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

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

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 transaction 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 transaction of $4,380,000.00.

Unity Software Trading Down 1.7 %

Shares of Unity Software stock traded down $0.42 on Friday, reaching $24.09. The company had a trading volume of 13,972,662 shares, compared to its average volume of 23,645,730. The firm’s 50 day moving average price is $22.65 and its two-hundred day moving average price is $19.56. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. Unity Software Inc. has a 52-week low of $13.90 and a 52-week high of $39.29. The firm has a market cap of $9.70 billion, a PE ratio of -11.81 and a beta of 2.33.

Institutional Trading of Unity Software

A number of large investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in Unity Software by 9.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock worth $106,008,000 after buying an additional 413,474 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Unity Software by 9.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,324,694 shares of the company’s stock worth $37,806,000 after purchasing an additional 200,008 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Unity Software by 100.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock valued at $42,662,000 after purchasing an additional 944,709 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Unity Software by 40.6% during the second quarter. Bank of New York Mellon Corp now owns 1,471,671 shares of the company’s stock worth $23,929,000 after purchasing an additional 424,806 shares in the last quarter. Finally, Primecap Management Co. CA lifted its position in shares of Unity Software by 7.1% during the 3rd quarter. Primecap Management Co. CA now owns 811,994 shares of the company’s stock worth $18,367,000 after buying an additional 53,541 shares during 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 brokerages have recently weighed in on U. Macquarie increased their price objective on Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a report on Friday, November 8th. UBS Group lifted 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. Barclays raised their target price on shares of Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Benchmark boosted their target price on shares of Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a research report on Friday, November 8th. Finally, Wells Fargo & Company initiated coverage on Unity Software in a research report on Monday, October 28th. They set an “equal weight” rating and a $20.00 price target on the stock. Two 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. Based on data from MarketBeat, Unity Software presently has an average rating of “Hold” and an average price target 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.