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 Unity Software stock in a transaction on Monday, November 25th. The stock was sold at an average price of $24.38, for a total transaction of $197,770.56. Following the sale, the chief financial officer now owns 454,866 shares in the company, valued at $11,089,633.08. This represents a 1.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Unity Software Trading Up 0.5 %

Shares of NYSE U opened at $23.48 on Thursday. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $43.54. The company has a 50-day moving average of $21.18 and a two-hundred day moving average of $18.64. The company has a market cap of $9.46 billion, a PE ratio of -11.51 and a beta of 2.29. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wedbush lifted their target price on shares of Unity Software from $21.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Benchmark lifted their price objective on Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a report on Friday, November 8th. Wells Fargo & Company started coverage on Unity Software in a report on Monday, October 28th. They issued an “equal weight” rating and a $20.00 target price for the company. Barclays boosted their price target on Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Finally, JMP Securities reiterated a “market perform” rating on shares of Unity Software in a research note on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Unity Software presently has an average rating of “Hold” and an average target price of $23.35.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in 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 acquiring an additional 949 shares during the last quarter. Planning Capital Management Corp bought a new stake in Unity Software in the third quarter valued at about $34,000. Northwestern Mutual Wealth Management Co. lifted its stake 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 buying an additional 1,389 shares during the period. Brooklyn Investment Group bought a new position in Unity Software during the third quarter worth about $43,000. Finally, Blue Trust Inc. increased its stake in shares of Unity Software by 308.8% in the 2nd quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock valued at $51,000 after acquiring an additional 2,359 shares during the last quarter. 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.