Insider Selling: Unity Software Inc. (NYSE:U) Director Sells $2,119,991.52 in Stock

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 83,333 shares of Unity Software stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $25.44, for a total transaction of $2,119,991.52. Following the sale, the director now owns 3,398,146 shares of the company’s stock, valued at $86,448,834.24. The trade was a 2.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, February 3rd, Tomer Bar-Zeev sold 166,667 shares of Unity Software stock. The shares were sold at an average price of $20.99, for a total transaction of $3,498,340.33.
• On Thursday, January 2nd, Tomer Bar-Zeev sold 250,000 shares of Unity Software stock. The shares were sold at an average price of $25.02, for a total transaction of $6,255,000.00.
• On Wednesday, December 4th, Tomer Bar-Zeev sold 210,000 shares of Unity Software stock. The shares were sold at an average price of $26.23, for a total transaction of $5,508,300.00.

Unity Software Trading Up 1.1 %

NYSE U opened at $28.31 on Monday. The firm has a market cap of $11.41 billion, a PE ratio of -16.85 and a beta of 2.32. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $33.43. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The company has a 50 day moving average price of $22.53 and a 200 day moving average price of $21.18.

Unity Software (NYSE:U) last released its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.05. The company had revenue of $457.10 million for the quarter, compared to the consensus estimate of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. As a group, sell-side analysts forecast that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on U shares. Wells Fargo & Company boosted their price target on shares of Unity Software from $20.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday. HSBC upgraded shares of Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Friday. Hsbc Global Res upgraded shares of Unity Software to a “strong-buy” rating in a report on Friday. UBS Group boosted their price target on shares of Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Finally, Jefferies Financial Group boosted their price target on shares of Unity Software from $23.00 to $28.00 and gave the company a “hold” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Unity Software currently has a consensus rating of “Hold” and a consensus target price of $25.96.

Institutional Trading of Unity Software

Large investors have recently bought and sold shares of the stock. Anderson Financial Strategies LLC purchased a new stake in Unity Software during the 4th quarter worth approximately $28,000. R Squared Ltd purchased a new stake in Unity Software during the 4th quarter worth approximately $30,000. Principal Securities Inc. grew its position in Unity Software by 50.5% during the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after purchasing an additional 477 shares during the last quarter. Planning Capital Management Corp purchased a new stake in Unity Software during the 3rd quarter worth approximately $34,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Unity Software in the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

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.