Unity Software Inc. (NYSE:U) Holdings Trimmed by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its position in shares of Unity Software Inc. (NYSE:U) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,420 shares of the company’s stock after selling 1,364 shares during the period. Commonwealth Equity Services LLC’s holdings in Unity Software were worth $1,492,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. R Squared Ltd purchased a new stake in shares of Unity Software during the fourth quarter valued at $30,000. Principal Securities Inc. raised its holdings in Unity Software by 50.5% during the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after buying an additional 477 shares during the period. GAMMA Investing LLC raised its holdings in Unity Software by 33.6% during the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock worth $37,000 after buying an additional 411 shares during the period. Whipplewood Advisors LLC purchased a new stake in Unity Software during the fourth quarter valued at about $40,000. Finally, Brooklyn Investment Group acquired a new position in shares of Unity Software in the third quarter worth about $43,000. 73.46% of the stock is currently owned by institutional investors.

Insider Transactions at Unity Software

In other news, Director Tomer Bar-Zeev sold 250,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $25.02, for a total value of $6,255,000.00. Following the completion of the sale, the director now directly owns 3,648,146 shares in the company, valued at approximately $91,276,612.92. The trade was a 6.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Alexander Blum sold 1,479 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $25.26, for a total transaction of $37,359.54. Following the sale, the chief operating officer now directly owns 495,648 shares of the company’s stock, valued at approximately $12,520,068.48. This represents a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 865,236 shares of company stock worth $20,849,425. 6.30% of the stock is owned by corporate insiders.

Unity Software Price Performance

NYSE U opened at $20.52 on Friday. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $8.41 billion, a PE ratio of -12.21 and a beta of 2.27. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $30.88. The company has a 50 day moving average price of $22.58 and a two-hundred day moving average price of $22.28.

Unity Software (NYSE:U) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.05. The business had revenue of $457.10 million during the quarter, compared to analyst estimates of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. As a group, equities analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Needham & Company LLC upped their price target on shares of Unity Software from $26.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Macquarie started coverage on Unity Software in a report on Monday, March 10th. They issued a “neutral” rating and a $24.00 target price for the company. Wells Fargo & Company decreased their target price on Unity Software from $27.00 to $22.00 and set an “equal weight” rating for the company in a research report on Monday, March 10th. JMP Securities reissued a “market perform” rating on shares of Unity Software in a research report on Monday, February 3rd. Finally, UBS Group raised their price objective on Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $25.61.

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.