Unity Software (NYSE:U) Director Tomer Bar-Zeev Sells 50,000 Shares

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 50,000 shares of Unity Software stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $47.00, for a total transaction of $2,350,000.00. Following the transaction, the director directly owned 873,146 shares of the company’s stock, valued at approximately $41,037,862. This trade represents a 5.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, December 11th, Tomer Bar-Zeev sold 125,000 shares of Unity Software stock. The shares were sold at an average price of $50.85, for a total transaction of $6,356,250.00.
• 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 value 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 transaction 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 Price Performance

U stock traded down $0.86 during midday trading on Monday, reaching $45.30. 8,069,149 shares of the stock were exchanged, compared to its average volume of 11,683,000. The stock has a market capitalization of $19.38 billion, a PE ratio of -43.14 and a beta of 2.04. The company has a fifty day moving average price of $39.90 and a 200 day moving average price of $36.00. Unity Software Inc. has a 52 week low of $15.33 and a 52 week high of $52.15. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.78 and a quick ratio of 2.78.

Unity Software (NYSE:U) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The business had revenue of $470.62 million during the quarter, compared to analysts’ expectations of $452.87 million. Unity Software had a negative net margin of 24.15% and a negative return on equity of 9.45%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.31) EPS. As a group, analysts expect that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on U shares. HSBC downgraded Unity Software from a “buy” rating to a “hold” rating and lifted their target price for the stock from $37.50 to $40.80 in a report on Tuesday, September 30th. Wedbush raised their price target on Unity Software from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 2nd. UBS Group increased their price target on shares of Unity Software from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, October 20th. Wall Street Zen raised Unity Software from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Finally, Wells Fargo & Company upgraded Unity Software from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $42.00 to $51.00 in a research note on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.04.

Institutional Investors Weigh In On Unity Software

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

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.