Tomer Bar-Zeev Sells 236,337 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 236,337 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $23.92, for a total value of $5,653,181.04. Following the transaction, the director now owns 3,161,809 shares in the company, valued at $75,630,471.28. This represents a 6.95 % decrease in their position. 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 value of $2,119,991.52.
• On Monday, February 3rd, Tomer Bar-Zeev sold 166,667 shares of Unity Software stock. The shares were 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.

Unity Software Trading Down 9.0 %

Shares of U opened at $23.12 on Friday. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The firm has a 50-day moving average price of $22.92 and a 200 day moving average price of $21.71. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $30.88. The firm has a market capitalization of $9.47 billion, a P/E ratio of -13.76 and a beta of 2.27.

Unity Software (NYSE:U) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.05. The business had revenue of $457.10 million during the quarter, compared to the consensus estimate of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. Sell-side analysts forecast that Unity Software Inc. will post -1.25 EPS for the current year.

Institutional Investors Weigh In On Unity Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in U. Anderson Financial Strategies LLC purchased a new position in shares of Unity Software during the 4th quarter worth $28,000. R Squared Ltd acquired a new position in Unity Software in the fourth quarter valued at about $30,000. Principal Securities Inc. boosted its stake in 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 buying an additional 477 shares during the period. Planning Capital Management Corp acquired a new stake in shares of Unity Software during the third quarter valued at about $34,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Unity Software in the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Analyst Ratings Changes

U has been the subject of a number of research reports. Wedbush reissued an “outperform” rating and set a $27.00 target price on shares of Unity Software in a research note on Thursday, February 13th. Wells Fargo & Company increased their target price on Unity Software from $20.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. HSBC raised Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Friday, February 21st. Jefferies Financial Group increased their price objective on Unity Software from $23.00 to $28.00 and gave the company a “hold” rating in a research note on Friday, February 21st. Finally, Hsbc Global Res raised shares of Unity Software to a “strong-buy” rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $25.04.

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.