Insider Selling: Unity Software Inc. (NYSE:U) Director Sells 236,337 Shares of Stock

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 236,337 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $23.92, for a total transaction of $5,653,181.04. Following the transaction, the director now directly owns 3,161,809 shares of the company’s stock, valued at $75,630,471.28. This represents a 6.95 % decrease in their ownership of the stock. The transaction was disclosed in a 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, February 20th, Tomer Bar-Zeev sold 83,333 shares of Unity Software stock. The shares were sold at an average price of $25.44, for a total value of $2,119,991.52.
• 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 value of $3,498,340.33.
• 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 transaction of $6,255,000.00.

Unity Software Price Performance

NYSE:U opened at $24.30 on Friday. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $30.88. The firm has a market cap of $9.96 billion, a price-to-earnings ratio of -14.47 and a beta of 2.27. The company’s 50-day moving average is $22.92 and its two-hundred day moving average is $21.71. 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 announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.05. The business had revenue of $457.10 million for the quarter, compared to the consensus estimate of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. Research analysts expect that Unity Software Inc. will post -1.25 EPS for the current year.

Analyst Ratings Changes

U has been the topic of a number of research analyst reports. Morgan Stanley boosted their price objective on shares of Unity Software from $26.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. HSBC raised Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Friday, February 21st. UBS Group lifted their price objective on Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Needham & Company LLC upped their target price on Unity Software from $26.00 to $33.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, JMP Securities reissued a “market perform” rating on shares of Unity Software in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.04.

Institutional Investors Weigh In On Unity Software

Hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC lifted its holdings in shares of Unity Software by 1,787.9% during the 3rd quarter. International Assets Investment Management LLC now owns 14,839 shares of the company’s stock worth $336,000 after acquiring an additional 14,053 shares during the period. Nisa Investment Advisors LLC raised its stake in Unity Software by 996.7% during the third quarter. Nisa Investment Advisors LLC now owns 16,450 shares of the company’s stock worth $372,000 after purchasing an additional 14,950 shares during the period. First Trust Direct Indexing L.P. acquired a new position in shares of Unity Software in the 3rd quarter valued at $242,000. US Bancorp DE grew its stake in shares of Unity Software by 159.7% during the 3rd quarter. US Bancorp DE now owns 13,257 shares of the company’s stock valued at $300,000 after buying an additional 8,152 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of Unity Software by 4.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 13,947 shares of the company’s stock valued at $315,000 after buying an additional 538 shares during the period. Institutional investors and hedge funds 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.