Insider Selling: Unity Software (NYSE:U) Director Sells $2,350,000.00 in Stock

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 50,000 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $47.00, for a total value of $2,350,000.00. Following the completion of the sale, the director directly owned 873,146 shares of the company’s stock, valued at approximately $41,037,862. The trade was a 5.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, December 11th, Tomer Bar-Zeev sold 125,000 shares of Unity Software stock. The stock was sold at an average price of $50.85, for a total transaction of $6,356,250.00.
• On Monday, December 1st, Tomer Bar-Zeev sold 250,000 shares of Unity Software stock. The shares were sold at an average price of $41.93, for a total transaction of $10,482,500.00.
• 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 transaction of $9,495,000.00.
• On Wednesday, October 1st, Tomer Bar-Zeev sold 250,000 shares of Unity Software stock. The stock was sold at an average price of $39.83, for a total transaction of $9,957,500.00.

Unity Software Stock Down 1.9%

Shares of U stock opened at $43.73 on Thursday. Unity Software Inc. has a 52-week low of $15.33 and a 52-week high of $52.15. The stock has a market cap of $18.71 billion, a price-to-earnings ratio of -41.65 and a beta of 2.04. The firm’s 50-day moving average is $40.36 and its 200-day moving average is $36.33. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.78 and a current ratio of 2.78.

Unity Software (NYSE:U) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The business had revenue of $470.62 million during the quarter, compared to analysts’ expectations of $452.87 million. Unity Software had a negative return on equity of 9.45% and a negative net margin of 24.15%.Unity Software’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.31) earnings per share. Sell-side analysts predict that Unity Software Inc. will post -1.25 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on U shares. Hsbc Global Res lowered Unity Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Macquarie upgraded shares of Unity Software from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $33.00 to $50.00 in a report on Friday, November 7th. Citigroup increased their price objective on shares of Unity Software from $50.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Wells Fargo & Company raised shares of Unity Software from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $42.00 to $51.00 in a report on Friday, December 5th. Finally, HSBC cut shares of Unity Software from a “buy” rating to a “hold” rating and increased their price target for the company from $37.50 to $40.80 in a report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Unity Software has an average rating of “Moderate Buy” and a consensus target price of $43.04.

Hedge Funds Weigh In On Unity Software

A number of hedge funds have recently bought and sold shares of U. Wellington Management Group LLP raised its position in shares of Unity Software by 58.7% in the third quarter. Wellington Management Group LLP now owns 18,213,875 shares of the company’s stock valued at $729,284,000 after buying an additional 6,734,285 shares in the last quarter. Norges Bank bought a new position in Unity Software during the 2nd quarter worth $151,221,000. Atreides Management LP increased its stake in Unity Software by 146.7% during the 1st quarter. Atreides Management LP now owns 9,430,955 shares of the company’s stock worth $184,752,000 after acquiring an additional 5,607,572 shares during the period. Slate Path Capital LP raised its holdings in Unity Software by 25.4% in the 2nd quarter. Slate Path Capital LP now owns 20,016,952 shares of the company’s stock valued at $484,410,000 after acquiring an additional 4,048,484 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of Unity Software during the 3rd quarter valued at $106,233,000. 73.46% of the stock is owned by institutional investors.

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.