Unity Software (NYSE:U) Director Sells $10,482,500.00 in Stock

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 250,000 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $41.93, for a total transaction of $10,482,500.00. Following the transaction, the director directly owned 1,048,146 shares of the company’s stock, valued at $43,948,761.78. The trade was a 19.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Monday, November 3rd, Tomer Bar-Zeev sold 250,000 shares of Unity Software stock. The stock was sold at an average price of $37.98, for a total transaction of $9,495,000.00.
• On Wednesday, October 1st, Tomer Bar-Zeev sold 250,000 shares of Unity Software stock. The shares were sold at an average price of $39.83, for a total value of $9,957,500.00.
• On Monday, September 15th, Tomer Bar-Zeev sold 150,000 shares of Unity Software stock. The stock was sold at an average price of $45.65, for a total value of $6,847,500.00.

Unity Software Trading Down 1.1%

NYSE U opened at $44.13 on Friday. The business’s 50-day moving average price is $38.93 and its two-hundred day moving average price is $34.70. Unity Software Inc. has a 12 month low of $15.33 and a 12 month high of $46.94. The firm has a market capitalization of $18.88 billion, a PE ratio of -42.03 and a beta of 2.04. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The company had revenue of $470.62 million during the quarter, compared to the consensus estimate of $452.87 million. Unity Software had a negative return on equity of 9.45% and a negative net margin of 24.15%.The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company earned ($0.31) earnings per share. On average, analysts expect that Unity Software Inc. will post -1.25 EPS for the current year.

Hedge Funds Weigh In On Unity Software

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jefferies Financial Group Inc. bought a new stake in shares of Unity Software during the second quarter valued at approximately $205,000. Forum Financial Management LP bought a new position in shares of Unity Software in the 2nd quarter worth $256,000. Austin Wealth Management LLC acquired a new stake in Unity Software in the 2nd quarter valued at $208,000. PNC Financial Services Group Inc. grew its position in Unity Software by 148.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 22,181 shares of the company’s stock valued at $537,000 after purchasing an additional 13,245 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in Unity Software during the 2nd quarter valued at $232,000. Institutional investors own 73.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on U shares. Arete Research raised shares of Unity Software from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Monday. Citigroup boosted their target price on shares of Unity Software from $50.00 to $52.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Wall Street Zen cut shares of Unity Software from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. UBS Group increased their price target on Unity Software from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. Finally, Morgan Stanley boosted their price objective on Unity Software from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $39.99.

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.