Insider Selling: Unity Software Inc. (NYSE:U) CFO Sells 8,112 Shares of Stock

Unity Software Inc. (NYSE:U) CFO Mark Barrysmith sold 8,112 shares of the firm’s stock in a transaction that occurred 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 directly owns 454,866 shares in the company, valued at $11,089,633.08. The trade was a 1.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Unity Software Price Performance

Shares of NYSE U opened at $24.01 on Tuesday. The firm has a 50-day simple moving average of $21.06 and a 200-day simple moving average of $18.59. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $9.67 billion, a price-to-earnings ratio of -11.77 and a beta of 2.29. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $43.54.

Institutional Trading of Unity Software

A number of hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its stake in shares of Unity Software by 100.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock worth $42,662,000 after acquiring an additional 944,709 shares during the last quarter. Erste Asset Management GmbH acquired a new position in shares of Unity Software during the 3rd quarter valued at about $12,317,000. Van ECK Associates Corp grew its holdings in shares of Unity Software by 35.0% in the second quarter. Van ECK Associates Corp now owns 1,956,029 shares of the company’s stock valued at $31,805,000 after purchasing an additional 507,274 shares during the period. Monolith Management Ltd acquired a new stake in Unity Software during the third quarter worth about $10,993,000. Finally, Weiss Asset Management LP acquired a new stake in Unity Software during the third quarter worth $10,335,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on U. UBS Group lifted their price objective on shares of Unity Software from $15.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Stifel Nicolaus upped their price target on Unity Software from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Morgan Stanley raised Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective on the stock in a report on Tuesday, September 3rd. JMP Securities restated a “market perform” rating on shares of Unity Software in a research report on Friday, September 13th. Finally, The Goldman Sachs Group decreased their target price on Unity Software from $26.00 to $22.50 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Unity Software presently has a consensus rating of “Hold” and a consensus price target of $23.35.

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.