Tomer Bar-Zeev Sells 210,000 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 210,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $26.23, for a total value of $5,508,300.00. Following the transaction, the director now owns 967,650 shares in the company, valued at approximately $25,381,459.50. This trade represents a 17.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Tomer Bar-Zeev also recently made the following trade(s):

• On Friday, November 15th, Tomer Bar-Zeev sold 250,000 shares of Unity Software stock. The stock was sold at an average price of $17.52, for a total transaction of $4,380,000.00.

Unity Software Trading Up 0.4 %

Shares of U opened at $27.73 on Friday. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock has a market cap of $11.17 billion, a PE ratio of -13.57 and a beta of 2.33. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $43.54. The stock has a 50 day simple moving average of $21.58 and a 200-day simple moving average of $18.78.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group lowered their price target 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. Macquarie upped their price target on Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a report on Friday, November 8th. Wedbush increased their price objective on Unity Software from $21.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Stifel Nicolaus boosted their target price on shares of Unity Software from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Finally, UBS Group increased their price target 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, Unity Software has an average rating of “Hold” and a consensus target price of $23.35.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in shares of Unity Software by 343.8% during the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after buying an additional 949 shares in the last quarter. Planning Capital Management Corp bought a new stake in Unity Software during the 3rd quarter worth approximately $34,000. Northwestern Mutual Wealth Management Co. increased its holdings in Unity Software by 163.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after purchasing an additional 1,389 shares in the last quarter. Brooklyn Investment Group bought a new position in Unity Software in the 3rd quarter valued at $43,000. Finally, Blue Trust Inc. boosted its stake in Unity Software by 308.8% in the second quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock worth $51,000 after purchasing an additional 2,359 shares in the last quarter. 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.