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 company’s stock in a transaction on 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 sale, the director now owns 4,248,146 shares of the company’s stock, valued at $74,427,517.92. The trade was a 5.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Unity Software Stock Performance

U stock traded up $0.64 during mid-day trading on Monday, hitting $17.98. 9,007,814 shares of the company were exchanged, compared to its average volume of 10,438,128. 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 firm’s 50 day simple moving average is $20.67 and its 200 day simple moving average is $18.72. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $43.54.

Institutional Trading of Unity Software

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Unity Software by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 26,336,775 shares of the company’s stock worth $703,192,000 after acquiring an additional 208,566 shares during the period. Capital Research Global Investors grew its stake in Unity Software by 18.7% in the first quarter. Capital Research Global Investors now owns 8,524,448 shares of the company’s stock worth $227,603,000 after purchasing an additional 1,342,787 shares during the period. Capital International Investors boosted its position in shares of Unity Software by 426.1% during the first quarter. Capital International Investors now owns 7,872,413 shares of the company’s stock valued at $210,193,000 after buying an additional 6,376,034 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Unity Software by 9.7% in the third quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock valued at $106,008,000 after acquiring an additional 413,474 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Unity Software by 9.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,324,694 shares of the company’s stock worth $37,806,000 after buying an additional 200,008 shares during the period. 73.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

U has been the topic of a number of research analyst reports. Benchmark increased their price objective on shares of Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a research report on Friday, November 8th. Morgan Stanley raised 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 report on Tuesday, September 3rd. Wells Fargo & Company started coverage on shares of Unity Software in a report on Monday, October 28th. They issued an “equal weight” rating and a $20.00 price objective for the company. UBS Group raised their target price on shares of Unity Software from $15.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Finally, Needham & Company LLC lifted their target price on shares of Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.