Resolute Advisors LLC Sells 87,827 Shares of Unity Software Inc. (NYSE:U)

Resolute Advisors LLC lessened its stake in Unity Software Inc. (NYSE:U - Free Report) by 0.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,155,377 shares of the company's stock after selling 87,827 shares during the quarter. Unity Software comprises about 65.7% of Resolute Advisors LLC's holdings, making the stock its largest holding. Resolute Advisors LLC owned 3.57% of Unity Software worth $320,195,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in U. GAMMA Investing LLC boosted its holdings in Unity Software by 343.8% in 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 during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Unity Software by 163.0% in the second 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 during the period. Blue Trust Inc. grew its position in Unity Software by 308.8% in the second quarter. Blue Trust Inc. now owns 3,123 shares of the company's stock worth $51,000 after acquiring an additional 2,359 shares during the period. Advisors Asset Management Inc. increased its stake in Unity Software by 31.6% during the first quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company's stock worth $62,000 after acquiring an additional 562 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in Unity Software in the first quarter valued at $65,000. Hedge funds and other institutional investors own 73.46% of the company's stock.

Unity Software Stock Performance

NYSE:U traded down $1.71 during trading hours on Friday, reaching $20.50. 24,571,434 shares of the company's stock were exchanged, compared to its average volume of 10,404,142. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $43.54. The firm has a market capitalization of $8.14 billion, a price-to-earnings ratio of -10.00 and a beta of 2.29. The company has a 50-day moving average of $20.42 and a 200 day moving average of $18.97. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.70.

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

Analysts Set New Price Targets

A number of brokerages have weighed in on U. Benchmark lifted their price target on shares of Unity Software from $10.00 to $15.00 and gave the company a "sell" rating in a research report on Friday. Wells Fargo & Company assumed coverage on Unity Software in a report on Monday, October 28th. They issued an "equal weight" rating and a $20.00 price objective on the stock. Stifel Nicolaus raised their target price on Unity Software from $20.00 to $25.00 and gave the company a "buy" rating in a report on Friday, September 13th. Barclays boosted their price target on shares of Unity Software from $16.00 to $18.00 and gave the stock an "equal weight" rating in a research note on Friday. Finally, The Goldman Sachs Group lowered their price objective 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. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Unity Software presently has an average rating of "Hold" and an average target price of $23.35.

Insider Activity

In other Unity Software news, SVP Felix The sold 30,000 shares of the company's stock in a transaction on Thursday, September 12th. The stock was 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 of the company's stock, valued at approximately $7,579,617.31. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Felix The sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $17.89, for a total transaction of $536,700.00. Following the completion of the transaction, the senior vice president now directly owns 423,679 shares of the company's stock, valued at $7,579,617.31. This trade represents a 0.00 % decrease in their position. 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 company's 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 completion of the sale, the director now directly owns 8,201,851 shares in the company, 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 281,600 shares of company stock worth $5,714,000 in the last 90 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.