Vestmark Advisory Solutions Inc. Sells 81,774 Shares of Unity Software Inc. (NYSE:U)

Vestmark Advisory Solutions Inc. lessened its holdings in Unity Software Inc. (NYSE:U - Free Report) by 48.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,426 shares of the company's stock after selling 81,774 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Unity Software were worth $1,964,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of U. R Squared Ltd purchased a new position in Unity Software in the fourth quarter worth $30,000. Principal Securities Inc. grew its position in Unity Software by 50.5% during the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock valued at $32,000 after buying an additional 477 shares during the period. Planning Capital Management Corp purchased a new stake in Unity Software during the third quarter worth about $34,000. GAMMA Investing LLC boosted its stake in Unity Software by 33.6% in the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company's stock valued at $37,000 after acquiring an additional 411 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new position in shares of Unity Software during the 4th quarter valued at approximately $40,000. 73.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on U. Jefferies Financial Group lifted their price target on shares of Unity Software from $23.00 to $28.00 and gave the stock a "hold" rating in a report on Friday, February 21st. Needham & Company LLC upped their price target on Unity Software from $26.00 to $33.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Citigroup raised Unity Software from a "neutral" rating to a "buy" rating and set a $30.00 price objective for the company in a report on Tuesday. Hsbc Global Res upgraded Unity Software to a "strong-buy" rating in a research note on Friday, February 21st. Finally, UBS Group increased 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, January 22nd. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $25.61.

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Insider Transactions at Unity Software

In other news, CAO Mark Barrysmith sold 1,362 shares of the firm's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $21.91, for a total transaction of $29,841.42. Following the transaction, the chief accounting officer now directly owns 452,276 shares of the company's stock, valued at approximately $9,909,367.16. This trade represents a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tomer Bar-Zeev sold 250,000 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $25.02, for a total value of $6,255,000.00. Following the transaction, the director now owns 3,648,146 shares in the company, valued at approximately $91,276,612.92. The trade was a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 864,537 shares of company stock valued at $20,839,722. Insiders own 6.30% of the company's stock.

Unity Software Price Performance

Unity Software stock traded down $0.53 during midday trading on Tuesday, hitting $20.99. 14,252,924 shares of the company's stock were exchanged, compared to its average volume of 12,853,778. The company has a market cap of $8.60 billion, a P/E ratio of -12.49 and a beta of 2.27. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The stock has a 50-day moving average price of $22.93 and a two-hundred day moving average price of $21.86. Unity Software Inc. has a 52-week low of $13.90 and a 52-week high of $30.88.

Unity Software (NYSE:U - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.05. The company had revenue of $457.10 million during the quarter, compared to analyst estimates of $433.47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. On average, equities research analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current year.

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.