Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev Sells 83,333 Shares of Stock

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 83,333 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $25.44, for a total value of $2,119,991.52. Following the transaction, the director now owns 3,398,146 shares of the company’s stock, valued at approximately $86,448,834.24. This represents a 2.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• 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 value of $3,498,340.33.
• 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 value 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 value of $5,508,300.00.

Unity Software Price Performance

Shares of NYSE:U opened at $28.31 on Friday. The business’s 50 day simple moving average is $22.53 and its 200-day simple moving average is $21.08. The firm has a market capitalization of $11.41 billion, a price-to-earnings ratio of -16.85 and a beta of 2.32. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $33.43.

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

Institutional Investors Weigh In On Unity Software

Several institutional investors have recently modified their holdings of the company. Ariose Capital Management Ltd purchased a new stake in Unity Software in the 4th quarter valued at approximately $2,299,000. Charles Schwab Investment Management Inc. lifted its stake in Unity Software by 100.4% in 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 buying an additional 944,709 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Unity Software by 2,665.4% in the 3rd quarter. CIBC Asset Management Inc now owns 342,472 shares of the company’s stock valued at $7,747,000 after buying an additional 330,088 shares in the last quarter. LMR Partners LLP purchased a new stake in Unity Software in the 3rd quarter valued at approximately $611,000. Finally, Edgestream Partners L.P. lifted its stake 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 in the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on U. Wedbush reaffirmed an “outperform” rating and set a $27.00 price target on shares of Unity Software in a report on Thursday, February 13th. Barclays boosted their price target on Unity Software from $18.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday. Morgan Stanley boosted their price target on Unity Software from $26.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday. Hsbc Global Res upgraded Unity Software to a “strong-buy” rating in a research report on Friday. Finally, Macquarie boosted their target price on Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $25.96.

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.