Unity Software Inc. (NYSE:U) Director Sells $5,653,181.04 in Stock

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 236,337 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $23.92, for a total transaction of $5,653,181.04. Following the completion of the sale, the director now owns 3,161,809 shares in the company, valued at approximately $75,630,471.28. This trade represents a 6.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 transaction of $2,119,991.52.
• 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 shares were sold at an average price of $25.02, for a total value of $6,255,000.00.

Unity Software Stock Up 2.2 %

U stock traded up $0.55 during trading hours on Wednesday, hitting $25.27. The company’s stock had a trading volume of 5,410,632 shares, compared to its average volume of 12,712,546. The stock has a 50 day moving average price of $22.89 and a two-hundred day moving average price of $21.67. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $30.88. The company has a market capitalization of $10.35 billion, a PE ratio of -15.04 and a beta of 2.27. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U) last posted its 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. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The firm had revenue of $457.10 million for the quarter, compared to the consensus estimate of $433.47 million. On average, equities research analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current year.

Institutional Investors Weigh In On Unity Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Unity Software by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 31,123,035 shares of the company’s stock worth $699,335,000 after purchasing an additional 625,872 shares during the period. Capital International Investors increased its position in Unity Software by 10.4% in the 4th quarter. Capital International Investors now owns 18,886,853 shares of the company’s stock worth $424,388,000 after buying an additional 1,786,032 shares during the period. Norges Bank acquired a new position in shares of Unity Software during the fourth quarter worth approximately $269,320,000. Geode Capital Management LLC lifted its holdings in shares of Unity Software by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 4,769,609 shares of the company’s stock worth $107,208,000 after buying an additional 84,480 shares during the last quarter. Finally, Slate Path Capital LP acquired a new stake in shares of Unity Software in the fourth quarter worth $62,387,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

U has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their target price on Unity Software from $20.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. Needham & Company LLC upped their price objective on shares of Unity Software from $26.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Benchmark raised shares of Unity Software from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. HSBC upgraded shares of Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Friday, February 21st. Finally, Macquarie boosted their target price 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. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Unity Software presently has an average rating of “Hold” and a consensus price target of $25.04.

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.