Unity Software Inc. (NYSE:U) Shares Sold by Cwm LLC

Cwm LLC lessened its position in Unity Software Inc. (NYSE:U) by 3.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 70,285 shares of the company’s stock after selling 2,260 shares during the period. Cwm LLC’s holdings in Unity Software were worth $2,874,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Huntington National Bank increased its holdings in shares of Unity Software by 665.0% in the 3rd quarter. Huntington National Bank now owns 895 shares of the company’s stock valued at $28,000 after purchasing an additional 778 shares in the last quarter. Pacifica Partners Inc. purchased a new position in shares of Unity Software in the 4th quarter valued at about $33,000. Impact Partnership Wealth LLC increased its holdings in Unity Software by 1,151.0% during the 3rd quarter. Impact Partnership Wealth LLC now owns 1,251 shares of the company’s stock valued at $39,000 after acquiring an additional 1,151 shares in the last quarter. Psagot Value Holdings Ltd. Israel purchased a new position in Unity Software during the 3rd quarter valued at about $48,000. Finally, Global Retirement Partners LLC increased its holdings in Unity Software by 112.1% during the 3rd quarter. Global Retirement Partners LLC now owns 1,752 shares of the company’s stock valued at $52,000 after acquiring an additional 926 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Macquarie downgraded shares of Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 target price for the company. in a report on Monday, February 12th. Stifel Nicolaus raised their target price on shares of Unity Software from $32.00 to $35.00 and gave the company a “buy” rating in a report on Friday, March 1st. Citigroup dropped their target price on shares of Unity Software from $50.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, February 28th. Piper Sandler upgraded shares of Unity Software from an “underweight” rating to a “neutral” rating and dropped their target price for the company from $35.00 to $30.00 in a report on Tuesday, February 27th. Finally, William Blair restated an “outperform” rating on shares of Unity Software in a report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Unity Software currently has an average rating of “Hold” and a consensus price target of $37.03.

Unity Software Price Performance

Unity Software stock opened at $23.56 on Thursday. Unity Software Inc. has a 1 year low of $22.20 and a 1 year high of $50.08. The firm has a 50 day moving average price of $27.24 and a 200 day moving average price of $30.50. The company has a market cap of $9.21 billion, a price-to-earnings ratio of -10.91 and a beta of 2.42. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.60 and a current ratio of 2.60.

Unity Software (NYSE:U) last released its earnings results on Monday, February 26th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.89). Unity Software had a negative net margin of 37.64% and a negative return on equity of 10.14%. The company had revenue of $609.27 million during the quarter, compared to analysts’ expectations of $551.01 million. During the same quarter in the previous year, the firm posted ($0.50) earnings per share. Unity Software’s revenue for the quarter was up 35.1% compared to the same quarter last year. Sell-side analysts predict that Unity Software Inc. will post -0.63 earnings per share for the current year.

Insiders Place Their Bets

In other Unity Software news, Director Tomer Bar-Zeev sold 250,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $26.59, for a total transaction of $6,647,500.00. Following the completion of the sale, the director now directly owns 4,498,146 shares in the company, valued at $119,605,702.14. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Unity Software news, SVP Anirma Gupta sold 756 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $33.07, for a total transaction of $25,000.92. Following the completion of the sale, the senior vice president now directly owns 396,985 shares in the company, valued at $13,128,293.95. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Tomer Bar-Zeev sold 250,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $26.59, for a total transaction of $6,647,500.00. Following the completion of the transaction, the director now owns 4,498,146 shares of the company’s stock, valued at $119,605,702.14. The disclosure for this sale can be found here. Insiders sold a total of 341,723 shares of company stock worth $9,577,516 over the last ninety days. 9.00% of the stock is owned by company 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.