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

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 210,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $26.23, for a total value of $5,508,300.00. Following the completion of the transaction, the director now owns 967,650 shares of the company’s stock, valued at $25,381,459.50. The trade was a 17.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 shares were sold at an average price of $17.52, for a total transaction of $4,380,000.00.

Unity Software Stock Performance

U stock traded up $1.29 during trading on Thursday, reaching $27.63. 26,474,093 shares of the company’s stock were exchanged, compared to its average volume of 10,664,545. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $43.54. The firm has a market cap of $11.13 billion, a PE ratio of -12.91 and a beta of 2.33. The company’s fifty day moving average price is $21.48 and its 200-day moving average price is $18.72. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70.

Analyst Ratings Changes

A number of brokerages have weighed in on U. 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. Morgan Stanley raised shares of Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 target price for the company in a research report on Tuesday, September 3rd. Wells Fargo & Company initiated coverage on Unity Software in a report on Monday, October 28th. They issued an “equal weight” rating and a $20.00 price objective for the company. Barclays increased their target price 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, UBS Group lifted their price objective on shares of Unity Software from $15.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Two 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $23.35.

Institutional Investors Weigh In On Unity Software

Several institutional investors have recently bought and sold shares of the stock. Cetera Investment Advisers raised its stake in shares of Unity Software by 346.5% in the 1st quarter. Cetera Investment Advisers now owns 119,938 shares of the company’s stock worth $3,202,000 after buying an additional 93,078 shares in the last quarter. DNB Asset Management AS lifted its holdings in shares of Unity Software by 5.1% in the second quarter. DNB Asset Management AS now owns 35,932 shares of the company’s stock valued at $584,000 after purchasing an additional 1,745 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in shares of Unity Software by 156.1% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 132,565 shares of the company’s stock worth $2,156,000 after buying an additional 80,795 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Unity Software by 56.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,234 shares of the company’s stock valued at $231,000 after buying an additional 5,128 shares in the last quarter. Finally, 180 Wealth Advisors LLC purchased a new position in shares of Unity Software during the second quarter valued at $215,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

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.