Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev Sells 250,000 Shares

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 250,000 shares of the business’s 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 completion of the sale, the director now directly owns 3,648,146 shares of the company’s stock, valued at approximately $91,276,612.92. This trade represents a 6.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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 stock was 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 Down 1.7 %

Shares of Unity Software stock opened at $24.09 on Friday. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $39.29. The firm has a market cap of $9.70 billion, a price-to-earnings ratio of -11.81 and a beta of 2.33. The company has a 50-day moving average of $22.74 and a 200 day moving average of $19.63. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41.

Institutional Investors Weigh In On Unity Software

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in shares of Unity Software by 343.8% in the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after acquiring an additional 949 shares during the last quarter. Planning Capital Management Corp purchased a new stake in Unity Software during the 3rd quarter valued at about $34,000. Northwestern Mutual Wealth Management Co. increased its stake in Unity Software by 163.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after purchasing an additional 1,389 shares in the last quarter. Brooklyn Investment Group purchased a new position in Unity Software in the third quarter worth about $43,000. Finally, Versant Capital Management Inc lifted its stake in shares of Unity Software by 186.9% in the fourth quarter. Versant Capital Management Inc now owns 2,812 shares of the company’s stock worth $63,000 after buying an additional 1,832 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on U. Needham & Company LLC upped their price target on shares of Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a report on Friday, November 8th. UBS Group upped their price objective on shares of Unity Software from $15.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Benchmark raised their target price on Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a research note on Friday, November 8th. Oppenheimer reaffirmed a “market perform” rating on shares of Unity Software in a research report on Friday, October 18th. Finally, Barclays boosted their target price on Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $22.21.

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.