Unity Software Inc. (NYSE:U) CAO Mark Barrysmith Sells 12,019 Shares

Unity Software Inc. (NYSE:U - Get Free Report) CAO Mark Barrysmith sold 12,019 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $25.42, for a total value of $305,522.98. Following the completion of the sale, the chief accounting officer now directly owns 438,862 shares of the company's stock, valued at $11,155,872.04. This trade represents a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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.
• On Thursday, January 16th, Mark Barrysmith sold 1,362 shares of Unity Software stock. The stock was sold at an average price of $21.91, for a total value of $29,841.42.
• On Monday, December 16th, Mark Barrysmith sold 1,228 shares of Unity Software stock. The stock was sold at an average price of $24.44, for a total value of $30,012.32.

Unity Software Stock Performance

U traded down $0.60 during trading on Friday, hitting $25.58. 13,728,765 shares of the stock were exchanged, compared to its average volume of 12,864,354. The firm has a market capitalization of $10.48 billion, a P/E ratio of -15.22 and a beta of 2.32. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $30.88. The stock has a fifty day moving average price of $22.82 and a two-hundred day moving average price of $21.56. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Soviero Asset Management LP purchased a new stake in shares of Unity Software in the fourth quarter valued at approximately $2,247,000. Sphera Management Technology Funds Ltd purchased a new stake in shares of Unity Software in the fourth quarter valued at $1,128,000. Two Sigma Advisers LP purchased a new stake in shares of Unity Software in the fourth quarter valued at $494,000. Two Sigma Investments LP purchased a new stake in shares of Unity Software in the fourth quarter valued at $22,999,000. Finally, Tidal Investments LLC lifted its position in shares of Unity Software by 32.6% in the fourth quarter. Tidal Investments LLC now owns 20,428 shares of the company's stock valued at $459,000 after acquiring an additional 5,018 shares in the last quarter. Institutional investors and hedge funds own 73.46% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on U shares. Benchmark raised Unity Software from a "sell" rating to a "hold" rating in a research report on Thursday, February 20th. Needham & Company LLC raised their price objective on Unity Software from $26.00 to $33.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Macquarie raised their price objective on Unity Software from $15.00 to $16.00 and gave the stock an "underperform" rating in a research report on Friday, November 8th. JMP Securities restated a "market perform" rating on shares of Unity Software in a report on Monday, February 3rd. Finally, Hsbc Global Res upgraded Unity Software to a "strong-buy" rating in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Unity Software has a consensus rating of "Hold" and a consensus target price of $25.04.

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.