Janney Montgomery Scott LLC Sells 20,789 Shares of Unity Software Inc. (NYSE:U)

Janney Montgomery Scott LLC cut its holdings in shares of Unity Software Inc. (NYSE:U - Free Report) by 60.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,452 shares of the company's stock after selling 20,789 shares during the period. Janney Montgomery Scott LLC's holdings in Unity Software were worth $302,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of Unity Software by 9.7% during the third quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company's stock valued at $106,008,000 after buying an additional 413,474 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Unity Software by 100.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company's stock valued at $42,662,000 after buying an additional 944,709 shares during the last quarter. Primecap Management Co. CA raised its holdings in shares of Unity Software by 7.1% during the third quarter. Primecap Management Co. CA now owns 811,994 shares of the company's stock valued at $18,367,000 after buying an additional 53,541 shares during the last quarter. Erste Asset Management GmbH bought a new stake in shares of Unity Software during the third quarter valued at approximately $12,317,000. Finally, Monolith Management Ltd bought a new stake in shares of Unity Software during the third quarter valued at approximately $10,993,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.

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Unity Software Trading Up 4.0 %

NYSE U traded up $0.83 on Friday, hitting $21.57. 9,436,891 shares of the stock were exchanged, compared to its average volume of 6,872,919. Unity Software Inc. has a 52-week low of $13.90 and a 52-week high of $35.56. 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 company has a market capitalization of $8.69 billion, a price-to-earnings ratio of -10.57 and a beta of 2.32. The company's 50-day moving average price is $22.73 and its two-hundred day moving average price is $20.78.

Insider Buying and Selling at Unity Software

In related news, Director Tomer Bar-Zeev sold 210,000 shares of Unity Software stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $26.23, for a total value of $5,508,300.00. Following the completion of the sale, the director now owns 967,650 shares of the company's stock, valued at approximately $25,381,459.50. The trade was a 17.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Shlomo Dovrat sold 3,750 shares of Unity Software stock in a transaction on Monday, November 18th. The shares were sold at an average price of $17.99, for a total transaction of $67,462.50. Following the completion of the sale, the director now directly owns 2,394,935 shares of the company's stock, valued at approximately $43,084,880.65. The trade was a 0.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 681,154 shares of company stock valued at $16,639,520 in the last quarter. Company insiders own 6.30% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on U shares. Macquarie raised their price objective on shares of Unity Software from $15.00 to $16.00 and gave the company an "underperform" rating in a research note on Friday, November 8th. Needham & Company LLC raised their price objective on shares of Unity Software from $23.00 to $26.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Morgan Stanley raised their price objective on shares of Unity Software from $24.00 to $26.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Jefferies Financial Group raised their price objective on shares of Unity Software from $20.00 to $23.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Finally, Benchmark raised their price objective on shares of Unity Software from $10.00 to $15.00 and gave the company a "sell" rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Unity Software presently has a consensus rating of "Hold" and a consensus target price of $22.81.

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.