Unity Software Inc. (NYSE:U) Shares Sold by AlpInvest Partners B.V.

AlpInvest Partners B.V. lowered its position in shares of Unity Software Inc. (NYSE:U - Free Report) by 55.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,774 shares of the company's stock after selling 81,508 shares during the period. Unity Software comprises approximately 0.4% of AlpInvest Partners B.V.'s holdings, making the stock its 14th largest holding. AlpInvest Partners B.V.'s holdings in Unity Software were worth $1,069,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Unity Software by 0.8% in the first quarter. Vanguard Group Inc. now owns 26,336,775 shares of the company's stock worth $703,192,000 after buying an additional 208,566 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Unity Software by 30.4% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,509 shares of the company's stock valued at $317,984,000 after acquiring an additional 2,777,884 shares during the period. Nikko Asset Management Americas Inc. raised its position in shares of Unity Software by 32.6% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 11,326,547 shares of the company's stock worth $302,419,000 after acquiring an additional 2,787,058 shares in the last quarter. Norges Bank purchased a new stake in shares of Unity Software during the 4th quarter worth $379,180,000. Finally, Capital Research Global Investors boosted its position in Unity Software by 18.7% during the first quarter. Capital Research Global Investors now owns 8,524,448 shares of the company's stock valued at $227,603,000 after purchasing an additional 1,342,787 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors.

Unity Software Stock Performance

U stock traded up $0.39 during trading on Monday, hitting $20.30. 21,589,762 shares of the company traded hands, compared to its average volume of 10,235,809. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.36 and a quick ratio of 2.36. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $43.54. The stock's 50-day simple moving average is $16.44 and its 200 day simple moving average is $20.26. The company has a market cap of $8.06 billion, a PE ratio of -8.84 and a beta of 2.25.

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 (EPS) for the quarter, topping analysts' consensus estimates of ($0.44) by $0.12. The firm had revenue of $449.30 million for the quarter, compared to the consensus estimate of $438.37 million. Unity Software had a negative net margin of 38.52% and a negative return on equity of 8.78%. The firm's quarterly revenue was down 15.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.26) earnings per share. On average, equities analysts expect that Unity Software Inc. will post -1.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on U shares. Wedbush increased their price target on shares of Unity Software from $21.00 to $27.00 and gave the company an "outperform" rating in a research report on Monday. The Goldman Sachs Group lowered their target price on shares of Unity Software from $26.00 to $22.50 and set a "neutral" rating for the company in a research note on Friday, August 9th. Macquarie reduced their price target on Unity Software from $14.00 to $12.00 and set an "underperform" rating on the stock in a research report on Friday, August 9th. Stifel Nicolaus raised their price objective on Unity Software from $20.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Unity Software in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Unity Software has an average rating of "Hold" and an average target price of $27.25.

Insider Transactions at Unity Software

In other Unity Software news, Director David Helgason sold 250,000 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $20.59, for a total value of $5,147,500.00. Following the sale, the director now directly owns 8,201,851 shares of the company's stock, valued at $168,876,112.09. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Unity Software news, SVP Anirma Gupta sold 1,506 shares of the business's stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $16.73, for a total transaction of $25,195.38. Following the completion of the sale, the senior vice president now directly owns 409,540 shares in the company, valued at approximately $6,851,604.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director David Helgason sold 250,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $20.59, for a total value of $5,147,500.00. Following the transaction, the director now directly owns 8,201,851 shares of the company's stock, valued at approximately $168,876,112.09. The disclosure for this sale can be found here. Insiders have sold a total of 285,472 shares of company stock valued at $5,775,071 in the last ninety days. 6.30% of the stock is currently owned by corporate insiders.

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.