Insider Selling: Unity Software (NYSE:U) Director Sells $6,356,250.00 in Stock

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 125,000 shares of Unity Software stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $50.85, for a total transaction of $6,356,250.00. Following the completion of the sale, the director owned 923,146 shares of the company’s stock, valued at $46,941,974.10. This represents a 11.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, December 12th, Tomer Bar-Zeev sold 50,000 shares of Unity Software stock. The stock was sold at an average price of $47.00, for a total value of $2,350,000.00.
• On Monday, December 1st, Tomer Bar-Zeev sold 250,000 shares of Unity Software stock. The stock was sold at an average price of $41.93, for a total transaction of $10,482,500.00.
• On Monday, November 3rd, Tomer Bar-Zeev sold 250,000 shares of Unity Software stock. The shares were sold at an average price of $37.98, for a total transaction of $9,495,000.00.
• On Wednesday, October 1st, Tomer Bar-Zeev sold 250,000 shares of Unity Software stock. The shares were sold at an average price of $39.83, for a total transaction of $9,957,500.00.

Unity Software Price Performance

NYSE:U traded down $0.86 during trading hours on Monday, reaching $45.30. 8,069,149 shares of the company were exchanged, compared to its average volume of 11,683,000. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 0.70. The stock’s 50-day moving average is $39.90 and its 200-day moving average is $36.00. Unity Software Inc. has a twelve month low of $15.33 and a twelve month high of $52.15. The firm has a market cap of $19.38 billion, a PE ratio of -43.14 and a beta of 2.04.

Unity Software (NYSE:U) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. Unity Software had a negative return on equity of 9.45% and a negative net margin of 24.15%.The business had revenue of $470.62 million for the quarter, compared to the consensus estimate of $452.87 million. During the same quarter in the prior year, the business posted ($0.31) EPS. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, sell-side analysts anticipate that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on U. Wall Street Zen upgraded Unity Software from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. HSBC downgraded Unity Software from a “buy” rating to a “hold” rating and upped their price objective for the stock from $37.50 to $40.80 in a report on Tuesday, September 30th. Wedbush raised their price objective on shares of Unity Software from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, December 2nd. UBS Group upped their price objective on Unity Software from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, October 20th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Unity Software in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Unity Software currently has an average rating of “Moderate Buy” and a consensus price target of $43.04.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of U. Wellington Management Group LLP grew its stake in shares of Unity Software by 58.7% during the 3rd quarter. Wellington Management Group LLP now owns 18,213,875 shares of the company’s stock valued at $729,284,000 after purchasing an additional 6,734,285 shares during the period. Norges Bank acquired a new position in Unity Software during the 2nd quarter valued at approximately $151,221,000. Atreides Management LP lifted its stake in shares of Unity Software by 146.7% in the 1st quarter. Atreides Management LP now owns 9,430,955 shares of the company’s stock valued at $184,752,000 after purchasing an additional 5,607,572 shares during the period. Slate Path Capital LP raised its holdings in shares of Unity Software by 25.4% during the second quarter. Slate Path Capital LP now owns 20,016,952 shares of the company’s stock valued at $484,410,000 after acquiring an additional 4,048,484 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of Unity Software during the 3rd quarter worth $106,233,000. 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.