Insider Selling: Unity Software Inc. (NYSE:U) Director Sells 236,337 Shares of Stock

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 236,337 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 3,161,809 shares of the company’s stock, valued at approximately $75,630,471.28. This trade represents a 6.95 % decrease in their ownership of the stock. The sale 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 Thursday, February 20th, Tomer Bar-Zeev sold 83,333 shares of Unity Software stock. The shares were sold at an average price of $25.44, for a total transaction 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 Up 2.2 %

U stock traded up $0.55 during trading on Wednesday, hitting $25.27. The company had a trading volume of 5,410,632 shares, compared to its average volume of 12,712,546. The firm has a 50-day moving average price of $22.89 and a 200-day moving average price of $21.67. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $30.88. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock has a market cap of $10.35 billion, a price-to-earnings ratio of -15.04 and a beta of 2.27.

Unity Software (NYSE:U) last released its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.05. The company 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 13.40% and a negative net margin of 36.63%. As a group, analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Unity Software by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 31,123,035 shares of the company’s stock worth $699,335,000 after buying an additional 625,872 shares during the last quarter. Capital International Investors grew its holdings in Unity Software by 10.4% during the 4th quarter. Capital International Investors now owns 18,886,853 shares of the company’s stock worth $424,388,000 after acquiring an additional 1,786,032 shares during the period. Norges Bank bought a new stake in shares of Unity Software during the 4th quarter valued at $269,320,000. Geode Capital Management LLC lifted its stake in shares of Unity Software by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 4,769,609 shares of the company’s stock valued at $107,208,000 after purchasing an additional 84,480 shares during the period. Finally, Slate Path Capital LP acquired a new position in shares of Unity Software in the 4th quarter valued at $62,387,000. Institutional investors own 73.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a research note on Monday, February 3rd. Wedbush reiterated an “outperform” rating and issued a $27.00 price target on shares of Unity Software in a research report on Thursday, February 13th. Morgan Stanley increased their price objective on Unity Software from $26.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Benchmark upgraded shares of Unity Software from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, UBS Group increased their target price on shares of Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $25.04.

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.