Tomer Bar-Zeev Sells 166,667 Shares of Unity Software Inc. (NYSE:U) Stock

Director Tomer Bar-Zeev of Unity Software Inc. (NYSE:U) has made headlines by selling a substantial number of shares in the company. On Monday, February 3rd, he sold a total of 166,667 shares at an average price of $20.99 each. Consequently, the transaction amounted to an impressive total of $3,498,340.33. Following this sale, Bar-Zeev’s direct ownership in Unity Software now stands at 3,481,479 shares, which is valued at approximately $73,076,244.21.

This recent transaction represents a 4.57% decrease in Bar-Zeev’s overall stake in the company. The details surrounding this sale were disclosed in a filing with the Securities and Exchange Commission (SEC), which shareholders and interested parties can access for further information.

Recent Trading Activity by Tomer Bar-Zeev

In addition to the recent sale, Tomer Bar-Zeev has been actively trading Unity Software stock. On January 2nd, Bar-Zeev sold 250,000 shares at an average price of $25.02, leading to a total transaction of $6,255,000.00. Earlier, on December 4th, he sold 210,000 shares at an average price of $26.23, generating a total of $5,508,300.00. Furthermore, on November 15th, he was involved in another sale of 250,000 shares at an average price of $17.52, amounting to $4,380,000.00.

Current Market Performance of Unity Software

On the trading day following Bar-Zeev's sale, Unity Software stocks noted a slight increase, trading up by 0.8% and reaching $21.57 per share. The volume of shares that traded was 2,124,719, which is significantly lower than its average volume of 8,912,251 shares. Unity's market capitalization is currently valued at $8.69 billion, with a price-to-earnings (PE) ratio of -10.58 and a beta of 2.32, indicating a relatively high volatility in comparison to the market.

The 50-day moving average price is $23.49, while the 200-day moving average price sits at $20.57. Over the past 52 weeks, Unity Software has experienced a low of $13.90 and a high of $35.56.

Financial Outlook for Unity Software

Unity Software recently released its quarterly earnings report on November 7th, revealing an earnings per share (EPS) loss of $0.31. This was better than analysts' expectations, which had estimated an EPS loss of $0.39. The company reported a revenue of $446.52 million, surpassing forecasts of $428.01 million. In terms of profitability, Unity Software is facing challenges, including a negative net margin of 40.47% and a negative return on equity of 11.30%. Analysts project that the company is likely to report -1.72 EPS for the current financial year.

Analyst Ratings and Price Target Predictions

Various analysts have recently provided their insights on Unity Software’s stock. Morgan Stanley raised their target price from $24.00 to $26.00 while recommending the stock as “overweight.” Similarly, UBS Group increased their target price from $21.00 to $23.00, rating the stock as “neutral.” Benchmark, however, lowered their target price from $10.00 to $15.00, issuing a “sell” rating. These varied opinions reflect differing views on the company’s potential.

Currently, there are two analysts with a sell rating, seven who recommend holding the stock, and six who suggest buying. The average target price among analysts is set at $22.81, indicating a relatively cautious outlook.

Institutional Investment and Company Overview

Recent changes have occurred among institutional investors regarding Unity Software stock. RPG Investment Advisory LLC purchased a new stake worth approximately $404,000. Other notable investments include Maytree Asset Management Ltd, which invested about $540,000, and Handelsbanken Fonder AB, increasing its holdings by 23% with a total of 74,400 shares valued at $1,672,000. In total, hedge funds and institutional investors control about 73.46% of Unity Software shares.

Unity Software Inc. specializes in developing a real-time 3D platform that supports the creation of interactive content for diverse platforms such as mobile devices, PCs, and augmented reality. It sells its solutions directly and through independent resellers globally.

Unity, Bar-Zeev, Stock