Unity Software Inc. (NYSE:U) Director Sells $5,653,181.04 in Stock

Unity Software Inc. (NYSE:U - Get Free Report) Director Tomer Bar-Zeev sold 236,337 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $23.92, for a total value of $5,653,181.04. Following the transaction, the director now owns 3,161,809 shares in the company, valued at $75,630,471.28. This represents a 6.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 shares were sold at an average price of $25.02, for a total value of $6,255,000.00.

Unity Software Price Performance

Shares of U traded up $1.14 on Friday, hitting $24.30. The company's stock had a trading volume of 13,821,467 shares, compared to its average volume of 12,742,988. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The company has a 50 day moving average price of $22.95 and a 200 day moving average price of $21.83. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $30.88. The company has a market capitalization of $9.96 billion, a PE ratio of -14.47 and a beta of 2.27.

Remove Ads

Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $457.10 million during the quarter, compared to analysts' expectations of $433.47 million. On average, research analysts anticipate that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on U shares. HSBC raised Unity Software from a "hold" rating to a "buy" rating and set a $34.00 price objective on the stock in a report on Friday, February 21st. Barclays lifted their price objective on Unity Software from $18.00 to $26.00 and gave the company an "equal weight" rating in a report on Friday, February 21st. Wells Fargo & Company lifted their price objective on Unity Software from $20.00 to $27.00 and gave the company an "equal weight" rating in a report on Friday, February 21st. Wedbush reaffirmed an "outperform" rating and set a $27.00 price objective on shares of Unity Software in a report on Thursday, February 13th. Finally, UBS Group lifted their price objective on Unity Software from $21.00 to $23.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $25.04.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC raised its position 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 valued at $336,000 after acquiring an additional 14,053 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Unity Software by 996.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 16,450 shares of the company's stock valued at $372,000 after acquiring an additional 14,950 shares during the last quarter. First Trust Direct Indexing L.P. bought a new stake in shares of Unity Software during the 3rd quarter valued at $242,000. US Bancorp DE raised its position 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 acquiring an additional 8,152 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position 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 acquiring an additional 538 shares during the last quarter. Institutional investors own 73.46% of the company's stock.

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.