Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev Sells 236,337 Shares

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 236,337 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $23.92, for a total value of $5,653,181.04. Following the completion of the transaction, the director now directly owns 3,161,809 shares of the company’s stock, valued at approximately $75,630,471.28. This trade represents a 6.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, February 20th, Tomer Bar-Zeev sold 83,333 shares of Unity Software stock. The stock was sold at an average price of $25.44, for a total value of $2,119,991.52.
• On Monday, February 3rd, Tomer Bar-Zeev sold 166,667 shares of Unity Software stock. The shares were sold at an average price of $20.99, for a total transaction of $3,498,340.33.
• On Thursday, January 2nd, Tomer Bar-Zeev sold 250,000 shares of Unity Software stock. The stock was sold at an average price of $25.02, for a total transaction of $6,255,000.00.

Unity Software Stock Up 2.8 %

U opened at $25.42 on Thursday. The company has a market cap of $10.41 billion, a PE ratio of -15.13 and a beta of 2.27. 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 1 year low of $13.90 and a 1 year high of $30.88. The firm has a 50 day moving average price of $22.94 and a 200 day moving average price of $21.70.

Unity Software (NYSE:U) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.05. The company had revenue of $457.10 million during the quarter, compared to analyst estimates of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. Sell-side analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on U. Macquarie upped their price objective on shares of Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a research note on Friday, November 8th. Morgan Stanley increased their price target on Unity Software from $26.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. UBS Group lifted their price objective on Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a research note on Monday, February 3rd. Finally, Wedbush reissued an “outperform” rating and issued a $27.00 price target on shares of Unity Software in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $25.04.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Ariose Capital Management Ltd purchased a new stake in shares of Unity Software during the fourth quarter valued at approximately $2,299,000. Charles Schwab Investment Management Inc. grew its holdings in Unity Software by 100.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock valued at $42,662,000 after purchasing an additional 944,709 shares in the last quarter. CIBC Asset Management Inc increased its stake in Unity Software by 2,665.4% during the 3rd quarter. CIBC Asset Management Inc now owns 342,472 shares of the company’s stock worth $7,747,000 after buying an additional 330,088 shares during the period. LMR Partners LLP acquired a new position in Unity Software in the 3rd quarter worth $611,000. Finally, Edgestream Partners L.P. boosted its position in Unity Software by 637.9% in the 3rd quarter. Edgestream Partners L.P. now owns 102,899 shares of the company’s stock valued at $2,328,000 after buying an additional 88,955 shares during the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.

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.