Mark Barrysmith Sells 1,414 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U) CAO Mark Barrysmith sold 1,414 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $21.42, for a total value of $30,287.88. Following the completion of the transaction, the chief accounting officer now directly owns 480,408 shares of the company’s stock, valued at approximately $10,290,339.36. The trade was a 0.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Wednesday, April 16th, Mark Barrysmith sold 1,595 shares of Unity Software stock. The shares were sold at an average price of $18.43, for a total value of $29,395.85.
• 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 stock was 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 Trading Up 7.3%

NYSE:U opened at $22.77 on Friday. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $9.46 billion, a PE ratio of -13.55 and a beta of 2.29. The firm’s 50 day moving average is $20.52 and its 200 day moving average is $22.05. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $30.88.

Unity Software (NYSE:U) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.19. The company had revenue of $435.00 million for the quarter, compared to analysts’ expectations of $415.77 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. Unity Software’s revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 EPS. Sell-side analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on U shares. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a report on Monday, February 3rd. HSBC upgraded Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Friday, February 21st. Hsbc Global Res upgraded Unity Software to a “strong-buy” rating in a research report on Friday, February 21st. Wells Fargo & Company lowered their target price on Unity Software from $22.00 to $19.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Finally, Morgan Stanley dropped their price objective on Unity Software from $32.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $24.21.

Institutional Investors Weigh In On Unity Software

A number of hedge funds and other institutional investors have recently bought and sold shares of U. Cornerstone Planning Group LLC raised its holdings in 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 acquiring an additional 1,212 shares during the period. Anderson Financial Strategies LLC bought a new stake in Unity Software during the 4th quarter valued at $28,000. Banque Transatlantique SA bought a new stake in Unity Software during the 1st quarter valued at $28,000. R Squared Ltd bought a new stake in Unity Software during the 4th quarter valued at $30,000. Finally, Principal Securities Inc. increased its holdings 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 purchasing an additional 477 shares during the period. 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.