Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev Sells 166,667 Shares

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 166,667 shares of the business’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $21.59, for a total transaction of $3,598,340.53. Following the transaction, the director now owns 2,814,812 shares of the company’s stock, valued at approximately $60,771,791.08. The trade was a 5.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, April 1st, Tomer Bar-Zeev sold 166,667 shares of Unity Software stock. The stock was sold at an average price of $20.04, for a total value of $3,340,006.68.
• On Tuesday, March 4th, Tomer Bar-Zeev sold 236,337 shares of Unity Software stock. The stock was 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 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 stock was sold at an average price of $20.99, for a total transaction of $3,498,340.33.

Unity Software Trading Up 1.2 %

NYSE U opened at $21.45 on Friday. Unity Software Inc. has a 52-week low of $13.90 and a 52-week high of $30.88. The firm has a 50-day moving average price of $21.08 and a 200 day moving average price of $22.01. The stock has a market capitalization of $8.91 billion, a P/E ratio of -12.77 and a beta of 2.31. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, beating the consensus estimate 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 business had revenue of $457.10 million during the quarter, compared to analysts’ expectations of $433.47 million. Equities research analysts expect that Unity Software Inc. will post -1.25 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Citizens Jmp raised shares of Unity Software from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. Hsbc Global Res raised Unity Software to a “strong-buy” rating in a report on Friday, February 21st. JMP Securities reissued a “market perform” rating on shares of Unity Software in a report on Monday, February 3rd. UBS Group dropped their price target on Unity Software from $30.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Finally, Wells Fargo & Company cut their price target on Unity Software from $22.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $24.29.

Hedge Funds Weigh In On Unity Software

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. raised its holdings in Unity Software by 3.8% during the first quarter. Victory Capital Management Inc. now owns 37,411 shares of the company’s stock worth $733,000 after purchasing an additional 1,369 shares during the last quarter. SBI Securities Co. Ltd. increased its position in shares of Unity Software by 8.1% in the first quarter. SBI Securities Co. Ltd. now owns 82,416 shares of the company’s stock valued at $1,615,000 after buying an additional 6,152 shares in the last quarter. Signaturefd LLC raised its stake in shares of Unity Software by 26.3% during the 1st quarter. Signaturefd LLC now owns 3,658 shares of the company’s stock worth $72,000 after buying an additional 762 shares during the last quarter. CWM LLC boosted its position in shares of Unity Software by 319.2% in the 1st quarter. CWM LLC now owns 47,814 shares of the company’s stock worth $937,000 after buying an additional 36,409 shares in the last quarter. Finally, Stephens Investment Management Group LLC purchased a new position in Unity Software during the 1st quarter valued at about $16,175,000. 73.46% of the stock is owned by institutional investors and hedge funds.

About Unity Software

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.