Tomer Bar-Zeev Sells 83,333 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U - Get Free Report) Director Tomer Bar-Zeev sold 83,333 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $25.44, for a total value of $2,119,991.52. Following the sale, the director now directly owns 3,398,146 shares in the company, valued at $86,448,834.24. This represents a 2.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• 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.
• 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.

Unity Software Stock Performance

Shares of Unity Software stock traded down $1.61 during trading on Tuesday, reaching $25.67. The company's stock had a trading volume of 28,340,365 shares, compared to its average volume of 12,678,722. The firm has a market cap of $10.34 billion, a PE ratio of -15.28 and a beta of 2.32. The company has a 50-day moving average price of $22.58 and a two-hundred day moving average price of $21.27. 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 fifty-two week low of $13.90 and a fifty-two week high of $33.43.

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

Institutional Trading of Unity Software

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Anderson Financial Strategies LLC acquired a new position in shares of Unity Software in the fourth quarter valued at approximately $28,000. R Squared Ltd purchased a new position in Unity Software in the 4th quarter valued at $30,000. Principal Securities Inc. grew 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 last quarter. Planning Capital Management Corp acquired a new position in Unity Software in the 3rd quarter valued at $34,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Unity Software during the 4th quarter worth $36,000. 73.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

U has been the topic of a number of analyst reports. Macquarie raised their price objective on shares of Unity Software from $15.00 to $16.00 and gave the company an "underperform" rating in a report on Friday, November 8th. HSBC upgraded 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. UBS Group upped their price objective on Unity Software from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. 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 report on Friday. Finally, Hsbc Global Res upgraded Unity Software to a "strong-buy" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $25.96.

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.