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 that occurred 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 owned 1,048,146 shares in the company, valued at $43,948,761.78. This represents a 19.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 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 Price Performance

NYSE U traded up $1.74 on Tuesday, reaching $44.88. The company’s stock had a trading volume of 5,902,689 shares, compared to its average volume of 11,801,756. Unity Software Inc. has a twelve month low of $15.33 and a twelve month high of $46.94. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.78 and a current ratio of 2.78. The firm’s 50 day moving average is $38.89 and its two-hundred day moving average is $34.42. The stock has a market cap of $19.20 billion, a PE ratio of -42.82 and a beta of 2.04.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CX Institutional purchased a new stake in Unity Software in the 2nd quarter worth approximately $25,000. Root Financial Partners LLC purchased a new position in shares of Unity Software during the 3rd quarter valued at $27,000. Banque Transatlantique SA acquired a new position in shares of Unity Software in the first quarter worth $28,000. Atlantic Union Bankshares Corp purchased a new stake in shares of Unity Software during the second quarter worth $28,000. Finally, Larson Financial Group LLC boosted its position in Unity Software by 88.1% during the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock valued at $29,000 after purchasing an additional 341 shares during the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on U shares. BTIG Research upgraded Unity Software from a “sell” rating to a “neutral” rating in a research report on Friday, October 31st. HSBC downgraded Unity Software from a “buy” rating to a “hold” rating and upped their target price for the company from $37.50 to $40.80 in a report on Tuesday, September 30th. Arete Research raised Unity Software from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Monday. The Goldman Sachs Group began coverage on Unity Software in a report on Wednesday, October 15th. They set a “neutral” rating and a $38.00 price objective on the stock. Finally, Macquarie upgraded shares of Unity Software from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $33.00 to $50.00 in a report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Unity Software has a consensus rating of “Hold” and a consensus target price 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.