Key Points
- Tomer Bar‑Zeev sold 50,000 shares of Unity on Dec. 12 at $47.00 for $2.35 million, leaving him with 873,146 shares and representing a 5.42% drop in his ownership.
- The Dec. 12 sale is part of a string of insider disposals since Oct. 1 that raised roughly $38.6 million in proceeds from Bar‑Zeev's sales.
- Unity shares are trading down recently and, while the company beat quarterly EPS and revenue estimates, it still has negative margins; analysts are mostly positive with a consensus rating of "Moderate Buy" and an average price target near $43, alongside several upgrades pushing targets to about $59–$60.
Unity Software Inc. (NYSE:U - Get Free Report) Director Tomer Bar-Zeev sold 50,000 shares of Unity Software stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $47.00, for a total transaction of $2,350,000.00. Following the transaction, the director directly owned 873,146 shares in the company, valued at $41,037,862. This trade represents a 5.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Tomer Bar-Zeev also recently made the following trade(s):
- On Thursday, December 11th, Tomer Bar-Zeev sold 125,000 shares of Unity Software stock. The stock was sold at an average price of $50.85, for a total value of $6,356,250.00.
- On Monday, December 1st, Tomer Bar-Zeev sold 250,000 shares of Unity Software stock. The shares were sold at an average price of $41.93, for a total transaction of $10,482,500.00.
- On Monday, November 3rd, Tomer Bar-Zeev sold 250,000 shares of Unity Software stock. The shares were sold at an average price of $37.98, for a total transaction of $9,495,000.00.
- On Wednesday, October 1st, Tomer Bar-Zeev sold 250,000 shares of Unity Software stock. The stock was sold at an average price of $39.83, for a total transaction of $9,957,500.00.
Unity Software Trading Down 1.9%
Shares of U opened at $45.30 on Tuesday. The firm's 50-day moving average price is $40.05 and its 200-day moving average price is $36.15. The firm has a market capitalization of $19.38 billion, a price-to-earnings ratio of -43.14 and a beta of 2.04. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 1-year low of $15.33 and a 1-year high of $52.15.
Unity Software (NYSE:U - Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.03. The company had revenue of $470.62 million during the quarter, compared to the consensus estimate of $452.87 million. Unity Software had a negative net margin of 24.15% and a negative return on equity of 9.45%. Unity Software's revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.31) earnings per share. Sell-side analysts anticipate that Unity Software Inc. will post -1.25 EPS for the current year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Wellington Management Group LLP lifted its stake in shares of Unity Software by 58.7% in the third quarter. Wellington Management Group LLP now owns 18,213,875 shares of the company's stock worth $729,284,000 after buying an additional 6,734,285 shares in the last quarter. Norges Bank bought a new stake in shares of Unity Software during the second quarter valued at approximately $151,221,000. Atreides Management LP raised its holdings in Unity Software by 146.7% in the 1st quarter. Atreides Management LP now owns 9,430,955 shares of the company's stock worth $184,752,000 after acquiring an additional 5,607,572 shares during the last quarter. Slate Path Capital LP lifted its position in Unity Software by 25.4% in the 2nd quarter. Slate Path Capital LP now owns 20,016,952 shares of the company's stock valued at $484,410,000 after acquiring an additional 4,048,484 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new position in Unity Software in the 3rd quarter valued at approximately $106,233,000. 73.46% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research firms recently weighed in on U. BTIG Research upgraded Unity Software from a "neutral" rating to a "buy" rating and set a $60.00 price target on the stock in a research report on Thursday, December 11th. Piper Sandler raised Unity Software from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $43.00 to $59.00 in a research report on Thursday, December 11th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Unity Software in a research report on Wednesday, October 8th. Macquarie upgraded shares of Unity Software from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $33.00 to $50.00 in a report on Friday, November 7th. Finally, Wedbush raised their target price on shares of Unity Software from $50.00 to $55.00 and gave the company an "outperform" rating in a research note on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $43.04.
Read Our Latest Report on Unity Software
Unity Software Company Profile
(
Get Free Report)
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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