Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev Sells 210,000 Shares

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 210,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $26.23, for a total transaction of $5,508,300.00. Following the completion of the transaction, the director now owns 967,650 shares in the company, valued at approximately $25,381,459.50. This trade represents a 17.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• 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 value of $4,380,000.00.

Unity Software Stock Performance

Shares of Unity Software stock opened at $27.64 on Friday. The company has a 50 day moving average of $21.58 and a 200-day moving average of $18.78. The company has a market cap of $11.13 billion, a PE ratio of -13.55 and a beta of 2.33. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $43.54.

Analysts Set New Price Targets

U has been the topic of a number of recent research reports. Barclays increased their target price on Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Wells Fargo & Company initiated coverage on Unity Software in a report on Monday, October 28th. They set an “equal weight” rating and a $20.00 target price for the company. UBS Group boosted their target price on shares of Unity Software from $15.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Wedbush raised their price target on shares of Unity Software from $21.00 to $27.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Finally, The Goldman Sachs Group cut their price objective on shares of Unity Software from $26.00 to $22.50 and set a “neutral” rating for the company in a report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $23.35.

Institutional Investors Weigh In On Unity Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake 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 acquiring an additional 949 shares in the last quarter. Planning Capital Management Corp acquired a new position in Unity Software during the 3rd quarter worth approximately $34,000. Northwestern Mutual Wealth Management Co. lifted its stake in Unity Software by 163.0% in 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 during the last quarter. Brooklyn Investment Group acquired a new stake in Unity Software in the third quarter valued at approximately $43,000. Finally, Blue Trust Inc. boosted its position in Unity Software by 308.8% in the second quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock valued at $51,000 after buying an additional 2,359 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors.

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.