Unity Software Inc. (NYSE:U) Shares Sold by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. lessened its stake in Unity Software Inc. (NYSE:U) by 63.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 704 shares of the company’s stock after selling 1,220 shares during the period. Geneos Wealth Management Inc.’s holdings in Unity Software were worth $29,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of U. Northern Trust Corp raised its stake in Unity Software by 4.8% during the third quarter. Northern Trust Corp now owns 1,583,326 shares of the company’s stock worth $49,701,000 after acquiring an additional 72,770 shares during the period. Natixis Advisors L.P. raised its stake in Unity Software by 3.2% during the third quarter. Natixis Advisors L.P. now owns 13,226 shares of the company’s stock worth $415,000 after acquiring an additional 407 shares during the period. Compagnie Lombard Odier SCmA raised its stake in Unity Software by 20.3% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 3,670 shares of the company’s stock worth $150,000 after acquiring an additional 620 shares during the period. Graham Capital Management L.P. acquired a new stake in Unity Software during the third quarter worth about $414,000. Finally, LA Financiere DE L Echiquier raised its stake in Unity Software by 25.3% during the fourth quarter. LA Financiere DE L Echiquier now owns 399,600 shares of the company’s stock worth $16,340,000 after acquiring an additional 80,600 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

Unity Software Trading Down 0.9 %

Unity Software stock opened at $23.73 on Thursday. The firm has a 50 day simple moving average of $28.31 and a 200-day simple moving average of $30.73. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.60 and a quick ratio of 2.60. The stock has a market capitalization of $9.16 billion, a PE ratio of -10.99 and a beta of 2.42. Unity Software Inc. has a 12-month low of $22.20 and a 12-month high of $50.08.

Unity Software (NYSE:U) last issued its earnings results on Monday, February 26th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.89). The business had revenue of $609.27 million for the quarter, compared to the consensus estimate of $551.01 million. Unity Software had a negative return on equity of 10.14% and a negative net margin of 37.64%. The company’s quarterly revenue was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.50) earnings per share. As a group, equities research analysts expect that Unity Software Inc. will post -0.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

U has been the topic of several research reports. Needham & Company LLC dropped their price objective on shares of Unity Software from $40.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, February 27th. Barclays decreased their target price on shares of Unity Software from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 27th. Citigroup decreased their target price on shares of Unity Software from $50.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. William Blair restated an “outperform” rating on shares of Unity Software in a research report on Tuesday, January 9th. Finally, The Goldman Sachs Group upped their target price on shares of Unity Software from $29.00 to $32.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $37.03.

Insider Buying and Selling

In related news, SVP Anirma Gupta sold 756 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $33.07, for a total transaction of $25,000.92. Following the completion of the sale, the senior vice president now directly owns 396,985 shares in the company, valued at $13,128,293.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Anirma Gupta sold 756 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $33.07, for a total value of $25,000.92. Following the completion of the sale, the senior vice president now owns 396,985 shares in the company, valued at approximately $13,128,293.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Felix The sold 4,374 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $32.55, for a total transaction of $142,373.70. Following the completion of the sale, the senior vice president now owns 298,948 shares of the company’s stock, valued at approximately $9,730,757.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 341,723 shares of company stock worth $9,577,516. Corporate insiders own 9.00% of the company’s stock.

Unity Software 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.