Insider Selling: Unity Software Inc. (NYSE:U) CAO Sells $29,395.85 in Stock

Unity Software Inc. (NYSE:U - Get Free Report) CAO Mark Barrysmith sold 1,595 shares of the business'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 transaction, the chief accounting officer now owns 481,822 shares in the company, valued at approximately $8,879,979.46. This represents a 0.33 % decrease in their position. The sale 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 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 transaction of $29,781.45.
• On Tuesday, February 25th, Mark Barrysmith sold 12,019 shares of Unity Software stock. The stock was sold at an average price of $25.42, for a total transaction 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 transaction of $30,243.60.

Unity Software Stock Performance

U traded up $1.11 during mid-day trading on Wednesday, reaching $21.28. 5,915,633 shares of the company traded hands, compared to its average volume of 10,888,652. The company's fifty day moving average price is $21.52 and its 200-day moving average price is $21.99. The stock has a market capitalization of $8.72 billion, a P/E ratio of -12.67 and a beta of 2.31. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 52-week low of $13.90 and a 52-week high of $30.88.

Unity Software (NYSE:U - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.05. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The business had revenue of $457.10 million for the quarter, compared to analysts' expectations of $433.47 million. On average, sell-side analysts expect that Unity Software Inc. will post -1.25 EPS for the current year.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on U shares. Macquarie assumed coverage on Unity Software in a research report on Monday, March 10th. They set a "neutral" rating and a $24.00 price target on the stock. Citizens Jmp raised shares of Unity Software from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. Morgan Stanley decreased their price target on shares of Unity Software from $32.00 to $25.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Benchmark raised shares of Unity Software from a "sell" rating to a "hold" rating in a research note on Thursday, February 20th. Finally, Hsbc Global Res raised shares of Unity Software to a "strong-buy" rating in a research note on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Unity Software has an average rating of "Moderate Buy" and a consensus price target of $23.96.

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.