Key Points
- Director David Helgason sold a total of 708,347 shares of Unity over Dec. 10–11 for roughly $35.32 million, leaving him with 5,832,485 shares (a ~5% ownership reduction) valued at about $292.56 million.
- Unity's most recent quarter beat estimates with $0.20 EPS (vs. $0.17) and $470.62 million in revenue, but the company still shows a negative net margin (-24.15%) and negative return on equity (-9.45%).
- The stock opened down 6.1% at $46.24 and trades between a 12‑month low of $15.33 and high of $52.15, while analysts give Unity an average rating of "Moderate Buy" with an average target of $43.04 after several recent upgrades.
Unity Software Inc. (NYSE:U - Get Free Report) CAO Mark Barrysmith sold 14,407 shares of Unity Software stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $50.01, for a total transaction of $720,494.07. Following the completion of the sale, the chief accounting officer owned 394,479 shares in the company, valued at approximately $19,727,894.79. This trade represents a 3.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Mark Barrysmith also recently made the following trade(s):
- On Tuesday, November 25th, Mark Barrysmith sold 13,684 shares of Unity Software stock. The stock was sold at an average price of $41.38, for a total transaction of $566,243.92.
- On Monday, November 24th, Mark Barrysmith sold 29,599 shares of Unity Software stock. The stock was sold at an average price of $41.41, for a total transaction of $1,225,694.59.
- On Monday, November 17th, Mark Barrysmith sold 817 shares of Unity Software stock. The shares were sold at an average price of $36.60, for a total transaction of $29,902.20.
- On Thursday, October 16th, Mark Barrysmith sold 802 shares of Unity Software stock. The stock was sold at an average price of $36.22, for a total transaction of $29,048.44.
- On Tuesday, September 16th, Mark Barrysmith sold 645 shares of Unity Software stock. The stock was sold at an average price of $46.52, for a total transaction of $30,005.40.
Unity Software Stock Performance
Unity Software stock opened at $46.24 on Friday. Unity Software Inc. has a fifty-two week low of $15.33 and a fifty-two week high of $52.15. The stock's 50 day simple moving average is $39.90 and its two-hundred day simple moving average is $35.82. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.78 and a current ratio of 2.78. The stock has a market cap of $19.78 billion, a price-to-earnings ratio of -44.03 and a beta of 2.04.
Unity Software (NYSE:U - Get Free Report) last released its earnings results on Wednesday, November 5th. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.03. Unity Software had a negative return on equity of 9.45% and a negative net margin of 24.15%.The company had revenue of $470.62 million during the quarter, compared to analysts' expectations of $452.87 million. During the same quarter last year, the business posted ($0.31) EPS. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of U. CX Institutional bought a new stake in Unity Software in the 2nd quarter worth about $25,000. Root Financial Partners LLC purchased a new stake in shares of Unity Software during the 3rd quarter valued at about $27,000. Banque Transatlantique SA purchased a new stake in shares of Unity Software during the 1st quarter valued at about $28,000. Atlantic Union Bankshares Corp purchased a new position in shares of Unity Software during the second quarter valued at approximately $28,000. Finally, 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 valued at $29,000 after purchasing an additional 341 shares during the period. Hedge funds and other institutional investors own 73.46% of the company's stock.
Analyst Upgrades and Downgrades
U has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of Unity Software from $40.00 to $44.00 and gave the company an "overweight" rating in a report on Monday, October 20th. BTIG Research raised shares of Unity Software from a "neutral" rating to a "buy" rating and set a $60.00 price target for the company in a research report on Thursday. Arete Research upgraded shares of Unity Software from a "neutral" rating to a "buy" rating and set a $48.00 price objective on the stock in a report on Monday, December 1st. The Goldman Sachs Group assumed coverage on shares of Unity Software in a research note on Wednesday, October 15th. They set a "neutral" rating and a $38.00 target price for the company. Finally, Piper Sandler raised Unity Software from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $43.00 to $59.00 in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Unity Software presently has an average rating of "Moderate Buy" and an average price target of $43.04.
Get Our Latest Stock Analysis on U
About Unity Software
(
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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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