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

Unity Software Inc. (NYSE:U - Get Free Report) Director Tomer Bar-Zeev sold 166,667 shares of Unity Software stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $20.99, for a total value of $3,498,340.33. Following the sale, the director now directly owns 3,481,479 shares in the company, valued at $73,076,244.21. The trade was a 4.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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 transaction of $6,255,000.00.
• On Wednesday, December 4th, Tomer Bar-Zeev sold 210,000 shares of Unity Software stock. The stock was sold at an average price of $26.23, for a total transaction 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 transaction of $4,380,000.00.

Unity Software Trading Down 0.7 %

Shares of U stock traded down $0.15 on Friday, hitting $21.05. The stock had a trading volume of 5,696,281 shares, compared to its average volume of 6,872,919. The firm has a market cap of $8.48 billion, a P/E ratio of -10.32 and a beta of 2.32. 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 Inc. has a twelve month low of $13.90 and a twelve month high of $35.56. The company has a fifty day moving average price of $23.30 and a two-hundred day moving average price of $20.64.

Unity Software (NYSE:U - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, topping analysts' consensus estimates of ($0.39) by $0.08. The firm had revenue of $446.52 million during the quarter, compared to analyst estimates of $428.01 million. Unity Software had a negative net margin of 40.47% and a negative return on equity of 11.30%. During the same period in the prior year, the business earned ($0.12) EPS. As a group, analysts forecast that Unity Software Inc. will post -1.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. Jefferies Financial Group upped their target price on shares of Unity Software from $20.00 to $23.00 and gave the company a "buy" rating in a research report on Monday, January 6th. UBS Group upped their target price on shares of Unity Software from $21.00 to $23.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Oppenheimer reiterated a "market perform" rating on shares of Unity Software in a research report on Friday, October 18th. Macquarie upped their target price on shares of Unity Software from $15.00 to $16.00 and gave the company an "underperform" rating in a research report on Friday, November 8th. Finally, Wells Fargo & Company assumed coverage on shares of Unity Software in a research report on Monday, October 28th. They set an "equal weight" rating and a $20.00 target price for the company. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Unity Software has a consensus rating of "Hold" and a consensus price target of $22.81.

Hedge Funds Weigh In On Unity Software

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. lifted its position in Unity Software by 29.1% during the 2nd quarter. Sei Investments Co. now owns 27,789 shares of the company's stock worth $452,000 after buying an additional 6,264 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in Unity Software during the 2nd quarter worth about $515,000. The Manufacturers Life Insurance Company lifted its position in Unity Software by 47.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 82,105 shares of the company's stock worth $1,335,000 after buying an additional 26,241 shares in the last quarter. Mackenzie Financial Corp bought a new stake in shares of Unity Software in the 2nd quarter valued at about $172,000. Finally, Creative Planning raised its holdings in shares of Unity Software by 111.7% in the 2nd quarter. Creative Planning now owns 135,195 shares of the company's stock valued at $2,198,000 after purchasing an additional 71,325 shares during the period. 73.46% of the stock is owned by institutional investors and hedge funds.

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.