Unity Software Inc. (NYSE:U) Director Sells $6,255,000.00 in Stock

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $25.02, for a total value of $6,255,000.00. Following the transaction, the director now owns 3,648,146 shares of the company’s stock, valued at $91,276,612.92. The trade was a 6.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, December 4th, Tomer Bar-Zeev sold 210,000 shares of Unity Software stock. The shares were sold at an average price of $26.23, for a total value of $5,508,300.00.
• On Friday, November 15th, Tomer Bar-Zeev sold 250,000 shares of Unity Software stock. The shares were sold at an average price of $17.52, for a total value of $4,380,000.00.

Unity Software Stock Performance

NYSE U opened at $24.09 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $39.29. The company has a market capitalization of $9.70 billion, a PE ratio of -11.81 and a beta of 2.32. The company has a fifty day moving average of $22.74 and a two-hundred day moving average of $19.66.

Institutional Investors Weigh In On Unity Software

A number of institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in Unity Software by 343.8% during the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after purchasing an additional 949 shares in the last quarter. Planning Capital Management Corp purchased a new position in Unity Software in the third quarter valued at about $34,000. Northwestern Mutual Wealth Management Co. increased its holdings in Unity Software by 163.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after buying an additional 1,389 shares in the last quarter. Brooklyn Investment Group purchased a new position in Unity Software in the third quarter valued at about $43,000. Finally, Versant Capital Management Inc increased its holdings in Unity Software by 186.9% in the fourth quarter. Versant Capital Management Inc now owns 2,812 shares of the company’s stock valued at $63,000 after buying an additional 1,832 shares in the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on U shares. Wells Fargo & Company started coverage on Unity Software in a report on Monday, October 28th. They issued an “equal weight” rating and a $20.00 price objective on the stock. Wedbush lifted their price objective on Unity Software from $21.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Stifel Nicolaus lifted their price objective on Unity Software from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Barclays lifted their price objective on Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Unity Software currently has a consensus rating of “Hold” and a consensus price target of $22.21.

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.