Unity Software Inc. (NYSE:U) Director Sells $1,648,500.00 in Stock

Unity Software Inc. (NYSE:U - Get Free Report) Director Tomer Bar-Zeev sold 50,000 shares of the company's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $32.97, for a total transaction of $1,648,500.00. Following the sale, the director owned 2,298,146 shares in the company, valued at $75,769,873.62. This represents a 2.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• 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 stock was 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 shares were 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 stock was 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 stock was sold at an average price of $21.59, for a total transaction of $3,598,340.53.

Unity Software Trading Down 0.8%

U traded down $0.30 during mid-day trading on Friday, hitting $36.22. 7,630,293 shares of the stock were exchanged, compared to its average volume of 11,946,283. The company has a market cap of $15.06 billion, a PE ratio of -32.48 and a beta of 2.29. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $38.96. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.70. The firm's fifty day moving average is $24.85 and its two-hundred day moving average is $22.80.

Unity Software (NYSE:U - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.19. Unity Software had a negative return on equity of 14.12% and a negative net margin of 25.21%. The company had revenue of $435.00 million for the quarter, compared to the consensus estimate of $415.77 million. During the same quarter in the prior year, the business earned $0.28 EPS. Unity Software's revenue was down 5.5% on a year-over-year basis. Equities analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Wall Street Zen lowered Unity Software from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. UBS Group raised their target price on Unity Software from $22.00 to $33.00 and gave the stock a "neutral" rating in a research note on Thursday. Wells Fargo & Company lifted their price objective on shares of Unity Software from $19.00 to $24.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. Barclays reduced their price target on Unity Software from $26.00 to $25.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Finally, Morgan Stanley decreased their price objective on shares of Unity Software from $32.00 to $25.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $26.43.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Proficio Capital Partners LLC purchased a new position in Unity Software during the fourth quarter worth about $440,000. Raymond James Financial Inc. acquired a new stake in shares of Unity Software during the 4th quarter worth about $1,151,000. PNC Financial Services Group Inc. grew its stake in shares of Unity Software by 30.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,497 shares of the company's stock valued at $168,000 after buying an additional 1,756 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Unity Software by 3.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,778 shares of the company's stock worth $1,253,000 after acquiring an additional 1,987 shares during the last quarter. Finally, Swiss National Bank raised its holdings in Unity Software by 2.1% in the fourth quarter. Swiss National Bank now owns 546,400 shares of the company's stock valued at $12,278,000 after buying an additional 11,300 shares during the period. 73.46% of the stock is owned by hedge funds and other institutional investors.

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.

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