Insider Selling: Unity Software (NYSE:U) Director Sells 125,000 Shares of Stock

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 125,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $50.85, for a total transaction of $6,356,250.00. Following the sale, the director directly owned 923,146 shares of the company’s stock, valued at $46,941,974.10. The trade was a 11.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Friday, December 12th, Tomer Bar-Zeev sold 50,000 shares of Unity Software stock. The shares were sold at an average price of $47.00, for a total value of $2,350,000.00.
• On Monday, December 1st, Tomer Bar-Zeev sold 250,000 shares of Unity Software stock. The shares were sold at an average price of $41.93, for a total transaction of $10,482,500.00.
• On Monday, November 3rd, Tomer Bar-Zeev sold 250,000 shares of Unity Software stock. The stock was sold at an average price of $37.98, for a total value of $9,495,000.00.
• On Wednesday, October 1st, Tomer Bar-Zeev sold 250,000 shares of Unity Software stock. The stock was sold at an average price of $39.83, for a total value of $9,957,500.00.

Unity Software Stock Performance

Shares of U traded down $0.86 during midday trading on Monday, reaching $45.30. The stock had a trading volume of 8,069,149 shares, compared to its average volume of 11,683,000. Unity Software Inc. has a one year low of $15.33 and a one year high of $52.15. The firm has a 50 day simple moving average of $39.90 and a 200-day simple moving average of $36.00. The firm has a market cap of $19.38 billion, a PE ratio of -43.14 and a beta of 2.04. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.03. The firm had revenue of $470.62 million during the quarter, compared to analyst estimates of $452.87 million. Unity Software had a negative return on equity of 9.45% and a negative net margin of 24.15%.The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the company posted ($0.31) EPS. As a group, sell-side analysts anticipate that Unity Software Inc. will post -1.25 EPS for the current year.

Hedge Funds Weigh In On Unity Software

A number of hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC grew its position in Unity Software by 10.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,967 shares of the company’s stock valued at $119,000 after purchasing an additional 288 shares during the last quarter. Newbridge Financial Services Group Inc. increased its position in shares of Unity Software by 12.9% during the third quarter. Newbridge Financial Services Group Inc. now owns 2,696 shares of the company’s stock worth $108,000 after purchasing an additional 308 shares in the last quarter. Xponance Inc. boosted its stake in Unity Software by 1.8% during the third quarter. Xponance Inc. now owns 18,291 shares of the company’s stock worth $732,000 after buying an additional 328 shares during the period. Larson Financial Group LLC grew its holdings in Unity Software by 88.1% during the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after acquiring an additional 341 shares in the last quarter. Finally, Allworth Financial LP raised its stake in Unity Software by 28.4% during the 2nd quarter. Allworth Financial LP now owns 1,865 shares of the company’s stock valued at $45,000 after acquiring an additional 412 shares during the last quarter. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Unity Software in a report on Wednesday, October 8th. Morgan Stanley raised their price target on Unity Software from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. BTIG Research upgraded Unity Software from a “neutral” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Thursday. Arete Research raised shares of Unity Software from a “neutral” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Monday, December 1st. Finally, Needham & Company LLC increased their target price on shares of Unity Software from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Unity Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.04.

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.