Mark Barrysmith Sells 1,228 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U) CFO Mark Barrysmith sold 1,228 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $24.44, for a total transaction of $30,012.32. Following the transaction, the chief financial officer now owns 453,638 shares of the company’s stock, valued at $11,086,912.72. This represents a 0.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, November 25th, Mark Barrysmith sold 8,112 shares of Unity Software stock. The stock was sold at an average price of $24.38, for a total value of $197,770.56.

Unity Software Trading Down 9.4 %

Unity Software stock opened at $22.34 on Thursday. The company has a current ratio of 2.41, a quick ratio of 2.41 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 $43.54. The firm has a market capitalization of $9.00 billion, a price-to-earnings ratio of -10.95 and a beta of 2.33. The firm has a 50 day moving average of $22.32 and a 200 day moving average of $19.16.

Institutional Investors Weigh In On Unity Software

A number of institutional investors have recently bought and sold shares of U. Oddo BHF Asset Management Sas bought a new stake in Unity Software in the 3rd quarter valued at $728,000. Tidal Investments LLC lifted its position in shares of Unity Software by 4.9% in the third quarter. Tidal Investments LLC now owns 15,410 shares of the company’s stock worth $349,000 after buying an additional 723 shares in the last quarter. Neo Ivy Capital Management purchased a new position in Unity Software during the 3rd quarter valued at approximately $714,000. Coldstream Capital Management Inc. increased its stake in Unity Software by 1.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 140,659 shares of the company’s stock worth $3,180,000 after acquiring an additional 1,424 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Unity Software by 9.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock valued at $106,008,000 after acquiring an additional 413,474 shares during the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on U shares. Stifel Nicolaus upped their price target on shares of Unity Software from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Morgan Stanley upgraded Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price target on the stock in a report on Tuesday, September 3rd. Wells Fargo & Company started coverage on shares of Unity Software in a report on Monday, October 28th. They issued an “equal weight” rating and a $20.00 price objective for the company. Wedbush upped their price objective on shares of Unity Software from $21.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Finally, Macquarie upped their target price on shares of Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $22.21.

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.