Insider Selling: Unity Software Inc. (NYSE:U) CAO Sells 1,362 Shares of Stock

Unity Software Inc. (NYSE:U) CAO Mark Barrysmith sold 1,362 shares of Unity Software stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $21.91, for a total value of $29,841.42. Following the transaction, the chief accounting officer now owns 452,276 shares of the company’s stock, valued at $9,909,367.16. The trade was a 0.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, December 16th, Mark Barrysmith sold 1,228 shares of Unity Software stock. The stock was sold at an average price of $24.44, for a total value of $30,012.32.
• On Monday, November 25th, Mark Barrysmith sold 8,112 shares of Unity Software stock. The shares were sold at an average price of $24.38, for a total value of $197,770.56.

Unity Software Stock Performance

Shares of U stock opened at $21.73 on Friday. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $35.56. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The stock’s fifty day moving average is $23.02 and its two-hundred day moving average is $20.00.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on U shares. Morgan Stanley lifted their target price on shares of Unity Software from $24.00 to $26.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Wells Fargo & Company assumed coverage on shares of Unity Software in a research report on Monday, October 28th. They issued an “equal weight” rating and a $20.00 price objective for the company. Oppenheimer reissued a “market perform” rating on shares of Unity Software in a research note on Friday, October 18th. Macquarie lifted their price target on Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a research note on Friday, November 8th. Finally, Benchmark increased their price target on Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $22.58.

Institutional Investors Weigh In On Unity Software

A number of hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its holdings in shares of Unity Software by 343.8% in the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock valued at $28,000 after purchasing an additional 949 shares during the last quarter. Planning Capital Management Corp acquired a new position in Unity Software during the third quarter worth $34,000. Northwestern Mutual Wealth Management Co. grew its holdings in Unity Software by 163.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after buying an additional 1,389 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Unity Software in the 3rd quarter worth $43,000. Finally, Versant Capital Management Inc raised its holdings in shares of Unity Software by 186.9% during the 4th quarter. Versant Capital Management Inc now owns 2,812 shares of the company’s stock worth $63,000 after acquiring an additional 1,832 shares during the period. 73.46% of the stock is currently owned by institutional investors and hedge funds.

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.