Unity Software Inc. (NYSE:U) Director Sells $4,380,000.00 in Stock

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $17.52, for a total transaction of $4,380,000.00. Following the completion of the transaction, the director now owns 4,248,146 shares of the company’s stock, valued at $74,427,517.92. This trade represents a 5.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Unity Software Stock Performance

Shares of U stock opened at $21.64 on Thursday. The stock has a market cap of $8.72 billion, a P/E ratio of -10.61 and a beta of 2.29. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The company has a fifty day moving average price of $20.84 and a two-hundred day moving average price of $18.67. Unity Software Inc. has a one year low of $13.90 and a one year high of $43.54.

Analysts Set New Price Targets

A number of analysts recently weighed in on U shares. Morgan Stanley upgraded shares of Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 target price for the company in a report on Tuesday, September 3rd. The Goldman Sachs Group cut their target price on shares of Unity Software from $26.00 to $22.50 and set a “neutral” rating for the company in a research report on Friday, August 9th. Oppenheimer restated a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. Piper Sandler restated a “neutral” rating and set a $17.00 price objective (down previously from $25.00) on shares of Unity Software in a report on Friday, August 9th. Finally, Stifel Nicolaus upped their target price on shares of Unity Software from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Unity Software presently has an average rating of “Hold” and an average target price of $23.35.

Institutional Investors Weigh In On Unity Software

Several hedge funds and other institutional investors have recently made changes to their positions in U. Empowered Funds LLC bought a new stake in shares of Unity Software in the 1st quarter worth $331,000. Russell Investments Group Ltd. grew its position in Unity Software by 9.6% during the first quarter. Russell Investments Group Ltd. now owns 12,752 shares of the company’s stock valued at $340,000 after buying an additional 1,113 shares during the period. Vanguard Group Inc. lifted its holdings in Unity Software by 0.8% during the first quarter. Vanguard Group Inc. now owns 26,336,775 shares of the company’s stock valued at $703,192,000 after purchasing an additional 208,566 shares during the last quarter. UniSuper Management Pty Ltd lifted its holdings in Unity Software by 105.9% during the first quarter. UniSuper Management Pty Ltd now owns 3,500 shares of the company’s stock valued at $93,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Natixis purchased a new stake in Unity Software during the first quarter valued at about $2,843,000. 73.46% of the stock is owned by institutional investors.

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.