Tomer Bar-Zeev Sells 250,000 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $25.02, for a total transaction of $6,255,000.00. Following the transaction, the director now owns 3,648,146 shares of the company’s stock, valued at $91,276,612.92. This represents a 6.41 % decrease in their position. The sale 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 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.
• On Friday, November 15th, Tomer Bar-Zeev sold 250,000 shares of Unity Software stock. The shares were sold at an average price of $17.52, for a total transaction of $4,380,000.00.

Unity Software Price Performance

U stock opened at $24.09 on Friday. The firm has a 50 day simple moving average of $22.74 and a two-hundred day simple moving average of $19.63. The stock has a market cap of $9.70 billion, a PE ratio of -11.81 and a beta of 2.33. Unity Software Inc. has a one year low of $13.90 and a one year high of $39.29. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41.

Institutional Trading of Unity Software

A number of hedge funds have recently made changes to their positions in U. Everence Capital Management Inc. purchased a new position in shares of Unity Software during the 4th quarter valued at about $265,000. GAMMA Investing LLC boosted its stake in Unity Software by 33.6% in the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock worth $37,000 after buying an additional 411 shares in the last quarter. Versant Capital Management Inc grew its position in Unity Software by 186.9% during the fourth quarter. Versant Capital Management Inc now owns 2,812 shares of the company’s stock valued at $63,000 after acquiring an additional 1,832 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new position in shares of Unity Software during the third quarter worth approximately $728,000. Finally, Tidal Investments LLC lifted its holdings in shares of Unity Software by 4.9% in the 3rd quarter. Tidal Investments LLC now owns 15,410 shares of the company’s stock worth $349,000 after acquiring an additional 723 shares during the last quarter. 73.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

U has been the subject of a number of analyst reports. Wedbush raised their price target on Unity Software from $21.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Oppenheimer reaffirmed a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. Needham & Company LLC increased their price target on shares of Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Barclays raised their price objective on shares of Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Finally, Benchmark upped their target price on shares of Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $22.21.

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.