Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev Sells 166,666 Shares

Unity Software Inc. (NYSE:U - Get Free Report) Director Tomer Bar-Zeev sold 166,666 shares of the stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $25.15, for a total transaction of $4,191,649.90. Following the transaction, the director now directly owns 2,648,146 shares of the company's stock, valued at approximately $66,600,871.90. This trade represents a 5.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 shares were 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 value of $5,653,181.04.

Unity Software Trading Up 0.9%

Unity Software stock traded up $0.24 during midday trading on Monday, reaching $26.32. The stock had a trading volume of 5,072,732 shares, compared to its average volume of 11,349,815. The stock's 50-day simple moving average is $20.71 and its 200 day simple moving average is $22.20. The stock has a market capitalization of $10.94 billion, a PE ratio of -15.67 and a beta of 2.29. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $30.88. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41.

Unity Software (NYSE:U - Get Free Report) last announced its earnings results 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 business had revenue of $435.00 million during the quarter, compared to the consensus estimate of $415.77 million. During the same period in the prior year, the firm earned $0.28 earnings per share. The business's quarterly revenue was down 5.5% compared to the same quarter last year. Analysts expect that Unity Software Inc. will post -1.25 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Benchmark raised shares of Unity Software from a "sell" rating to a "hold" rating in a research report on Thursday, February 20th. HSBC upgraded shares of Unity Software from a "hold" rating to a "buy" rating and set a $34.00 target price on the stock in a report on Friday, February 21st. Wall Street Zen downgraded shares of Unity Software from a "buy" rating to a "hold" rating in a research note on Sunday. Wedbush cut Unity Software from a "strong-buy" rating to a "strong sell" rating in a research note on Wednesday, May 7th. Finally, UBS Group decreased their price target on Unity Software from $30.00 to $22.00 and set a "neutral" rating for the company in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $25.14.

Institutional Investors Weigh In On Unity Software

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Unity Software by 5.9% during the first quarter. Vanguard Group Inc. now owns 32,964,521 shares of the company's stock worth $645,775,000 after acquiring an additional 1,841,486 shares during the period. Capital International Investors grew its stake in shares of Unity Software by 10.4% in the 4th quarter. Capital International Investors now owns 18,886,853 shares of the company's stock worth $424,388,000 after purchasing an additional 1,786,032 shares during the last quarter. Norges Bank bought a new stake in shares of Unity Software in the 4th quarter worth approximately $269,320,000. Atreides Management LP raised its holdings in shares of Unity Software by 146.7% in the 1st quarter. Atreides Management LP now owns 9,430,955 shares of the company's stock worth $184,752,000 after purchasing an additional 5,607,572 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Unity Software by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 4,769,609 shares of the company's stock worth $107,208,000 after buying an additional 84,480 shares in the last quarter. 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.