Mark Barrysmith Sells 1,395 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U) CAO Mark Barrysmith sold 1,395 shares of Unity Software stock in a transaction 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 sale, the chief accounting officer now directly owns 450,881 shares of the company’s stock, valued at approximately $9,775,100.08. This trade represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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 Trading Down 1.6 %

Shares of Unity Software stock opened at $21.48 on Thursday. Unity Software Inc. has a 52-week low of $13.90 and a 52-week high of $33.43. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The company’s 50-day simple moving average is $22.42 and its 200-day simple moving average is $20.94. The firm has a market cap of $8.65 billion, a price-to-earnings ratio of -10.53 and a beta of 2.32.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Anderson Financial Strategies LLC acquired a new position in shares of Unity Software during the fourth quarter worth about $28,000. R Squared Ltd acquired a new position in Unity Software during the fourth quarter worth about $30,000. Principal Securities Inc. grew its position in Unity Software by 50.5% during the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after buying an additional 477 shares during the period. Planning Capital Management Corp acquired a new position in Unity Software during the third quarter worth about $34,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Unity Software during the fourth quarter worth about $36,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on U shares. Needham & Company LLC boosted their price target on shares of Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Barclays boosted their price target on shares of Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. UBS Group boosted their price target on shares of Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Wells Fargo & Company started coverage on shares of Unity Software in a research report on Monday, October 28th. They issued an “equal weight” rating and a $20.00 price target for the company. Finally, Morgan Stanley boosted their price target on shares of Unity Software from $24.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $22.81.

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.