Tomer Bar-Zeev Sells 83,333 Shares of Unity Software Inc. (NYSE:U) Stock

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

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 Price Performance

Shares of NYSE U opened at $28.31 on Monday. The firm has a 50-day simple moving average of $22.53 and a 200-day simple moving average of $21.18. The stock has a market capitalization of $11.41 billion, a price-to-earnings ratio of -16.85 and a beta of 2.32. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $33.43.

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

Institutional Investors Weigh In On Unity Software

A number of hedge funds have recently modified their holdings of U. Anderson Financial Strategies LLC purchased a new stake in shares of Unity Software in the fourth quarter valued at about $28,000. R Squared Ltd purchased a new stake in shares of Unity Software in the fourth quarter valued at about $30,000. Principal Securities Inc. grew its holdings in shares of Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after purchasing an additional 477 shares during the period. Planning Capital Management Corp purchased a new stake in shares of Unity Software in 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 fourth quarter valued at about $36,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

U has been the topic of a number of recent analyst reports. Benchmark raised shares of Unity Software from a “sell” rating to a “hold” rating in a report on Thursday. Jefferies Financial Group increased their price target on shares of Unity Software from $23.00 to $28.00 and gave the stock a “hold” rating in a report on Friday. UBS Group increased their price target on shares of Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. JMP Securities reissued a “market perform” rating on shares of Unity Software in a report on Monday, February 3rd. Finally, Macquarie upped their price objective on shares of Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $25.96.

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.