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

LPL Financial LLC cut its stake in Unity Software Inc. (NYSE:U) by 23.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,885 shares of the company’s stock after selling 22,226 shares during the quarter. LPL Financial LLC’s holdings in Unity Software were worth $1,593,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. R Squared Ltd purchased a new position in shares of Unity Software in the fourth quarter valued at approximately $30,000. Principal Securities Inc. boosted its position in Unity Software by 50.5% in the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after buying an additional 477 shares during the period. GAMMA Investing LLC grew its stake in shares of Unity Software by 33.6% in the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock worth $37,000 after acquiring an additional 411 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Unity Software during the fourth quarter worth $40,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Unity Software by 144.8% in the fourth quarter. Jones Financial Companies Lllp now owns 1,902 shares of the company’s stock valued at $43,000 after acquiring an additional 1,125 shares in the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. JMP Securities restated a “market perform” rating on shares of Unity Software in a report on Monday, February 3rd. Needham & Company LLC raised their price target on Unity Software from $26.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Citigroup raised Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, March 11th. Wells Fargo & Company cut their target price on Unity Software from $22.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Finally, Citizens Jmp upgraded Unity Software from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $24.46.

Insiders Place Their Bets

In other Unity Software news, Director David Helgason sold 38,924 shares of Unity Software stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $26.92, for a total value of $1,047,834.08. Following the completion of the sale, the director now owns 7,828,494 shares in the company, valued at $210,743,058.48. The trade was a 0.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mark Barrysmith sold 1,395 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $21.68, for a total transaction of $30,243.60. Following the completion of the transaction, the chief accounting officer now directly owns 450,881 shares in the company, valued at approximately $9,775,100.08. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 780,636 shares of company stock worth $17,904,132. Corporate insiders own 6.30% of the company’s stock.

Unity Software Stock Up 0.4 %

Shares of U opened at $18.90 on Thursday. The company has a 50-day simple moving average of $21.56 and a 200-day simple moving average of $22.05. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The firm has a market capitalization of $7.74 billion, a P/E ratio of -11.25 and a beta of 2.31. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88.

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, topping the consensus estimate of ($0.35) by $0.05. The firm had revenue of $457.10 million during the quarter, compared to analyst estimates of $433.47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. On average, equities research analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current year.

About Unity Software

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.