Insider Selling: Unity Software Inc. (NYSE:U) Director Sells 166,667 Shares of Stock

Unity Software Inc. (NYSE:U - Get Free Report) Director Tomer Bar-Zeev sold 166,667 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $20.04, for a total transaction of $3,340,006.68. Following the completion of the transaction, the director now directly owns 2,981,479 shares in the company, valued at $59,748,839.16. This represents a 5.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Tuesday, March 4th, Tomer Bar-Zeev sold 236,337 shares of Unity Software stock. The shares were sold at an average price of $23.92, for a total value of $5,653,181.04.
• On Thursday, February 20th, Tomer Bar-Zeev sold 83,333 shares of Unity Software stock. The stock was sold at an average price of $25.44, for a total transaction of $2,119,991.52.
• On Monday, February 3rd, Tomer Bar-Zeev sold 166,667 shares of Unity Software stock. The stock was sold at an average price of $20.99, for a total transaction of $3,498,340.33.
• On Thursday, January 2nd, Tomer Bar-Zeev sold 250,000 shares of Unity Software stock. The shares were sold at an average price of $25.02, for a total transaction of $6,255,000.00.

Unity Software Stock Down 6.8 %

Shares of Unity Software stock traded down $1.25 during trading hours on Friday, reaching $16.95. 13,013,421 shares of the company were exchanged, compared to its average volume of 10,763,201. The firm has a market cap of $6.94 billion, a PE ratio of -10.09 and a beta of 2.31. The stock's fifty day moving average is $22.25 and its 200 day moving average is $22.27. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $30.88. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41.

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Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.35) by $0.05. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The company had revenue of $457.10 million for the quarter, compared to analyst estimates of $433.47 million. As a group, equities research analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in U. Ariose Capital Management Ltd purchased a new position in shares of Unity Software in the 4th quarter valued at about $2,299,000. Edgestream Partners L.P. lifted its position in Unity Software by 637.9% in the third quarter. Edgestream Partners L.P. now owns 102,899 shares of the company's stock valued at $2,328,000 after acquiring an additional 88,955 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Unity Software in the 3rd quarter valued at about $4,390,000. Jessup Wealth Management Inc acquired a new stake in shares of Unity Software in the fourth quarter valued at approximately $510,000. Finally, Weiss Asset Management LP acquired a new stake in Unity Software during the 3rd quarter worth $10,335,000. Institutional investors and hedge funds own 73.46% of the company's stock.

Analysts Set New Price Targets

U has been the subject of several analyst reports. Wedbush reissued an "outperform" rating and issued a $27.00 price target on shares of Unity Software in a research note on Thursday, February 13th. Needham & Company LLC raised their target price on Unity Software from $26.00 to $33.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. JMP Securities restated a "market perform" rating on shares of Unity Software in a research report on Monday, February 3rd. Hsbc Global Res upgraded Unity Software to a "strong-buy" rating in a report on Friday, February 21st. Finally, UBS Group boosted their price objective on shares of Unity Software from $21.00 to $23.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $25.32.

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.