stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $18.43, for a total transaction of $29,395.85. Following the completion of the transaction, the chief accounting officer now owns 481,822 shares in the company, valued at $8,879,979.46. This represents a 0.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, March 17th, Mark Barrysmith sold 1,445 shares of Unity Software stock. The shares were sold at an average price of $20.61, for a total transaction of $29,781.45.
• On Tuesday, February 25th, Mark Barrysmith sold 12,019 shares of Unity Software stock. The stock was 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 stock was sold at an average price of $21.68, for a total value of $30,243.60.

Unity Software Stock Performance

NYSE U traded up $0.08 during midday trading on Monday, hitting $19.31. The company had a trading volume of 6,102,716 shares, compared to its average volume of 10,903,830. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The firm has a fifty day simple moving average of $21.53 and a two-hundred day simple moving average of $22.02. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $30.88. The stock has a market cap of $7.91 billion, a price-to-earnings ratio of -11.49 and a beta of 2.31.

Unity Software (NYSE:U - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.05. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The business had revenue of $457.10 million for the quarter, compared to analyst estimates of $433.47 million. Equities analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in Unity Software by 9.7% in the third quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company's stock valued at $106,008,000 after purchasing an additional 413,474 shares in the last quarter. Tidal Investments LLC increased its position in shares of Unity Software by 4.9% in the 3rd quarter. Tidal Investments LLC now owns 15,410 shares of the company's stock valued at $349,000 after buying an additional 723 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new stake in Unity Software during the 3rd quarter worth $728,000. Versant Capital Management Inc lifted its holdings in 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. Finally, GAMMA Investing LLC grew its stake in Unity Software by 33.6% in 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. Institutional investors and hedge funds own 73.46% of the company's stock.

Analyst Upgrades and Downgrades

U has been the subject of a number of recent research reports. Wedbush restated an "outperform" rating and set a $27.00 price objective on shares of Unity Software in a research note on Thursday, February 13th. Barclays lifted their price objective on shares of Unity Software from $18.00 to $26.00 and gave the company an "equal weight" rating in a research report on Friday, February 21st. Jefferies Financial Group decreased their target price on shares of Unity Software from $24.00 to $16.00 and set a "hold" rating for the company in a research report on Monday, April 7th. JMP Securities reiterated a "market perform" rating on shares of Unity Software in a research report on Monday, February 3rd. Finally, Benchmark upgraded Unity Software from a "sell" rating to a "hold" rating in a research report on Thursday, February 20th. Ten 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's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $23.96.

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.