Unity Software Inc. (NYSE:U) Shares Sold by Blair William & Co. IL

Blair William & Co. IL decreased its holdings in shares of Unity Software Inc. (NYSE:U - Free Report) by 33.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 139,899 shares of the company's stock after selling 69,410 shares during the quarter. Blair William & Co. IL's holdings in Unity Software were worth $2,275,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in U. Capital Research Global Investors raised its position in Unity Software by 510.2% in the 4th quarter. Capital Research Global Investors now owns 7,181,661 shares of the company's stock valued at $293,658,000 after purchasing an additional 6,004,655 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Unity Software by 26.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 35,336 shares of the company's stock worth $1,445,000 after acquiring an additional 7,484 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Unity Software during the first quarter worth approximately $3,878,000. Seldon Capital LP acquired a new stake in shares of Unity Software during the fourth quarter worth $7,576,000. Finally, Vanguard Group Inc. grew its position in Unity Software by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 26,336,775 shares of the company's stock valued at $703,192,000 after buying an additional 208,566 shares during the last quarter. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

U has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their price objective on Unity Software from $20.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, September 13th. Morgan Stanley raised shares of Unity Software from an "equal weight" rating to an "overweight" rating and set a $22.00 price target on the stock in a research note on Tuesday, September 3rd. Needham & Company LLC reduced their price objective on shares of Unity Software from $31.00 to $23.00 and set a "buy" rating for the company in a research note on Friday, August 9th. The Goldman Sachs Group lowered their target price on shares of Unity Software from $26.00 to $22.50 and set a "neutral" rating on the stock in a research report on Friday, August 9th. Finally, Piper Sandler reiterated a "neutral" rating and set a $17.00 price target (down from $25.00) on shares of Unity Software in a research report on Friday, August 9th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Unity Software presently has a consensus rating of "Hold" and a consensus target price of $27.46.

Insiders Place Their Bets

In other Unity Software news, SVP Anirma Gupta sold 1,506 shares of Unity Software stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $16.73, for a total value of $25,195.38. Following the completion of the sale, the senior vice president now owns 409,540 shares in the company, valued at approximately $6,851,604.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Unity Software news, SVP Anirma Gupta sold 1,506 shares of Unity Software stock in a transaction on Monday, July 29th. The shares were sold at an average price of $16.73, for a total value of $25,195.38. Following the transaction, the senior vice president now owns 409,540 shares in the company, valued at approximately $6,851,604.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David Helgason sold 250,000 shares of the company's stock in a transaction 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 owns 8,201,851 shares of the company's stock, valued at $168,876,112.09. The disclosure for this sale can be found here. Insiders have sold a total of 283,906 shares of company stock valued at $5,753,611 in the last quarter. 6.30% of the stock is currently owned by company insiders.

Unity Software Price Performance

Shares of NYSE:U traded up $0.60 on Monday, hitting $21.41. The company had a trading volume of 15,892,325 shares, compared to its average volume of 10,372,148. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.70. The company has a market cap of $8.37 billion, a PE ratio of -9.22 and a beta of 2.25. Unity Software Inc. has a 52-week low of $13.90 and a 52-week high of $43.54. The business has a 50 day moving average of $16.87 and a 200 day moving average of $20.05.

Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $449.30 million during the quarter, compared to analyst estimates of $438.37 million. Unity Software had a negative net margin of 38.52% and a negative return on equity of 8.78%. The company's revenue was down 15.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.26) earnings per share. As a group, equities analysts anticipate that Unity Software Inc. will post -1.86 earnings per share for the current fiscal year.

About Unity Software

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.