Unity Software Inc. (NYSE:U) CFO Sells $197,770.56 in Stock

Unity Software Inc. (NYSE:U) CFO Mark Barrysmith sold 8,112 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $24.38, for a total transaction of $197,770.56. Following the completion of the sale, the chief financial officer now directly owns 454,866 shares of the company’s stock, valued at $11,089,633.08. This represents a 1.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Unity Software Stock Performance

Shares of U stock opened at $23.37 on Wednesday. The firm has a 50 day moving average of $21.11 and a two-hundred day moving average of $18.61. The stock has a market capitalization of $9.41 billion, a PE ratio of -11.45 and a beta of 2.29. 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 $43.54.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in Unity Software by 9.7% in the third quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock worth $106,008,000 after acquiring an additional 413,474 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Unity Software by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,324,694 shares of the company’s stock worth $37,806,000 after purchasing an additional 200,008 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Unity Software by 35.0% during the second quarter. Van ECK Associates Corp now owns 1,956,029 shares of the company’s stock worth $31,805,000 after purchasing an additional 507,274 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Unity Software by 100.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock worth $42,662,000 after purchasing an additional 944,709 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Unity Software by 40.6% in the second quarter. Bank of New York Mellon Corp now owns 1,471,671 shares of the company’s stock valued at $23,929,000 after buying an additional 424,806 shares in the last quarter. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on U. UBS Group increased their price target on shares of Unity Software from $15.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Oppenheimer reiterated a “market perform” rating on shares of Unity Software in a research report on Friday, October 18th. Stifel Nicolaus lifted their target price on Unity Software from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Piper Sandler reiterated a “neutral” rating and set a $17.00 price target (down from $25.00) on shares of Unity Software in a report on Friday, August 9th. Finally, JMP Securities restated a “market perform” rating on shares of Unity Software in a report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Unity Software has a consensus rating of “Hold” and an average target price of $23.35.

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.