Unity Software Inc. (NYSE:U) CAO Sells $305,522.98 in Stock

Unity Software Inc. (NYSE:U) CAO Mark Barrysmith sold 12,019 shares of the company’s stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 438,862 shares in the company, valued at approximately $11,155,872.04. The trade was 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 accessible through this hyperlink.

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 opened at $25.58 on Friday. The firm has a market capitalization of $10.48 billion, a P/E ratio of -15.22 and a beta of 2.32. The stock’s 50 day moving average price is $22.82 and its two-hundred day moving average price is $21.49. 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 12-month low of $13.90 and a 12-month high of $30.88.

Unity Software (NYSE:U) last released its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.05. The firm 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%. On average, equities analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on U shares. Wells Fargo & Company upped their target price on Unity Software from $20.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. Barclays increased their price objective on Unity Software from $18.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. Macquarie increased their price objective on Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a report on Friday, November 8th. Needham & Company LLC increased their price objective on Unity Software from $26.00 to $33.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, HSBC raised Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $25.04.

Institutional Trading of Unity Software

A number of hedge funds have recently modified their holdings of U. Norges Bank bought a new stake in shares of Unity Software in the 4th quarter worth approximately $269,320,000. Slate Path Capital LP bought a new stake in shares of Unity Software in the 4th quarter worth approximately $62,387,000. Capital International Investors lifted its position in shares of Unity Software by 10.4% in the 4th quarter. Capital International Investors now owns 18,886,853 shares of the company’s stock worth $424,388,000 after acquiring an additional 1,786,032 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Unity Software by 3,843.9% in the 4th quarter. Ameriprise Financial Inc. now owns 1,769,948 shares of the company’s stock worth $39,771,000 after acquiring an additional 1,725,070 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Unity Software by 366.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,936,131 shares of the company’s stock worth $43,505,000 after buying an additional 1,521,165 shares during the period. Institutional investors own 73.46% of the company’s stock.

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.