Unity Software (NYSE:U) CAO Sells $360,053.46 in Stock

Unity Software Inc. (NYSE:U) CAO Mark Barrysmith sold 13,247 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total transaction of $360,053.46. Following the sale, the chief accounting officer owned 370,654 shares of the company’s stock, valued at $10,074,375.72. This trade represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Unity Software Stock Performance

Shares of Unity Software stock traded up $2.13 on Thursday, hitting $29.89. The stock had a trading volume of 14,147,768 shares, compared to its average volume of 15,750,138. The stock has a market cap of $13.05 billion, a price-to-earnings ratio of -19.04, a price-to-earnings-growth ratio of 3.42 and a beta of 2.04. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.56. Unity Software Inc. has a twelve month low of $16.78 and a twelve month high of $52.15. The business’s 50 day moving average is $24.00 and its two-hundred day moving average is $31.51.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Barclays increased their price objective on Unity Software from $28.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Bank of America upped their price target on shares of Unity Software from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, March 27th. UBS Group upped their price target on shares of Unity Software from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Morgan Stanley upped their price target on shares of Unity Software from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, March 27th. Finally, Citigroup dropped their price objective on shares of Unity Software from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Unity Software currently has a consensus rating of “Moderate Buy” and an average price target of $38.77.

Institutional Trading of Unity Software

Large investors have recently modified their holdings of the stock. Root Financial Partners LLC bought a new position in shares of Unity Software in the third quarter worth $27,000. REAP Financial Group LLC acquired a new position in Unity Software in the fourth quarter valued at about $28,000. Larson Financial Group LLC lifted its position in Unity Software by 88.1% during the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after purchasing an additional 341 shares during the period. V Square Quantitative Management LLC bought a new stake in Unity Software during the fourth quarter worth about $30,000. Finally, IFP Advisors Inc acquired a new stake in Unity Software during the third quarter worth about $33,000. 73.46% of the stock is owned by institutional investors and hedge funds.

About Unity Software

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.