Unity Software Inc. (NYSE:U) Shares Sold by Keystone Investors PTE Ltd.

Keystone Investors PTE Ltd. decreased its stake in Unity Software Inc. (NYSE:U - Free Report) by 15.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,042 shares of the company's stock after selling 15,201 shares during the quarter. Keystone Investors PTE Ltd.'s holdings in Unity Software were worth $1,866,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. R Squared Ltd purchased a new stake in shares of Unity Software during the fourth quarter worth $30,000. Principal Securities Inc. raised 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 valued at $32,000 after acquiring an additional 477 shares during the last quarter. GAMMA Investing LLC lifted 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 purchasing an additional 411 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Unity Software during the 4th quarter worth approximately $40,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Unity Software in the third quarter valued at approximately $43,000. Hedge funds and other institutional investors own 73.46% of the company's stock.

Unity Software Stock Performance

Shares of U traded down $1.06 during mid-day trading on Friday, reaching $20.52. 11,054,843 shares of the company's stock were exchanged, compared to its average volume of 10,695,166. The business's fifty day simple moving average is $22.58 and its 200-day simple moving average is $22.28. Unity Software Inc. has a 52-week low of $13.90 and a 52-week high of $30.88. The stock has a market capitalization of $8.41 billion, a PE ratio of -12.21 and a beta of 2.27. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41.

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Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings results 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 analysts' expectations of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. On average, equities research analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on U shares. Hsbc Global Res raised Unity Software to a "strong-buy" rating in a research note on Friday, February 21st. Wells Fargo & Company dropped their price objective on shares of Unity Software from $27.00 to $22.00 and set an "equal weight" rating for the company in a report on Monday, March 10th. Needham & Company LLC raised their price objective on shares of Unity Software from $26.00 to $33.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Macquarie initiated coverage on shares of Unity Software in a report on Monday, March 10th. They issued a "neutral" rating and a $24.00 target price on the stock. Finally, Wedbush reaffirmed an "outperform" rating and set a $27.00 price target on shares of Unity Software in a research report on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Unity Software currently has an average rating of "Moderate Buy" and a consensus target price of $25.61.

Insider Activity at Unity Software

In other news, CAO Mark Barrysmith sold 1,362 shares of the business's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $21.91, for a total value of $29,841.42. Following the completion of the transaction, the chief accounting officer now directly owns 452,276 shares of the company's stock, valued at $9,909,367.16. The trade was a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Anirma Gupta sold 31,948 shares of Unity Software stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $25.23, for a total value of $806,048.04. Following the sale, the senior vice president now owns 542,942 shares of the company's stock, valued at approximately $13,698,426.66. This represents a 5.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 865,236 shares of company stock valued at $20,849,425 in the last ninety days. 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.