Unity Software Inc. (NYSE:U) CFO Mark Barrysmith Sells 8,112 Shares

Unity Software Inc. (NYSE:U) CFO Mark Barrysmith sold 8,112 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $24.38, for a total value of $197,770.56. Following the transaction, the chief financial officer now owns 454,866 shares of the company’s stock, valued at approximately $11,089,633.08. The trade was a 1.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Unity Software Price Performance

Shares of U opened at $24.01 on Tuesday. The company’s fifty day moving average price is $21.06 and its 200-day moving average price is $18.59. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $43.54. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The firm has a market capitalization of $9.67 billion, a PE ratio of -11.77 and a beta of 2.29.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on U. UBS Group boosted their target price 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. Benchmark upped their target price on shares of Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a research note on Friday, November 8th. Macquarie raised their target price on shares of Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a research report on Friday, November 8th. Piper Sandler reiterated a “neutral” rating and issued a $17.00 price target (down previously from $25.00) on shares of Unity Software in a report on Friday, August 9th. Finally, Wells Fargo & Company began coverage on Unity Software in a report on Monday, October 28th. They set an “equal weight” rating and a $20.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Unity Software has an average rating of “Hold” and an average target price of $23.35.

Institutional Trading of Unity Software

Several large investors have recently added to or reduced their stakes in U. GAMMA Investing LLC boosted its holdings in shares of Unity Software by 343.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock valued at $28,000 after acquiring an additional 949 shares during the last quarter. Planning Capital Management Corp acquired a new position in Unity Software during the third quarter valued at $34,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Unity Software by 163.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after purchasing an additional 1,389 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Unity Software in the third quarter valued at $43,000. Finally, Blue Trust Inc. raised its stake in shares of Unity Software by 308.8% during the 2nd quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock valued at $51,000 after buying an additional 2,359 shares during the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

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.