Mark Barrysmith Sells 1,011 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U - Get Free Report) CAO Mark Barrysmith sold 1,011 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $32.30, for a total value of $32,655.30. Following the transaction, the chief accounting officer owned 464,372 shares in the company, valued at $14,999,215.60. This trade represents a 0.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Tuesday, May 27th, Mark Barrysmith sold 13,757 shares of Unity Software stock. The stock was sold at an average price of $21.23, for a total value of $292,061.11.
• On Friday, May 16th, Mark Barrysmith sold 1,414 shares of Unity Software stock. The stock was sold at an average price of $21.42, for a total value of $30,287.88.

Unity Software Stock Up 14.3%

U stock traded up $4.26 during midday trading on Wednesday, hitting $33.95. The company's stock had a trading volume of 40,090,767 shares, compared to its average volume of 11,855,267. The firm's 50-day moving average is $24.53 and its 200-day moving average is $22.70. The company has a current ratio of 2.74, a quick ratio of 2.74 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 $34.55. The company has a market cap of $14.11 billion, a PE ratio of -30.31 and a beta of 2.29.

Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.19. Unity Software had a negative return on equity of 14.12% and a negative net margin of 25.21%. The firm had revenue of $435.00 million during the quarter, compared to analysts' expectations of $415.77 million. During the same quarter in the previous year, the business earned $0.28 earnings per share. The company's revenue was down 5.5% on a year-over-year basis. On average, equities research analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

U has been the topic of a number of research analyst reports. Jefferies Financial Group upped their target price on Unity Software from $29.00 to $35.00 and gave the stock a "buy" rating in a report on Wednesday. Morgan Stanley reduced their target price on Unity Software from $32.00 to $25.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. UBS Group reduced their target price on Unity Software from $30.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Needham & Company LLC reduced their target price on Unity Software from $33.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Stifel Nicolaus dropped their price target on Unity Software from $35.00 to $28.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Unity Software presently has a consensus rating of "Moderate Buy" and an average target price of $25.20.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. CX Institutional bought a new position in shares of Unity Software during the 2nd quarter valued at $25,000. Cornerstone Planning Group LLC lifted its holdings in shares of Unity Software by 30,300.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company's stock valued at $25,000 after buying an additional 1,212 shares during the period. Anderson Financial Strategies LLC bought a new position in shares of Unity Software during the 4th quarter valued at $28,000. Banque Transatlantique SA bought a new position in shares of Unity Software during the 1st quarter valued at $28,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Unity Software during the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 73.46% of the company's stock.

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.

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