Insider Selling: Unity Software (NYSE:U) Director Sells 150,000 Shares of Stock

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 150,000 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $45.65, for a total value of $6,847,500.00. Following the sale, the director owned 1,798,146 shares of the company’s stock, valued at $82,085,364.90. This trade represents a 7.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Tuesday, September 2nd, Tomer Bar-Zeev sold 150,000 shares of Unity Software stock. The shares were sold at an average price of $37.75, for a total value of $5,662,500.00.
• On Monday, August 4th, Tomer Bar-Zeev sold 50,000 shares of Unity Software stock. The shares were sold at an average price of $33.18, for a total transaction of $1,659,000.00.
• 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 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 stock was sold at an average price of $25.06, for a total transaction of $1,253,000.00.

Unity Software Trading Down 0.7%

Unity Software stock opened at $45.59 on Thursday. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 12 month low of $15.33 and a 12 month high of $46.94. The company’s fifty day simple moving average is $37.14 and its 200-day simple moving average is $27.39. The stock has a market cap of $19.26 billion, a P/E ratio of -43.01 and a beta of 2.33.

Unity Software (NYSE:U) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.01). The business had revenue of $440.94 million during the quarter, compared to the consensus estimate of $425.18 million. Unity Software had a negative return on equity of 13.59% and a negative net margin of 24.38%.The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. As a group, sell-side analysts forecast that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on U. Morgan Stanley increased their price objective on Unity Software from $25.00 to $40.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Zacks Research lowered shares of Unity Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. JMP Securities increased 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, August 7th. Barclays boosted their price objective on Unity Software from $25.00 to $30.00 and gave the company an “equal weight” rating in a report on Thursday, August 7th. Finally, Bank of America assumed coverage on shares of Unity Software in a research report on Thursday, June 26th. They set an “underperform” rating and a $15.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.20.

Institutional Investors Weigh In On Unity Software

Several institutional investors have recently bought and sold shares of U. Cetera Investment Advisers lifted its position in Unity Software by 16.4% during the fourth quarter. Cetera Investment Advisers now owns 58,084 shares of the company’s stock valued at $1,305,000 after buying an additional 8,182 shares during the period. Janus Henderson Group PLC raised its stake in shares of Unity Software by 7.3% in the fourth quarter. Janus Henderson Group PLC now owns 127,649 shares of the company’s stock worth $2,870,000 after buying an additional 8,649 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Unity Software by 24.0% in the fourth quarter. Nuveen Asset Management LLC now owns 1,026,810 shares of the company’s stock worth $23,072,000 after purchasing an additional 198,515 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Unity Software in the fourth quarter worth about $36,000. Finally, Toronto Dominion Bank purchased a new stake in Unity Software during the 4th quarter valued at approximately $4,054,000. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

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.