Insider Selling: Unity Software Inc. (NYSE:U) Director Sells 250,000 Shares of Stock

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 250,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $17.52, for a total value of $4,380,000.00. Following the transaction, the director now owns 4,248,146 shares in the company, valued at approximately $74,427,517.92. This trade represents a 5.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Unity Software Trading Up 3.7 %

Shares of NYSE:U opened at $17.99 on Tuesday. The stock has a market cap of $7.25 billion, a PE ratio of -8.82 and a beta of 2.29. 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 12-month low of $13.90 and a 12-month high of $43.54. The business has a 50 day moving average of $20.69 and a 200-day moving average of $18.68.

Institutional Trading of Unity Software

Several hedge funds and other institutional investors have recently bought and sold shares of U. Neo Ivy Capital Management bought a new stake in shares of Unity Software during the 3rd quarter valued at $714,000. Coldstream Capital Management Inc. lifted its holdings in shares of Unity Software by 1.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 140,659 shares of the company’s stock worth $3,180,000 after acquiring an additional 1,424 shares during the period. Geode Capital Management LLC boosted its position in shares of Unity Software by 9.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock worth $106,008,000 after acquiring an additional 413,474 shares in the last quarter. Sender Co & Partners Inc. acquired a new position in Unity Software during the third quarter valued at approximately $386,000. Finally, M&T Bank Corp lifted its stake in Unity Software by 140.1% during the third quarter. M&T Bank Corp now owns 28,581 shares of the company’s stock worth $646,000 after purchasing an additional 16,676 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Analyst Ratings Changes

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 price target on the stock in a research report on Tuesday, September 3rd. UBS Group lifted their price target on shares of Unity Software from $15.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Needham & Company LLC boosted their price target on shares of Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a report on Friday, November 8th. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a research note on Friday, September 13th. Finally, Oppenheimer restated a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Unity Software currently has a consensus rating of “Hold” and an average price target of $23.35.

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.