Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev Sells 50,000 Shares

Key Points

• Tomer Bar-Zeev sold 50,000 shares of Unity Software Inc. for $1,659,000, reducing his ownership by 2.27% to approximately 2.15 million shares.
• Unity Software's stock price has seen fluctuations, trading at $33.99 with a market cap of $14.13 billion and a negative PE ratio of -30.35.
• Recent earnings reports showed Unity Software had a revenue decline of 5.5% year-over-year, with an estimated EPS of -1.25 for the current year.

Unity Software Inc. (NYSE:U - Get Free Report) Director Tomer Bar-Zeev sold 50,000 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $33.18, for a total transaction of $1,659,000.00. Following the completion of the transaction, the director owned 2,148,146 shares of the company's stock, valued at $71,275,484.28. This represents a 2.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, August 1st, Tomer Bar-Zeev sold 50,000 shares of Unity Software stock. The stock was sold at an average price of $31.55, for a total transaction of $1,577,500.00.
• On Wednesday, July 16th, Tomer Bar-Zeev sold 50,000 shares of Unity Software stock. The shares were sold at an average price of $32.97, for a total value of $1,648,500.00.
• On Thursday, July 3rd, Tomer Bar-Zeev sold 50,000 shares of Unity Software stock. The stock was sold at an average price of $25.06, for a total value of $1,253,000.00.
• On Monday, June 9th, Tomer Bar-Zeev sold 9,551 shares of Unity Software stock. The shares were sold at an average price of $25.51, for a total value of $243,646.01.
• On Monday, June 2nd, Tomer Bar-Zeev sold 250,000 shares of Unity Software stock. The stock was sold at an average price of $26.39, for a total value of $6,597,500.00.
• On Wednesday, May 28th, Tomer Bar-Zeev sold 166,666 shares of Unity Software stock. The shares were sold at an average price of $25.15, for a total transaction of $4,191,649.90.

Unity Software Price Performance

U stock traded up $1.60 during trading on Thursday, hitting $33.52. The stock had a trading volume of 18,723,493 shares, compared to its average volume of 12,442,646. Unity Software Inc. has a twelve month low of $13.94 and a twelve month high of $38.96. The company's 50-day moving average price is $28.16 and its two-hundred day moving average price is $23.85. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.74 and a quick ratio of 2.74. The stock has a market capitalization of $13.93 billion, a P/E ratio of -29.93 and a beta of 2.32.

Unity Software (NYSE:U - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.01). Unity Software had a negative return on equity of 14.12% and a negative net margin of 25.21%. The firm had revenue of $440.94 million for the quarter, compared to analysts' expectations of $425.18 million. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. The firm's revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, research analysts predict that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Barclays lifted their target price on Unity Software from $25.00 to $30.00 and gave the stock an "equal weight" rating in a report on Thursday. Wells Fargo & Company lifted their price objective on Unity Software from $24.00 to $29.00 and gave the company an "equal weight" rating in a research note on Thursday. Jefferies Financial Group upped their target price on Unity Software from $29.00 to $35.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. JMP Securities lifted their price target on Unity Software from $30.00 to $35.00 and gave the company a "market outperform" rating in a research report on Thursday. Finally, Wall Street Zen lowered Unity Software from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Unity Software currently has an average rating of "Hold" and a consensus target price of $29.85.

Institutional Trading of Unity Software

A number of hedge funds and other institutional investors have recently made changes to their positions in U. American Century Companies Inc. acquired a new position in shares of Unity Software in the fourth quarter worth $318,000. Sei Investments Co. boosted its holdings in Unity Software by 44.1% in the fourth quarter. Sei Investments Co. now owns 17,922 shares of the company's stock valued at $403,000 after purchasing an additional 5,486 shares during the period. Pictet Asset Management Holding SA boosted its holdings in Unity Software by 12.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 41,225 shares of the company's stock valued at $926,000 after purchasing an additional 4,639 shares during the period. Alliancebernstein L.P. grew its stake in Unity Software by 541.3% during the 4th quarter. Alliancebernstein L.P. now owns 799,817 shares of the company's stock worth $17,972,000 after purchasing an additional 675,099 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Unity Software by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 4,769,609 shares of the company's stock worth $107,208,000 after purchasing an additional 84,480 shares during the period. Institutional investors and hedge funds 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.