Unity Software Inc. (NYSE:U) Director Sells $4,380,000.00 in Stock

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $17.52, for a total value of $4,380,000.00. Following the completion of the transaction, the director now owns 4,248,146 shares of the company’s stock, valued at approximately $74,427,517.92. This trade represents a 5.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Unity Software Stock Performance

Shares of NYSE U traded up $0.64 during trading on Monday, hitting $17.98. 9,007,814 shares of the company traded hands, compared to its average volume of 10,438,128. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $43.54. The company has a 50-day moving average price of $20.67 and a 200-day moving average price of $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.

Institutional Trading of Unity Software

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in Unity Software by 343.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after acquiring an additional 949 shares during the period. Planning Capital Management Corp acquired a new position in shares of Unity Software in the 3rd quarter valued at approximately $34,000. Northwestern Mutual Wealth Management Co. raised its position in shares of 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 in the last quarter. Brooklyn Investment Group acquired a new position in shares of Unity Software in the 3rd quarter valued at approximately $43,000. Finally, Blue Trust Inc. increased 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 worth $51,000 after buying an additional 2,359 shares during the period. 73.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

U has been the subject of a number of research analyst reports. Needham & Company LLC raised their price target on Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Benchmark boosted their price target on Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a research report on Friday, November 8th. Piper Sandler restated a “neutral” rating and set a $17.00 target price (down from $25.00) on shares of Unity Software in a research note on Friday, August 9th. Morgan Stanley upgraded Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 target price on the stock in a research note on Tuesday, September 3rd. Finally, Macquarie boosted their price target on Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $23.35.

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.