Unity Software Inc. (NYSE:U) Stock Holdings Reduced by Resolute Advisors LLC

Resolute Advisors LLC cut its stake in Unity Software Inc. (NYSE:U - Free Report) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,243,204 shares of the company's stock after selling 397,081 shares during the quarter. Unity Software makes up approximately 59.7% of Resolute Advisors LLC's portfolio, making the stock its largest holding. Resolute Advisors LLC owned approximately 3.64% of Unity Software worth $231,594,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of U. Tradewinds Capital Management LLC raised its holdings in Unity Software by 245.6% in the 1st quarter. Tradewinds Capital Management LLC now owns 985 shares of the company's stock valued at $26,000 after acquiring an additional 700 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Unity Software by 2,429.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company's stock valued at $28,000 after acquiring an additional 996 shares during the last quarter. Principal Securities Inc. acquired a new stake in Unity Software in the 4th quarter valued at about $37,000. Tidemark LLC acquired a new stake in shares of Unity Software during the 4th quarter worth approximately $39,000. Finally, Blue Trust Inc. increased its holdings in shares of Unity Software by 308.8% during the 2nd quarter. Blue Trust Inc. now owns 3,123 shares of the company's stock worth $51,000 after buying an additional 2,359 shares during the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on U shares. JMP Securities restated a "market perform" rating on shares of Unity Software in a report on Friday. Macquarie cut their price target on shares of Unity Software from $14.00 to $12.00 and set an "underperform" rating for the company in a report on Friday, August 9th. Piper Sandler restated a "neutral" rating and set a $17.00 price target (down previously from $25.00) on shares of Unity Software in a report on Friday, August 9th. Benchmark cut their price target on shares of Unity Software from $16.00 to $10.00 and set a "sell" rating for the company in a report on Friday, August 9th. Finally, Stifel Nicolaus lifted their target price on shares of Unity Software from $20.00 to $25.00 and gave the company a "buy" rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Unity Software currently has a consensus rating of "Hold" and an average target price of $26.82.

Insider Buying and Selling at Unity Software

In other Unity Software news, SVP Felix The sold 30,000 shares of Unity Software stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $17.89, for a total value of $536,700.00. Following the transaction, the senior vice president now directly owns 423,679 shares in the company, valued at $7,579,617.31. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, SVP Felix The sold 30,000 shares of the business's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $17.89, for a total transaction of $536,700.00. Following the transaction, the senior vice president now directly owns 423,679 shares in the company, valued at $7,579,617.31. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David Helgason sold 250,000 shares of the business's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the transaction, the director now owns 8,201,851 shares in the company, valued at $168,876,112.09. The disclosure for this sale can be found here. Over the last three months, insiders have sold 285,472 shares of company stock worth $5,775,071. 6.30% of the stock is owned by company insiders.

Unity Software Stock Performance

U traded up $1.00 on Friday, reaching $19.91. The company had a trading volume of 26,617,946 shares, compared to its average volume of 11,489,155. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $43.54. The stock has a market capitalization of $7.90 billion, a PE ratio of -8.89 and a beta of 2.25. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.70. The stock has a 50-day moving average price of $16.44 and a 200-day moving average price of $20.33.

Unity Software (NYSE:U - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share for the quarter, beating analysts' consensus estimates of ($0.44) by $0.12. Unity Software had a negative net margin of 38.52% and a negative return on equity of 8.78%. The firm had revenue of $449.30 million during the quarter, compared to analysts' expectations of $438.37 million. During the same period in the previous year, the company earned ($0.26) earnings per share. Unity Software's quarterly revenue was down 15.8% compared to the same quarter last year. As a group, research analysts forecast that Unity Software Inc. will post -1.86 EPS for the current fiscal year.

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.