Cerity Partners LLC Sells 18,124 Shares of Unity Software Inc. (NYSE:U)

Cerity Partners LLC lowered its position in shares of Unity Software Inc. (NYSE:U - Free Report) by 23.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,354 shares of the company's stock after selling 18,124 shares during the period. Cerity Partners LLC's holdings in Unity Software were worth $1,357,000 at the end of the most recent reporting period.

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

Unity Software Stock Up 4.4 %

Unity Software stock traded up $0.84 during mid-day trading on Tuesday, hitting $20.09. The company had a trading volume of 4,125,615 shares, compared to its average volume of 10,877,225. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $30.88. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock's 50 day moving average price is $21.53 and its two-hundred day moving average price is $22.01. The company has a market capitalization of $8.23 billion, a PE ratio of -11.99 and a beta of 2.31.

Unity Software (NYSE:U - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, beating analysts' consensus estimates 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, sell-side analysts anticipate that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on U. Jefferies Financial Group lowered their price target on Unity Software from $24.00 to $16.00 and set a "hold" rating for the company in a research report on Monday, April 7th. Wells Fargo & Company decreased their target price on Unity Software from $22.00 to $19.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. UBS Group cut their price target on shares of Unity Software from $30.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. HSBC raised shares of Unity Software from a "hold" rating to a "buy" rating and set a $34.00 price objective on the stock in a research report on Friday, February 21st. Finally, Morgan Stanley dropped their target price on shares of Unity Software from $32.00 to $25.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. 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 stock. Based on data from MarketBeat, Unity Software currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.96.

Insider Activity at Unity Software

In related news, Director Tomer Bar-Zeev sold 236,337 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $23.92, for a total transaction of $5,653,181.04. Following the completion of the sale, the director now directly owns 3,161,809 shares in the company, valued at approximately $75,630,471.28. The trade was a 6.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Mark Barrysmith sold 1,395 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $21.68, for a total value 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. Insiders have sold 782,231 shares of company stock valued at $17,933,528 over the last ninety days. Insiders own 6.30% 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.