Unity Software Inc. (NYSE:U) Shares Sold by LPL Financial LLC

LPL Financial LLC lessened its holdings in shares of Unity Software Inc. (NYSE:U – Get Rating) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,809 shares of the company’s stock after selling 1,486 shares during the period. LPL Financial LLC’s holdings in Unity Software were worth $3,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Romano Brothers AND Company acquired a new stake in Unity Software during the fourth quarter worth about $25,000. Ellevest Inc. increased its stake in Unity Software by 133.2% in the fourth quarter. Ellevest Inc. now owns 1,005 shares of the company’s stock valued at $29,000 after purchasing an additional 574 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Unity Software in the 4th quarter valued at about $37,000. JTC Employer Solutions Trustee Ltd purchased a new position in shares of Unity Software during the fourth quarter worth about $38,000. Finally, Motco purchased a new position in Unity Software in the third quarter worth $42,000. Hedge funds and other institutional investors own 82.50% of the company’s stock.

Insider Buying and Selling at Unity Software

In other news, insider Tomer Bar-Zeev sold 75,000 shares of the stock in a transaction on Friday, March 31st. The stock was sold at an average price of $32.34, for a total value of $2,425,500.00. Following the completion of the transaction, the insider now directly owns 1,801,459 shares in the company, valued at approximately $58,259,184.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Marc Whitten sold 3,889 shares of the stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $30.27, for a total value of $117,720.03. Following the completion of the sale, the senior vice president now owns 677,682 shares in the company, valued at $20,513,434.14. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Tomer Bar-Zeev sold 75,000 shares of the firm’s stock in a transaction on Friday, March 31st. The shares were sold at an average price of $32.34, for a total value of $2,425,500.00. Following the sale, the insider now directly owns 1,801,459 shares of the company’s stock, valued at $58,259,184.06. The disclosure for this sale can be found here. Insiders sold 155,328 shares of company stock valued at $4,926,866 in the last quarter. Company insiders own 6.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on U shares. Piper Sandler raised their price target on Unity Software from $33.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, February 23rd. Oppenheimer cut Unity Software from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 23rd. Credit Suisse Group decreased their price objective on shares of Unity Software from $71.00 to $67.00 and set an “outperform” rating for the company in a report on Thursday, February 23rd. DA Davidson raised their price target on Unity Software from $35.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, February 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $44.00 price target on shares of Unity Software in a research report on Friday, April 14th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $40.06.

Unity Software Stock Up 0.6 %

Shares of NYSE U opened at $30.25 on Friday. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 0.78. Unity Software Inc. has a 1 year low of $21.22 and a 1 year high of $58.63. The firm has a market capitalization of $9.10 billion, a PE ratio of -10.02 and a beta of 2.16. The firm’s 50-day moving average is $28.84 and its 200-day moving average is $31.19.

Unity Software (NYSE:U – Get Rating) last released its quarterly earnings results on Wednesday, February 22nd. The company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.24). Unity Software had a negative return on equity of 23.63% and a negative net margin of 63.42%. The firm had revenue of $450.97 million for the quarter, compared to analyst estimates of $433.25 million. Equities analysts expect that Unity Software Inc. will post -1.46 EPS for the current year.

Unity Software Company Profile

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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.