Unity Software Inc. (NYSE:U - Get Free Report) CAO Mark Barrysmith sold 1,445 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $20.61, for a total transaction of $29,781.45. Following the completion of the sale, the chief accounting officer now owns 483,417 shares of the company's stock, valued at $9,963,224.37. This trade represents a 0.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Mark Barrysmith also recently made the following trade(s):
- 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 transaction 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 transaction of $30,243.60.
- On Thursday, January 16th, Mark Barrysmith sold 1,362 shares of Unity Software stock. The stock was sold at an average price of $21.91, for a total transaction of $29,841.42.
Unity Software Stock Performance
NYSE:U opened at $21.18 on Wednesday. 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 firm has a 50-day moving average price of $22.62 and a two-hundred day moving average price of $22.03. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $30.88. The company has a market capitalization of $8.67 billion, a P/E ratio of -12.60 and a beta of 2.27.
Unity Software (NYSE:U - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, topping analysts' consensus estimates of ($0.35) by $0.05. The business had revenue of $457.10 million during the quarter, compared to the consensus estimate of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. As a group, research analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Unity Software
Hedge funds and other institutional investors have recently modified their holdings of the company. Anderson Financial Strategies LLC purchased a new stake in shares of Unity Software during the fourth quarter worth about $28,000. R Squared Ltd acquired a new stake in shares of Unity Software in the fourth quarter worth approximately $30,000. Principal Securities Inc. boosted its position 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 acquiring an additional 477 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Unity Software in the fourth quarter worth approximately $36,000. Finally, GAMMA Investing LLC boosted its position in shares of Unity Software by 33.6% in the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company's stock worth $37,000 after acquiring an additional 411 shares during the last quarter. 73.46% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several analysts have recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Unity Software from $27.00 to $22.00 and set an "equal weight" rating for the company in a research note on Monday, March 10th. HSBC upgraded shares of Unity Software from a "hold" rating to a "buy" rating and set a $34.00 price objective for the company in a research note on Friday, February 21st. Barclays raised their price objective on shares of Unity Software from $18.00 to $26.00 and gave the company an "equal weight" rating in a research note on Friday, February 21st. Jefferies Financial Group raised their price objective on shares of Unity Software from $23.00 to $28.00 and gave the company a "hold" rating in a research note on Friday, February 21st. Finally, JMP Securities reiterated a "market perform" rating on shares of Unity Software in a research note on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Unity Software has an average rating of "Moderate Buy" and a consensus target price of $25.61.
Check Out Our Latest Stock Analysis on Unity Software
Unity Software Company Profile
(
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.
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