Tomer Bar-Zeev Sells 250,000 Shares of Unity Software (NYSE:U) Stock

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 250,000 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $41.93, for a total value of $10,482,500.00. Following the transaction, the director owned 1,048,146 shares in the company, valued at approximately $43,948,761.78. This represents a 19.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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 shares were sold at an average price of $37.98, for a total value 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 Stock Up 0.6%

Shares of NYSE:U opened at $44.70 on Thursday. The company has a market capitalization of $19.13 billion, a price-to-earnings ratio of -42.58 and a beta of 2.04. The company has a 50 day moving average of $38.89 and a two-hundred day moving average of $34.64. Unity Software Inc. has a 52-week low of $15.33 and a 52-week high of $46.94. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 0.70.

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

Institutional Investors Weigh In On Unity Software

A number of institutional investors have recently made changes to their positions in U. CX Institutional bought a new position in Unity Software during the second quarter worth $25,000. Root Financial Partners LLC acquired a new stake in shares of Unity Software during the third quarter worth $27,000. Banque Transatlantique SA bought a new position in shares of Unity Software in the 1st quarter worth about $28,000. Atlantic Union Bankshares Corp acquired a new position in shares of Unity Software in the 2nd quarter valued at about $28,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Unity Software by 88.1% in the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock valued at $29,000 after buying an additional 341 shares during the period. 73.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Morgan Stanley raised their target price on Unity Software from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Barclays raised their price objective on Unity Software from $30.00 to $35.00 and gave the company an “equal weight” rating in a research note on Thursday, November 6th. Wedbush upped their target price on Unity Software from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday. HSBC cut Unity Software from a “buy” rating to a “hold” rating and increased their target price for the company from $37.50 to $40.80 in a research note on Tuesday, September 30th. Finally, BTIG Research upgraded shares of Unity Software from a “sell” rating to a “neutral” rating in a research note on Friday, October 31st. One research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Unity Software currently has an average rating of “Hold” and an average 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.