Unity Software (NYSE:U) Director Sells $9,957,500.00 in Stock

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $39.83, for a total transaction of $9,957,500.00. Following the sale, the director owned 1,548,146 shares in the company, valued at $61,662,655.18. This represents a 13.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, September 15th, Tomer Bar-Zeev sold 150,000 shares of Unity Software stock. The stock was sold at an average price of $45.65, for a total transaction of $6,847,500.00.
• On Tuesday, September 2nd, Tomer Bar-Zeev sold 150,000 shares of Unity Software stock. The shares were sold at an average price of $37.75, for a total value of $5,662,500.00.
• On Monday, August 4th, Tomer Bar-Zeev sold 50,000 shares of Unity Software stock. The stock was sold at an average price of $33.18, for a total transaction of $1,659,000.00.
• On Friday, August 1st, Tomer Bar-Zeev sold 50,000 shares of Unity Software stock. The shares were sold at an average price of $31.55, for a total transaction of $1,577,500.00.
• On Wednesday, July 16th, Tomer Bar-Zeev sold 50,000 shares of Unity Software stock. The stock was sold at an average price of $32.97, for a total value of $1,648,500.00.

Unity Software Stock Down 3.2%

Shares of NYSE:U opened at $37.85 on Friday. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.70. The firm has a market cap of $15.99 billion, a P/E ratio of -35.71 and a beta of 2.32. Unity Software Inc. has a 12 month low of $15.33 and a 12 month high of $46.94. The company’s 50-day moving average price is $39.46 and its two-hundred day moving average price is $29.10.

Unity Software (NYSE:U) last announced its earnings results on Wednesday, August 6th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.01). Unity Software had a negative return on equity of 13.59% and a negative net margin of 24.38%.The company had revenue of $440.94 million during the quarter, compared to the consensus estimate of $425.18 million. During the same period in the prior year, the firm posted ($0.32) earnings per share. The company’s revenue was down 1.9% on a year-over-year basis. As a group, research analysts forecast that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Hedge Funds Weigh In On Unity Software

Several institutional investors have recently modified their holdings of U. Vanguard Group Inc. raised its position in shares of Unity Software by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 32,964,521 shares of the company’s stock valued at $645,775,000 after acquiring an additional 1,841,486 shares during the period. Slate Path Capital LP raised its holdings in Unity Software by 25.4% in the second quarter. Slate Path Capital LP now owns 20,016,952 shares of the company’s stock worth $484,410,000 after purchasing an additional 4,048,484 shares during the period. Atreides Management LP boosted its position in shares of Unity Software by 146.7% during the first quarter. Atreides Management LP now owns 9,430,955 shares of the company’s stock worth $184,752,000 after purchasing an additional 5,607,572 shares in the last quarter. Norges Bank bought a new position in shares of Unity Software during the second quarter worth $151,221,000. Finally, Geode Capital Management LLC grew its holdings in shares of Unity Software by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 5,064,703 shares of the company’s stock valued at $122,587,000 after buying an additional 36,105 shares during the period. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

U has been the topic of a number of recent research reports. HSBC lowered Unity Software from a “buy” rating to a “hold” rating and increased their price objective for the company from $37.50 to $40.80 in a research report on Tuesday, September 30th. Zacks Research cut Unity Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Hsbc Global Res cut Unity Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. JMP Securities upped their target price on shares of Unity Software from $30.00 to $35.00 and gave the company a “market outperform” rating in a research report on Thursday, August 7th. Finally, Morgan Stanley raised their target price on shares of Unity Software from $25.00 to $40.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Unity Software currently has an average rating of “Hold” and an average price target of $32.05.

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.