Unity Software Inc. (NYSE:U) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lowered its position in Unity Software Inc. (NYSE:U - Free Report) by 18.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 544,401 shares of the company's stock after selling 122,582 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.14% of Unity Software worth $12,233,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position 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 worth $28,000 after acquiring an additional 949 shares in the last quarter. Planning Capital Management Corp purchased a new position in Unity Software in the third quarter valued at approximately $34,000. Northwestern Mutual Wealth Management Co. raised its holdings in Unity Software by 163.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company's stock worth $36,000 after purchasing an additional 1,389 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Unity Software during the third quarter worth approximately $43,000. Finally, Versant Capital Management Inc lifted its position in shares of Unity Software by 186.9% during the 4th quarter. Versant Capital Management Inc now owns 2,812 shares of the company's stock worth $63,000 after buying an additional 1,832 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company's stock.

Insider Activity

In other Unity Software news, Director Shlomo Dovrat sold 3,750 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $17.99, for a total transaction of $67,462.50. Following the transaction, the director now owns 2,394,935 shares of the company's stock, valued at $43,084,880.65. This represents a 0.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction on Friday, November 15th. The shares were sold at an average price of $17.52, for a total value of $4,380,000.00. Following the completion of the sale, the director now directly owns 4,248,146 shares of the company's stock, valued at approximately $74,427,517.92. This represents a 5.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 764,487 shares of company stock worth $17,521,180 over the last ninety days. 6.30% of the stock is currently owned by insiders.

Unity Software Price Performance

NYSE U traded down $0.88 during mid-day trading on Friday, hitting $22.25. The stock had a trading volume of 9,519,242 shares, compared to its average volume of 10,413,711. The company has a 50 day simple moving average of $23.29 and a 200 day simple moving average of $20.23. The company has a market cap of $8.96 billion, a price-to-earnings ratio of -10.91 and a beta of 2.32. Unity Software Inc. has a 52-week low of $13.90 and a 52-week high of $35.56. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.08. The company had revenue of $446.52 million for the quarter, compared to analyst estimates of $428.01 million. Unity Software had a negative return on equity of 11.30% and a negative net margin of 40.47%. During the same quarter in the prior year, the company earned ($0.12) earnings per share. Equities analysts forecast that Unity Software Inc. will post -1.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on U. Wells Fargo & Company assumed coverage on shares of Unity Software in a research note on Monday, October 28th. They issued an "equal weight" rating and a $20.00 price objective for the company. Barclays raised their price target on Unity Software from $16.00 to $18.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th. Oppenheimer reiterated a "market perform" rating on shares of Unity Software in a research note on Friday, October 18th. UBS Group raised their target price on shares of Unity Software from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Wednesday. Finally, Morgan Stanley raised their price objective on shares of Unity Software from $24.00 to $26.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $22.81.

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.