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

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 83,333 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $25.44, for a total transaction of $2,119,991.52. Following the sale, the director now directly owns 3,398,146 shares in the company, valued at $86,448,834.24. This represents a 2.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 stock was 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.
• 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.

Unity Software Trading Up 1.1 %

U opened at $28.31 on Friday. The firm’s fifty day moving average is $22.53 and its two-hundred day moving average is $21.13. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The firm has a market cap of $11.41 billion, a PE ratio of -16.85 and a beta of 2.32. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $33.43.

Unity Software (NYSE:U) last posted its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.05. The company had revenue of $457.10 million for 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%. Equities research analysts anticipate that Unity Software Inc. will post -1.25 EPS for the current year.

Institutional Investors Weigh In On Unity Software

Several hedge funds have recently bought and sold shares of the company. Anderson Financial Strategies LLC bought a new stake in shares of Unity Software during the fourth quarter worth $28,000. R Squared Ltd bought a new stake in shares of Unity Software during the fourth quarter worth $30,000. Principal Securities Inc. increased its position in shares of Unity Software by 50.5% during the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after acquiring an additional 477 shares in the last quarter. Planning Capital Management Corp bought a new stake in shares of Unity Software during the third quarter worth $34,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Unity Software during the fourth quarter worth $36,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

U has been the topic of a number of research reports. Jefferies Financial Group upped their target price on shares of Unity Software from $23.00 to $28.00 and gave the stock a “hold” rating in a research report on Friday. Needham & Company LLC upped their target price on shares of Unity Software from $26.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday. Wells Fargo & Company upped their target price on shares of Unity Software from $20.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday. Macquarie upped their target price on shares of Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a research report on Friday, November 8th. Finally, Morgan Stanley upped their target price on shares of Unity Software from $26.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.