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 stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $25.02, for a total transaction of $6,255,000.00. Following the completion of the sale, the director now owns 3,648,146 shares in the company, valued at $91,276,612.92. This represents a 6.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $17.52, for a total transaction of $4,380,000.00.

Unity Software Stock Performance

Shares of U stock opened at $24.09 on Monday. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $39.29. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The firm has a market capitalization of $9.70 billion, a P/E ratio of -11.81 and a beta of 2.32. The company’s fifty day moving average price is $22.74 and its two-hundred day moving average price is $19.66.

Analysts Set New Price Targets

A number of analysts recently issued reports on U shares. Stifel Nicolaus raised their target price on shares of Unity Software from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a report on Friday, September 13th. Oppenheimer reiterated a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. Macquarie lifted their price target on shares of Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a report on Friday, November 8th. Finally, Wedbush lifted their price target on shares of Unity Software from $21.00 to $27.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $22.21.

Hedge Funds Weigh In On Unity Software

Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of Unity Software by 9.7% in the 3rd quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock valued at $106,008,000 after purchasing an additional 413,474 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Unity Software by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,324,694 shares of the company’s stock valued at $37,806,000 after purchasing an additional 200,008 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Unity Software by 100.4% in the 3rd 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 stake in shares of Unity Software by 40.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,471,671 shares of the company’s stock valued at $23,929,000 after purchasing an additional 424,806 shares in the last quarter. Finally, Primecap Management Co. CA raised its stake in shares of Unity Software by 7.1% in the 3rd quarter. Primecap Management Co. CA now owns 811,994 shares of the company’s stock valued at $18,367,000 after purchasing an additional 53,541 shares in the last quarter. Institutional investors and hedge funds 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.