Insider Selling: Unity Software Inc. (NYSE:U) Director Sells 9,551 Shares of Stock

Unity Software Inc. (NYSE:U - Get Free Report) Director Tomer Bar-Zeev sold 9,551 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $25.51, for a total transaction of $243,646.01. Following the transaction, the director now directly owns 748,099 shares of the company's stock, valued at approximately $19,084,005.49. This trade represents a 1.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, June 2nd, Tomer Bar-Zeev sold 250,000 shares of Unity Software stock. The shares were sold at an average price of $26.39, for a total transaction 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.
• On Thursday, May 1st, Tomer Bar-Zeev sold 166,667 shares of Unity Software stock. The shares were sold at an average price of $21.59, for a total transaction 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 transaction of $3,340,006.68.

Unity Software Price Performance

U traded up $0.75 on Thursday, reaching $24.98. 10,508,967 shares of the company's stock were exchanged, compared to its average volume of 11,420,923. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The stock has a market cap of $10.38 billion, a PE ratio of -14.87 and a beta of 2.34. The stock's fifty day moving average price is $21.55 and its 200-day moving average price is $22.44. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $30.88.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Benchmark raised shares of Unity Software from a "sell" rating to a "hold" rating in a report on Thursday, February 20th. Wall Street Zen upgraded shares of Unity Software from a "hold" rating to a "buy" rating in a research report on Monday. Jefferies Financial Group upgraded shares of Unity Software from a "hold" rating to a "buy" rating and lifted their target price for the company from $22.00 to $29.00 in a research report on Friday, May 30th. 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 research report on Friday, February 21st. Finally, Barclays dropped their target price on shares of Unity Software from $26.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $25.14.

Institutional Trading of Unity Software

Several institutional investors have recently made changes to their positions in the company. Rhumbline Advisers raised its position in shares of Unity Software by 0.7% during the 1st quarter. Rhumbline Advisers now owns 316,933 shares of the company's stock valued at $6,209,000 after buying an additional 2,081 shares during the period. Focus Partners Wealth purchased a new stake in Unity Software in the first quarter valued at approximately $260,000. Bayforest Capital Ltd raised its position in Unity Software by 175.5% in the first quarter. Bayforest Capital Ltd now owns 6,045 shares of the company's stock valued at $118,000 after purchasing an additional 3,851 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position 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 valued at $15,930,000 after purchasing an additional 45,481 shares during the period. Finally, Sender Co & Partners Inc. purchased a new stake in Unity Software in the first quarter valued at approximately $2,042,000. 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.