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 the firm’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 transaction, the director now directly owns 3,398,146 shares of the company’s stock, valued at approximately $86,448,834.24. This trade represents a 2.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 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 shares were 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 shares were sold at an average price of $26.23, for a total transaction of $5,508,300.00.

Unity Software Stock Performance

NYSE U opened at $28.31 on Friday. The firm has a 50-day moving average of $22.53 and a 200-day moving average of $21.13. 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 stock has a market cap of $11.41 billion, a PE ratio of -16.85 and a beta of 2.32. Unity Software Inc. has a 52-week low of $13.90 and a 52-week high of $33.43.

Unity Software (NYSE:U) last posted its earnings results 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 company 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, sell-side analysts anticipate that Unity Software Inc. will post -1.25 EPS for the current year.

Institutional Trading of Unity Software

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ariose Capital Management Ltd acquired a new stake in Unity Software in the 4th quarter worth about $2,299,000. Charles Schwab Investment Management Inc. raised its stake in Unity Software by 100.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock worth $42,662,000 after purchasing an additional 944,709 shares in the last quarter. CIBC Asset Management Inc raised its stake in Unity Software by 2,665.4% in the 3rd quarter. CIBC Asset Management Inc now owns 342,472 shares of the company’s stock worth $7,747,000 after purchasing an additional 330,088 shares in the last quarter. LMR Partners LLP acquired a new stake in Unity Software in the 3rd quarter worth about $611,000. Finally, Edgestream Partners L.P. raised its stake in Unity Software by 637.9% in the 3rd quarter. Edgestream Partners L.P. now owns 102,899 shares of the company’s stock worth $2,328,000 after purchasing an additional 88,955 shares in the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on U. 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 report on Friday. Benchmark raised shares of Unity Software from a “sell” rating to a “hold” rating in a research report on Thursday. Hsbc Global Res raised shares of Unity Software to a “strong-buy” rating in a research report on Friday. Barclays lifted their price objective on shares of Unity Software from $18.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Morgan Stanley lifted their price objective on shares of Unity Software from $26.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Unity Software has a consensus rating of “Hold” and an average price target of $25.96.

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.