Cerity Partners LLC Sells 18,124 Shares of Unity Software Inc. (NYSE:U)

Cerity Partners LLC trimmed its holdings in Unity Software Inc. (NYSE:U) by 23.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 60,354 shares of the company’s stock after selling 18,124 shares during the quarter. Cerity Partners LLC’s holdings in Unity Software were worth $1,357,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. R Squared Ltd purchased a new stake in Unity Software in the fourth quarter worth $30,000. Principal Securities Inc. boosted its holdings in shares of Unity Software by 50.5% during the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after buying an additional 477 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Unity Software by 33.6% in the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock worth $37,000 after buying an additional 411 shares during the period. Whipplewood Advisors LLC bought a new position in shares of Unity Software in the 4th quarter worth about $40,000. Finally, Jones Financial Companies Lllp boosted its stake in Unity Software by 144.8% during the fourth quarter. Jones Financial Companies Lllp now owns 1,902 shares of the company’s stock worth $43,000 after acquiring an additional 1,125 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Insider Activity at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 166,667 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $20.99, for a total value of $3,498,340.33. Following the sale, the director now owns 3,481,479 shares in the company, valued at $73,076,244.21. This trade represents a 4.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Mark Barrysmith sold 1,445 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $20.61, for a total transaction of $29,781.45. Following the completion of the transaction, the chief accounting officer now owns 483,417 shares in the company, valued at approximately $9,963,224.37. The trade was a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 780,636 shares of company stock worth $17,904,132. Insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on U shares. JMP Securities restated a “market perform” rating on shares of Unity Software in a research note on Monday, February 3rd. Jefferies Financial Group lowered their price objective on shares of Unity Software from $24.00 to $16.00 and set a “hold” rating on the stock in a research report on Monday, April 7th. Benchmark upgraded shares of Unity Software from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. Wedbush restated an “outperform” rating and issued a $27.00 price target on shares of Unity Software in a research note on Thursday, February 13th. Finally, Morgan Stanley reduced their price objective on Unity Software from $32.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Unity Software has a consensus rating of “Moderate Buy” and an average target price of $23.96.

Unity Software Stock Performance

Shares of NYSE U opened at $19.20 on Friday. The stock has a market cap of $7.86 billion, a PE ratio of -11.43 and a beta of 2.31. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The firm has a fifty day moving average price of $21.54 and a 200-day moving average price of $22.03. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $30.88.

Unity Software (NYSE:U) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.05. The business had revenue of $457.10 million for the quarter, compared to the consensus estimate of $433.47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. Equities analysts anticipate that Unity Software Inc. will post -1.25 earnings per share for the current fiscal 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.