Mark Barrysmith Sells 1,595 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U) CAO Mark Barrysmith sold 1,595 shares of the firm’s stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $18.43, for a total value of $29,395.85. Following the completion of the transaction, the chief accounting officer now owns 481,822 shares of the company’s stock, valued at $8,879,979.46. The trade was a 0.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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 value of $29,781.45.
• On Tuesday, February 25th, Mark Barrysmith sold 12,019 shares of Unity Software stock. The shares were sold at an average price of $25.42, for a total value 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 Price Performance

NYSE:U opened at $19.20 on Friday. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The firm’s 50-day simple moving average is $21.53 and its 200 day simple moving average is $22.02. The firm has a market cap of $7.86 billion, a price-to-earnings ratio of -11.43 and a beta of 2.31.

Unity Software (NYSE:U) last announced its 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 analysts’ expectations of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. As a group, sell-side analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current year.

Hedge Funds Weigh In On Unity Software

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Anderson Financial Strategies LLC bought a new stake in Unity Software during the fourth quarter worth about $28,000. R Squared Ltd acquired a new position in shares of Unity Software in the 4th quarter valued at approximately $30,000. Principal Securities Inc. boosted its position in shares of Unity Software by 50.5% during the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after acquiring an additional 477 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Unity Software in the fourth quarter valued at approximately $36,000. Finally, GAMMA Investing LLC raised its position in Unity Software by 33.6% during the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock valued at $37,000 after purchasing an additional 411 shares in the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Macquarie initiated coverage on shares of Unity Software in a report on Monday, March 10th. They set a “neutral” rating and a $24.00 target price on the stock. Citigroup raised shares of Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Tuesday, March 11th. Morgan Stanley reduced their price target on Unity Software from $32.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday. Benchmark upgraded Unity Software from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, Barclays lifted their target price on Unity Software from $18.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.96.

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.