Unity Software Inc. (NYSE:U) Director Sells $6,597,500.00 in Stock

Unity Software Inc. (NYSE:U - Get Free Report) Director Tomer Bar-Zeev sold 250,000 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $26.39, for a total transaction of $6,597,500.00. Following the transaction, the director now owns 2,398,146 shares of the company's stock, valued at approximately $63,287,072.94. This represents a 9.44% decrease in their ownership of the stock. The transaction 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 Wednesday, May 28th, Tomer Bar-Zeev sold 166,666 shares of Unity Software stock. The stock was sold at an average price of $25.15, for a total value of $4,191,649.90.
• On Thursday, May 1st, Tomer Bar-Zeev sold 166,667 shares of Unity Software stock. The stock was sold at an average price of $21.59, for a total value of $3,598,340.53.
• On Tuesday, April 1st, Tomer Bar-Zeev sold 166,667 shares of Unity Software stock. The stock was sold at an average price of $20.04, for a total value of $3,340,006.68.
• 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.

Unity Software Trading Down 3.4%

NYSE U traded down $0.89 during trading hours on Thursday, hitting $25.17. 8,842,717 shares of the company's stock were exchanged, compared to its average volume of 11,367,024. The stock has a 50-day simple moving average of $21.00 and a 200 day simple moving average of $22.32. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $30.88. The firm has a market cap of $10.46 billion, a price-to-earnings ratio of -14.98 and a beta of 2.29. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.38) by $0.19. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The firm had revenue of $435.00 million for the quarter, compared to analyst estimates of $415.77 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. The business's quarterly revenue was down 5.5% compared to the same quarter last year. On average, equities analysts forecast that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Analyst Ratings Changes

U has been the subject of a number of research reports. Wells Fargo & Company dropped their price objective on shares of Unity Software from $22.00 to $19.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Benchmark upgraded shares of Unity Software from a "sell" rating to a "hold" rating in a report on Thursday, February 20th. Stifel Nicolaus dropped their price objective on shares of Unity Software from $35.00 to $28.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Wall Street Zen cut Unity Software from a "buy" rating to a "hold" rating in a research note on Sunday. Finally, Morgan Stanley decreased their price target on Unity Software from $32.00 to $25.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $25.14.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its holdings in Unity Software by 0.7% in the first quarter. Rhumbline Advisers now owns 316,933 shares of the company's stock worth $6,209,000 after acquiring an additional 2,081 shares in the last quarter. Focus Partners Wealth bought a new position in Unity Software in the first quarter worth approximately $260,000. Bayforest Capital Ltd boosted its holdings in Unity Software by 175.5% in the first quarter. Bayforest Capital Ltd now owns 6,045 shares of the company's stock worth $118,000 after acquiring an additional 3,851 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Unity Software by 5.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 813,176 shares of the company's stock worth $15,930,000 after acquiring an additional 45,481 shares in the last quarter. Finally, Sender Co & Partners Inc. bought a new position in Unity Software in the first quarter worth approximately $2,042,000. 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.