Exchange Traded Concepts LLC Sells 290,235 Shares of Unity Software Inc. (NYSE:U)

Exchange Traded Concepts LLC cut its position in shares of Unity Software Inc. (NYSE:U - Free Report) by 30.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 666,983 shares of the company's stock after selling 290,235 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.17% of Unity Software worth $15,087,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Tradewinds Capital Management LLC raised its stake in Unity Software by 245.6% in the first quarter. Tradewinds Capital Management LLC now owns 985 shares of the company's stock valued at $26,000 after purchasing an additional 700 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in Unity Software by 2,429.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company's stock worth $28,000 after acquiring an additional 996 shares during the period. GAMMA Investing LLC boosted its stake in shares of Unity Software by 343.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,225 shares of the company's stock valued at $28,000 after purchasing an additional 949 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Unity Software by 163.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company's stock worth $36,000 after acquiring an additional 1,389 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in Unity Software by 31.6% during the first quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company's stock valued at $62,000 after buying an additional 562 shares during the period. 73.46% of the stock is owned by institutional investors.

Unity Software Price Performance

U stock traded up $0.74 during trading hours on Friday, hitting $21.62. 8,506,009 shares of the stock traded hands, compared to its average volume of 14,902,962. 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 stock has a 50-day simple moving average of $18.44 and a 200 day simple moving average of $19.52. Unity Software Inc. has a one year low of $13.90 and a one year high of $43.54. The company has a market cap of $8.58 billion, a P/E ratio of -10.55 and a beta of 2.28.

Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.32) EPS 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 company had revenue of $449.30 million during the quarter, compared to analyst estimates of $438.37 million. During the same period in the prior year, the firm earned ($0.26) earnings per share. The business's quarterly revenue was down 15.8% on a year-over-year basis. Equities analysts forecast that Unity Software Inc. will post -1.86 earnings per share for the current year.

Insider Transactions at Unity Software

In other news, SVP Felix The sold 30,000 shares of the company's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $17.89, for a total transaction of $536,700.00. Following the completion of the sale, the senior vice president now owns 423,679 shares in the company, valued at approximately $7,579,617.31. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Felix The sold 30,000 shares of the firm's 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 sale, the senior vice president now owns 423,679 shares in the company, valued at approximately $7,579,617.31. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David Helgason sold 250,000 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the completion of the sale, the director now owns 8,201,851 shares of the company's stock, valued at approximately $168,876,112.09. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 283,906 shares of company stock valued at $5,753,611 in the last three months. Corporate insiders own 6.30% of the company's stock.

Analyst Upgrades and Downgrades

U has been the topic of a number of research reports. Wedbush raised their price objective on shares of Unity Software from $21.00 to $27.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. Stifel Nicolaus raised their target price on shares of Unity Software from $20.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, September 13th. Morgan Stanley upgraded Unity Software from an "equal weight" rating to an "overweight" rating and set a $22.00 target price for the company in a report on Tuesday, September 3rd. 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. Finally, Needham & Company LLC cut their target price on Unity Software from $31.00 to $23.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $24.21.

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.