Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev Sells 166,667 Shares

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 166,667 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $20.99, for a total transaction of $3,498,340.33. Following the completion of the sale, the director now owns 3,481,479 shares of the company’s stock, valued at $73,076,244.21. This trade represents a 4.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Thursday, January 2nd, Tomer Bar-Zeev sold 250,000 shares of Unity Software stock. The shares were sold at an average price of $25.02, for a total transaction of $6,255,000.00.
• On Wednesday, December 4th, Tomer Bar-Zeev sold 210,000 shares of Unity Software stock. The stock was sold at an average price of $26.23, for a total transaction of $5,508,300.00.
• 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 Stock Performance

Shares of Unity Software stock traded up $0.18 during trading on Tuesday, hitting $21.57. 2,124,719 shares of the stock were exchanged, compared to its average volume of 8,912,251. The stock’s fifty day moving average is $23.49 and its 200 day moving average is $20.57. The stock has a market cap of $8.69 billion, a PE ratio of -10.58 and a beta of 2.32. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $35.56.

Unity Software (NYSE:U) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.08. The business had revenue of $446.52 million during the quarter, compared to analyst estimates of $428.01 million. Unity Software had a negative net margin of 40.47% and a negative return on equity of 11.30%. During the same quarter in the prior year, the firm earned ($0.12) earnings per share. As a group, sell-side analysts anticipate that Unity Software Inc. will post -1.72 EPS for the current year.

Hedge Funds Weigh In On Unity Software

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC grew its position in Unity Software by 343.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock valued at $28,000 after buying an additional 949 shares in the last quarter. R Squared Ltd acquired a new stake in Unity Software in the 4th quarter valued at about $30,000. Principal Securities Inc. lifted its holdings in Unity Software by 50.5% in the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after acquiring an additional 477 shares during the last quarter. Planning Capital Management Corp acquired a new stake in Unity Software in the 3rd quarter valued at about $34,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Unity Software by 163.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after acquiring an additional 1,389 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on U. Needham & Company LLC lifted their price target on shares of Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, November 8th. JMP Securities restated a “market perform” rating on shares of Unity Software in a report on Monday. Oppenheimer reiterated a “market perform” rating on shares of Unity Software in a research note on Friday, October 18th. UBS Group boosted their price objective on shares of Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Barclays boosted their target price on shares of Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $22.81.

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.