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

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 166,667 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $20.04, for a total transaction of $3,340,006.68. Following the transaction, the director now owns 2,981,479 shares in the company, valued at $59,748,839.16. This represents a 5.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Tuesday, March 4th, Tomer Bar-Zeev sold 236,337 shares of Unity Software stock. The shares were sold at an average price of $23.92, for a total transaction of $5,653,181.04.
• On Thursday, February 20th, Tomer Bar-Zeev sold 83,333 shares of Unity Software stock. The stock was sold at an average price of $25.44, for a total transaction of $2,119,991.52.
• 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 value of $3,498,340.33.
• On Thursday, January 2nd, Tomer Bar-Zeev sold 250,000 shares of Unity Software stock. The stock was sold at an average price of $25.02, for a total value of $6,255,000.00.

Unity Software Price Performance

Shares of NYSE U traded up $0.80 during mid-day trading on Wednesday, reaching $20.99. The company’s stock had a trading volume of 6,331,388 shares, compared to its average volume of 10,673,787. The stock has a fifty day moving average of $22.50 and a two-hundred day moving average of $22.32. The firm has a market capitalization of $8.60 billion, a PE ratio of -12.49 and a beta of 2.27. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on U. UBS Group raised their target price on Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Citizens Jmp raised shares of Unity Software from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. Benchmark raised shares of Unity Software from a “sell” rating to a “hold” rating in a report on Thursday, February 20th. Macquarie assumed coverage on shares of Unity Software in a research report on Monday, March 10th. They issued a “neutral” rating and a $24.00 price target on the stock. Finally, Wedbush reissued an “outperform” rating and set a $27.00 price objective on shares of Unity Software in a research report on Thursday, February 13th. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.32.

Institutional Trading of Unity Software

Hedge funds have recently bought and sold shares of the stock. Cerity Partners LLC lifted its position in Unity Software by 45.1% during the third quarter. Cerity Partners LLC now owns 78,478 shares of the company’s stock valued at $1,775,000 after purchasing an additional 24,406 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Unity Software by 5.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 86,602 shares of the company’s stock valued at $1,959,000 after acquiring an additional 4,497 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Unity Software by 11.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,791 shares of the company’s stock worth $1,217,000 after acquiring an additional 5,522 shares during the last quarter. Edgestream Partners L.P. increased its stake in Unity Software by 637.9% during the third quarter. Edgestream Partners L.P. now owns 102,899 shares of the company’s stock worth $2,328,000 after acquiring an additional 88,955 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its position in Unity Software by 7,349.6% during the third quarter. Benjamin Edwards Inc. now owns 26,893 shares of the company’s stock valued at $608,000 after purchasing an additional 26,532 shares during the period. Hedge funds and other institutional investors own 73.46% of the company’s stock.

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.