Unity Software Inc. (NYSE:U) Director Sells $2,119,991.52 in Stock

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 83,333 shares of Unity Software stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $25.44, for a total value of $2,119,991.52. Following the completion of the sale, the director now owns 3,398,146 shares of the company’s stock, valued at $86,448,834.24. The trade was a 2.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, February 3rd, Tomer Bar-Zeev sold 166,667 shares of Unity Software stock. The stock was 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.
• 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.

Unity Software Trading Up 0.3 %

Shares of NYSE U traded up $0.07 during trading on Friday, hitting $28.07. 32,850,806 shares of the company were exchanged, compared to its average volume of 11,510,821. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $33.43. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The company has a fifty day moving average price of $22.45 and a 200-day moving average price of $20.99. The firm has a market capitalization of $11.31 billion, a PE ratio of -13.79 and a beta of 2.32.

Unity Software (NYSE:U) last issued its quarterly earnings data 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 firm had revenue of $457.10 million during the quarter, compared to the consensus estimate of $433.47 million. Unity Software had a negative return on equity of 11.30% and a negative net margin of 40.47%. As a group, equities research analysts expect that Unity Software Inc. will post -1.72 EPS for the current year.

Wall Street Analyst Weigh In

U has been the topic of a number of recent research reports. Morgan Stanley upped their target price on Unity Software from $26.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday. Wedbush restated an “outperform” rating and issued a $27.00 price objective on shares of Unity Software in a research report on Thursday, February 13th. HSBC upgraded Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research report on Friday. Jefferies Financial Group upped their price objective on Unity Software from $23.00 to $28.00 and gave the stock a “hold” rating in a research report on Friday. Finally, Barclays upped their price objective on Unity Software from $18.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Unity Software presently has an average rating of “Hold” and a consensus price target of $25.96.

Institutional Trading of Unity Software

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Soviero Asset Management LP acquired a new stake in shares of Unity Software during the 4th quarter worth about $2,247,000. Sphera Management Technology Funds Ltd acquired a new position in Unity Software in the 4th quarter valued at about $1,128,000. Two Sigma Advisers LP acquired a new position in Unity Software in the 4th quarter valued at about $494,000. Two Sigma Investments LP acquired a new position in Unity Software in the 4th quarter valued at about $22,999,000. Finally, Tidal Investments LLC grew its position in Unity Software by 32.6% in the 4th quarter. Tidal Investments LLC now owns 20,428 shares of the company’s stock valued at $459,000 after acquiring an additional 5,018 shares in the last quarter. 73.46% of the stock is 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.