Unity Software Inc. (NYSE:U) Shares Sold by Blair William & Co. IL

Blair William & Co. IL lessened its holdings in shares of Unity Software Inc. (NYSE:U - Free Report) by 10.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,716 shares of the company's stock after selling 17,135 shares during the period. Blair William & Co. IL's holdings in Unity Software were worth $3,207,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. R Squared Ltd bought a new position in shares of Unity Software in the fourth quarter worth about $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 Unity Software by 33.6% in the 4th 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 position in shares of Unity Software during the fourth quarter worth approximately $40,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Unity Software by 144.8% during 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. Institutional investors own 73.46% of the company's stock.

Unity Software Stock Performance

NYSE:U traded down $2.73 during midday trading on Thursday, hitting $18.18. The company's stock had a trading volume of 12,612,433 shares, compared to its average volume of 11,468,637. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The firm's 50 day moving average is $22.46 and its 200-day moving average is $22.31. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $30.88. The firm has a market cap of $7.45 billion, a P/E ratio of -10.82 and a beta of 2.27.

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

Analysts Set New Price Targets

Several research analysts recently issued reports on U shares. UBS Group increased their price objective on Unity Software from $21.00 to $23.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Hsbc Global Res raised Unity Software to a "strong-buy" rating in a research report on Friday, February 21st. Citizens Jmp raised shares of Unity Software from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. Barclays raised their target price on shares of Unity Software from $18.00 to $26.00 and gave the company an "equal weight" rating in a research report on Friday, February 21st. Finally, Macquarie began coverage on shares of Unity Software in a research report on Monday, March 10th. They issued a "neutral" rating and a $24.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $25.32.

Insider Buying and Selling at Unity Software

In other news, SVP Anirma Gupta sold 31,948 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $25.23, for a total transaction of $806,048.04. Following the transaction, the senior vice president now owns 542,942 shares in the company, valued at $13,698,426.66. This trade represents a 5.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Tomer Bar-Zeev sold 166,667 shares of Unity Software stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $20.99, for a total transaction of $3,498,340.33. Following the completion of the sale, the director now owns 3,481,479 shares in the company, valued at approximately $73,076,244.21. This trade represents a 4.57 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 781,903 shares of company stock valued at $17,934,432. Corporate insiders own 6.30% of the company's stock.

Unity Software Company 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.