Free Trial

Mark Barrysmith Sells 802 Shares of Unity Software (NYSE:U) Stock

Unity Software logo with Computer and Technology background

Key Points

  • Mark Barrysmith, the Chief Accounting Officer of Unity Software, sold 802 shares on October 16th at an average price of $36.22, totaling $29,048.44, which represents a 0.18% decrease in his ownership.
  • Unity Software's stock is currently trading at $35.15, with its 52-week low at $15.33 and a high of $46.94, reflecting a market capitalization of $14.85 billion and a P/E ratio of -33.16.
  • The company reported a loss of ($0.26) earnings per share, missing estimates, while revenue for the quarter was $440.94 million, exceeding expectations, but showed a 1.9% decline year-over-year.
  • Interested in Unity Software? Here are five stocks we like better.

Unity Software Inc. (NYSE:U - Get Free Report) CAO Mark Barrysmith sold 802 shares of the business's stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $36.22, for a total transaction of $29,048.44. Following the transaction, the chief accounting officer owned 452,986 shares in the company, valued at $16,407,152.92. The trade was a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

  • On Tuesday, September 16th, Mark Barrysmith sold 645 shares of Unity Software stock. The shares were sold at an average price of $46.52, for a total value of $30,005.40.

Unity Software Trading Up 1.2%

NYSE U traded up $0.43 on Friday, reaching $35.15. 7,891,259 shares of the company were exchanged, compared to its average volume of 12,141,095. Unity Software Inc. has a fifty-two week low of $15.33 and a fifty-two week high of $46.94. The stock has a market capitalization of $14.85 billion, a P/E ratio of -33.16 and a beta of 2.32. The business's fifty day moving average price is $40.13 and its 200 day moving average price is $30.00. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.01). The firm had revenue of $440.94 million during the quarter, compared to analysts' expectations of $425.18 million. Unity Software had a negative net margin of 24.38% and a negative return on equity of 13.59%. The business's quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the company earned ($0.32) EPS. Analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on U shares. Wedbush increased their target price on shares of Unity Software from $41.00 to $42.00 and gave the stock an "outperform" rating in a research note on Monday, October 6th. Zacks Research lowered Unity Software from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. UBS Group increased their price target on Unity Software from $22.00 to $33.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Arete lowered shares of Unity Software from a "buy" rating to a "neutral" rating and set a $36.00 target price on the stock. in a research note on Thursday. Finally, Wall Street Zen upgraded shares of Unity Software from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $33.16.

View Our Latest Report on Unity Software

Institutional Investors Weigh In On Unity Software

Several large investors have recently modified their holdings of U. Salem Investment Counselors Inc. acquired a new position in shares of Unity Software in the 3rd quarter valued at $40,000. CX Institutional purchased a new stake in shares of Unity Software in the second quarter valued at about $25,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Unity Software during the second quarter worth about $28,000. Cornerstone Planning Group LLC grew its holdings in shares of Unity Software by 30,300.0% during the first quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company's stock worth $25,000 after buying an additional 1,212 shares during the last quarter. Finally, Roxbury Financial LLC acquired a new position in Unity Software in the 3rd quarter valued at about $60,000. 73.46% of the stock is owned by institutional investors and hedge funds.

About Unity Software

(Get Free Report)

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.

Featured Stories

Insider Buying and Selling by Quarter for Unity Software (NYSE:U)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Unity Software Right Now?

Before you consider Unity Software, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Unity Software wasn't on the list.

While Unity Software currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

These 7 Stocks Will Be Magnificent in 2025 Cover

Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Related Videos

7 Travel Stocks to Buy Before the Holidays
Buy the Dip: 3 Healthcare Stocks Ready to Recover
Follow the Money: 5 Stocks Institutions Are Buying NOW

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines