Unity Software Inc. (NYSE:U - Get Free Report) Director Tomer Bar-Zeev sold 166,667 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $20.04, for a total value of $3,340,006.68. Following the completion of the transaction, the director now directly owns 2,981,479 shares of the company's stock, valued at approximately $59,748,839.16. The trade was a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Tomer Bar-Zeev also recently made the following trade(s):
- On Tuesday, March 4th, Tomer Bar-Zeev sold 236,337 shares of Unity Software stock. The shares were sold at an average price of $23.92, for a total value of $5,653,181.04.
- On Thursday, February 20th, Tomer Bar-Zeev sold 83,333 shares of Unity Software stock. The stock was sold at an average price of $25.44, for a total value of $2,119,991.52.
- On Monday, February 3rd, Tomer Bar-Zeev sold 166,667 shares of Unity Software stock. The shares were sold at an average price of $20.99, for a total transaction of $3,498,340.33.
- On Thursday, January 2nd, Tomer Bar-Zeev sold 250,000 shares of Unity Software stock. The stock was sold at an average price of $25.02, for a total transaction of $6,255,000.00.
Unity Software Stock Performance
Shares of NYSE U opened at $20.99 on Thursday. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $8.60 billion, a P/E ratio of -12.49 and a beta of 2.27. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $30.88. The stock has a 50 day moving average of $22.46 and a 200-day moving average of $22.31.
Unity Software (NYSE:U - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, topping analysts' consensus estimates of ($0.35) by $0.05. The firm had revenue of $457.10 million during the quarter, compared to analysts' expectations of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. As a group, equities research analysts predict that Unity Software Inc. will post -1.25 EPS for the current year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Unity Software during the fourth quarter worth $269,320,000. Slate Path Capital LP bought a new position in Unity Software during the fourth quarter worth about $62,387,000. Capital International Investors raised its stake in Unity Software by 10.4% in the 4th quarter. Capital International Investors now owns 18,886,853 shares of the company's stock worth $424,388,000 after purchasing an additional 1,786,032 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Unity Software by 3,843.9% in the 4th quarter. Ameriprise Financial Inc. now owns 1,769,948 shares of the company's stock valued at $39,771,000 after purchasing an additional 1,725,070 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Unity Software by 366.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,936,131 shares of the company's stock worth $43,505,000 after purchasing an additional 1,521,165 shares in the last quarter. 73.46% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the company. Wedbush reiterated an "outperform" rating and set a $27.00 price objective on shares of Unity Software in a report on Thursday, February 13th. Barclays raised their price target on shares of Unity Software from $18.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Friday, February 21st. Citigroup raised shares of Unity Software from a "neutral" rating to a "buy" rating and set a $30.00 price objective on the stock in a research report on Tuesday, March 11th. Macquarie began coverage on shares of Unity Software in a research note on Monday, March 10th. They issued a "neutral" rating and a $24.00 price target on the stock. Finally, HSBC upgraded shares of Unity Software from a "hold" rating to a "buy" rating and set a $34.00 price objective for the company in a research note on Friday, February 21st. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Unity Software presently has an average rating of "Moderate Buy" and an average target price of $25.32.
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About Unity Software
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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.
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