Insider Selling: Unity Software Inc. (NYSE:U) Director Sells $3,498,340.33 in Stock

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 166,667 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $20.99, for a total transaction of $3,498,340.33. Following the completion of the transaction, the director now owns 3,481,479 shares of the company’s stock, valued at approximately $73,076,244.21. The trade was a 4.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 value 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 value of $5,508,300.00.
• On Friday, November 15th, Tomer Bar-Zeev sold 250,000 shares of Unity Software stock. The stock was sold at an average price of $17.52, for a total value of $4,380,000.00.

Unity Software Price Performance

NYSE U opened at $21.20 on Friday. The stock has a market cap of $8.54 billion, a price-to-earnings ratio of -10.39 and a beta of 2.32. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $35.56. The company’s 50 day moving average is $23.41 and its two-hundred day moving average is $20.61. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.08. The company had revenue of $446.52 million for the quarter, compared to analysts’ expectations of $428.01 million. Unity Software had a negative return on equity of 11.30% and a negative net margin of 40.47%. During the same period in the previous year, the firm earned ($0.12) EPS. As a group, research analysts anticipate that Unity Software Inc. will post -1.72 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on U shares. Benchmark lifted their price target on shares of Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a research note on Friday, November 8th. Morgan Stanley lifted their target price on shares of Unity Software from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Jefferies Financial Group increased their price target on Unity Software from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, January 6th. Needham & Company LLC lifted their price objective on Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Oppenheimer reissued a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $22.81.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its stake in Unity Software by 343.8% during the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after acquiring an additional 949 shares during the last quarter. R Squared Ltd bought a new stake in shares of Unity Software during the fourth quarter worth $30,000. Principal Securities Inc. boosted its position in Unity Software by 50.5% in the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after buying an additional 477 shares during the period. Planning Capital Management Corp bought a new position in Unity Software in the third quarter worth approximately $34,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Unity Software by 163.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock worth $36,000 after purchasing an additional 1,389 shares during the period. Institutional investors own 73.46% of the company’s stock.

About Unity Software

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.