Unity Software Inc. (NYSE:U) CAO Sells $30,243.60 in Stock

Unity Software Inc. (NYSE:U) CAO Mark Barrysmith sold 1,395 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $21.68, for a total transaction of $30,243.60. Following the transaction, the chief accounting officer now directly owns 450,881 shares in the company, valued at approximately $9,775,100.08. This represents a 0.31 % decrease in their position. The transaction 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 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 transaction 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 transaction of $30,012.32.
• On Monday, November 25th, Mark Barrysmith sold 8,112 shares of Unity Software stock. The stock was sold at an average price of $24.38, for a total transaction of $197,770.56.

Unity Software Price Performance

U opened at $21.82 on Wednesday. The firm has a market cap of $8.79 billion, a price-to-earnings ratio of -10.69 and a beta of 2.32. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $33.43. The company has a fifty day simple moving average of $22.52 and a 200 day simple moving average of $20.93.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Soviero Asset Management LP acquired a new position in Unity Software during the 4th quarter worth $2,247,000. Sphera Management Technology Funds Ltd acquired a new position in Unity Software during the 4th quarter worth $1,128,000. Two Sigma Advisers LP acquired a new position in Unity Software during the 4th quarter worth $494,000. Two Sigma Investments LP acquired a new position in Unity Software during the 4th quarter worth $22,999,000. Finally, Tidal Investments LLC boosted its holdings in shares of Unity Software by 32.6% in the 4th quarter. Tidal Investments LLC now owns 20,428 shares of the company’s stock valued at $459,000 after buying an additional 5,018 shares during the period. 73.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

U has been the topic of a number of research reports. UBS Group raised their target price on shares of Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Jefferies Financial Group raised their target price on shares of Unity Software from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Macquarie raised their target price on shares of Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a research note on Friday, November 8th. Barclays raised their target price on shares of Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Finally, Morgan Stanley raised their target price on shares of Unity Software from $24.00 to $26.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $22.81.

About Unity Software

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.