Mark Barrysmith Sells 14,407 Shares of Unity Software (NYSE:U) Stock

Unity Software Inc. (NYSE:U) CAO Mark Barrysmith sold 14,407 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $50.01, for a total value of $720,494.07. Following the sale, the chief accounting officer directly owned 394,479 shares in the company, valued at approximately $19,727,894.79. The trade was a 3.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, November 25th, Mark Barrysmith sold 13,684 shares of Unity Software stock. The shares were sold at an average price of $41.38, for a total transaction of $566,243.92.
• On Monday, November 24th, Mark Barrysmith sold 29,599 shares of Unity Software stock. The stock was sold at an average price of $41.41, for a total transaction of $1,225,694.59.
• On Monday, November 17th, Mark Barrysmith sold 817 shares of Unity Software stock. The stock was sold at an average price of $36.60, for a total transaction of $29,902.20.
• On Thursday, October 16th, Mark Barrysmith sold 802 shares of Unity Software stock. The shares were sold at an average price of $36.22, for a total transaction of $29,048.44.
• On Tuesday, September 16th, Mark Barrysmith sold 645 shares of Unity Software stock. The shares were sold at an average price of $46.52, for a total transaction of $30,005.40.

Unity Software Stock Down 6.1%

U stock opened at $46.24 on Friday. The company has a 50 day moving average price of $39.90 and a two-hundred day moving average price of $35.92. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.78 and a current ratio of 2.78. The stock has a market capitalization of $19.78 billion, a P/E ratio of -44.03 and a beta of 2.04. Unity Software Inc. has a one year low of $15.33 and a one year high of $52.15.

Unity Software (NYSE:U) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. Unity Software had a negative return on equity of 9.45% and a negative net margin of 24.15%.The company had revenue of $470.62 million for the quarter, compared to analyst estimates of $452.87 million. During the same quarter in the prior year, the company posted ($0.31) EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, sell-side analysts expect that Unity Software Inc. will post -1.25 EPS for the current year.

Hedge Funds Weigh In On Unity Software

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC boosted its position in Unity Software by 10.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,967 shares of the company’s stock worth $119,000 after purchasing an additional 288 shares during the period. Newbridge Financial Services Group Inc. raised its position in Unity Software by 12.9% in the third quarter. Newbridge Financial Services Group Inc. now owns 2,696 shares of the company’s stock valued at $108,000 after purchasing an additional 308 shares during the period. Xponance Inc. lifted its stake in shares of Unity Software by 1.8% during the third quarter. Xponance Inc. now owns 18,291 shares of the company’s stock worth $732,000 after purchasing an additional 328 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Unity Software by 88.1% in the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after buying an additional 341 shares during the period. Finally, Allworth Financial LP boosted its position in shares of Unity Software by 28.4% in the second quarter. Allworth Financial LP now owns 1,865 shares of the company’s stock worth $45,000 after buying an additional 412 shares during the period. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on U shares. HSBC downgraded shares of Unity Software from a “buy” rating to a “hold” rating and upped their price objective for the company from $37.50 to $40.80 in a research note on Tuesday, September 30th. Wall Street Zen raised shares of Unity Software from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. BTIG Research raised shares of Unity Software from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Thursday. Morgan Stanley boosted their price objective on shares of Unity Software from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, Piper Sandler upgraded Unity Software from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $43.00 to $59.00 in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Unity Software presently has an average rating of “Moderate Buy” and a consensus target price of $43.04.

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.