Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev Sells 236,337 Shares

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 value of $5,653,181.04. Following the transaction, the director now directly owns 3,161,809 shares in the company, valued at approximately $75,630,471.28. The trade was a 6.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

Unity Software Price Performance

Shares of NYSE:U opened at $23.12 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 capitalization of $9.47 billion, a P/E ratio of -13.76 and a beta of 2.27. 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’s fifty day moving average price is $22.92 and its 200 day moving average price is $21.71.

Unity Software (NYSE:U) last posted its earnings results on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.05. The business had revenue of $457.10 million for the quarter, compared to analysts’ expectations of $433.47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. As a group, sell-side analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on U. Wells Fargo & Company boosted their price target on shares of Unity Software from $20.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, February 21st. Hsbc Global Res upgraded Unity Software to a “strong-buy” rating in a report on Friday, February 21st. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a research note on Monday, February 3rd. Benchmark upgraded shares of Unity Software from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, HSBC upgraded shares of Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $25.04.

Institutional Investors Weigh In On Unity Software

Large investors have recently modified their holdings of the company. Ariose Capital Management Ltd purchased a new stake in shares of Unity Software in the fourth quarter valued at about $2,299,000. Charles Schwab Investment Management Inc. increased its position in Unity Software by 100.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock valued at $42,662,000 after acquiring an additional 944,709 shares during the period. CIBC Asset Management Inc raised its stake in Unity Software by 2,665.4% during the 3rd quarter. CIBC Asset Management Inc now owns 342,472 shares of the company’s stock valued at $7,747,000 after acquiring an additional 330,088 shares during the last quarter. LMR Partners LLP acquired a new stake in Unity Software during the 3rd quarter worth approximately $611,000. Finally, Edgestream Partners L.P. grew its stake in shares of Unity Software by 637.9% in the 3rd quarter. Edgestream Partners L.P. now owns 102,899 shares of the company’s stock valued at $2,328,000 after purchasing an additional 88,955 shares during the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

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.