Insider Selling: Unity Software Inc. (NYSE:U) Director Sells 166,667 Shares of Stock

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 166,667 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $20.04, for a total value of $3,340,006.68. Following the completion of the sale, the director now owns 2,981,479 shares of the company’s stock, valued at $59,748,839.16. The trade was a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, March 4th, Tomer Bar-Zeev sold 236,337 shares of Unity Software stock. The shares were sold at an average price of $23.92, for a total value of $5,653,181.04.
• 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 value 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 Stock Performance

Shares of U stock opened at $18.18 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 fifty day simple moving average of $22.36 and a two-hundred day simple moving average of $22.28. 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 $7.45 billion, a PE ratio of -10.82 and a beta of 2.31.

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on U shares. HSBC raised shares of Unity Software from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Friday, February 21st. Macquarie began coverage on Unity Software in a research report on Monday, March 10th. They issued a “neutral” rating and a $24.00 price objective for the company. Benchmark raised Unity Software from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. Wedbush reaffirmed an “outperform” rating and set a $27.00 target price on shares of Unity Software in a research note on Thursday, February 13th. Finally, Jefferies Financial Group dropped their price target on Unity Software from $28.00 to $24.00 and set a “hold” rating on the stock in a research note on Monday. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.32.

Institutional Trading of Unity Software

Institutional investors and hedge funds have recently modified their holdings of the stock. Anderson Financial Strategies LLC bought a new position in shares of Unity Software during the fourth quarter valued at about $28,000. R Squared Ltd purchased a new stake in Unity Software in the 4th quarter valued at about $30,000. Principal Securities Inc. lifted its position in shares of Unity Software by 50.5% during the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after buying an additional 477 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Unity Software in the 4th quarter worth approximately $36,000. Finally, GAMMA Investing LLC grew its holdings in shares of Unity Software by 33.6% in the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock valued at $37,000 after acquiring an additional 411 shares in the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.

Unity Software Company Profile

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.