Unity Software Inc. (NYSE:U) Director Sells $1,577,500.00 in Stock

Key Points

• Tomer Bar-Zeev, Director of Unity Software Inc., sold 50,000 shares at an average price of $31.55, resulting in a total transaction of $1,577,500, reducing his position by 2.22%.
• Unity Software shares traded down 0.1%, reaching $33.99, with a trading volume of over 16 million shares, compared to an average of 15 million.
• Unity Software reported a negative EPS of $0.19 for the last quarter, surpassing analysts' expectations, while also posting a year-over-year revenue decline of 5.5%.

Unity Software Inc. (NYSE:U - Get Free Report) Director Tomer Bar-Zeev sold 50,000 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $31.55, for a total value of $1,577,500.00. Following the transaction, the director directly owned 2,198,146 shares in the company, valued at approximately $69,351,506.30. The trade was a 2.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Monday, August 4th, Tomer Bar-Zeev sold 50,000 shares of Unity Software stock. The stock was sold at an average price of $33.18, for a total value of $1,659,000.00.
• On Wednesday, July 16th, Tomer Bar-Zeev sold 50,000 shares of Unity Software stock. The stock was 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 shares were 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 transaction 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 Trading Up 5.0%

Shares of U traded up $1.60 on Thursday, hitting $33.52. 18,723,493 shares of the stock traded hands, compared to its average volume of 12,442,646. Unity Software Inc. has a 1 year low of $13.94 and a 1 year high of $38.96. The stock's 50 day moving average is $28.16 and its two-hundred day moving average is $23.85. The firm has a market capitalization of $13.93 billion, a P/E ratio of -29.93 and a beta of 2.32. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.26) earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $440.94 million for the quarter, compared to analysts' expectations of $425.18 million. During the same period in the prior year, the company earned ($0.32) EPS. The company's revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, sell-side analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current year.

Institutional Trading of Unity Software

Hedge funds have recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC boosted its position in Unity Software by 30,300.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company's stock worth $25,000 after purchasing an additional 1,212 shares during the period. CX Institutional purchased a new position in Unity Software in the second quarter valued at about $25,000. Anderson Financial Strategies LLC acquired a new position in shares of Unity Software during the fourth quarter worth about $28,000. Banque Transatlantique SA purchased a new stake in shares of Unity Software in the first quarter worth about $28,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Unity Software in the second quarter valued at about $28,000. 73.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

U has been the topic of several research analyst reports. Citigroup boosted their target price on shares of Unity Software from $29.00 to $44.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. BTIG Research downgraded Unity Software from a "neutral" rating to a "sell" rating and set a $25.00 target price on the stock. in a research report on Wednesday, July 23rd. UBS Group raised their price target on Unity Software from $22.00 to $33.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. JMP Securities boosted their price objective on shares of Unity Software from $30.00 to $35.00 and gave the stock a "market outperform" rating in a research report on Thursday. Finally, Barclays increased their price objective on shares of Unity Software from $25.00 to $30.00 and gave the company an "equal weight" rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $29.85.

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.