Motley Fool Asset Management LLC Sells 640 Shares of Unity Software Inc. (NYSE:U)

Motley Fool Asset Management LLC lowered its position in Unity Software Inc. (NYSE:U) by 9.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,159 shares of the company’s stock after selling 640 shares during the period. Motley Fool Asset Management LLC’s holdings in Unity Software were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. State of New Jersey Common Pension Fund D raised its stake in shares of Unity Software by 11.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 146,952 shares of the company’s stock valued at $6,009,000 after purchasing an additional 15,191 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Unity Software in the 4th quarter valued at $27,000. GAMMA Investing LLC acquired a new position in shares of Unity Software in the 4th quarter valued at $28,000. EFG Asset Management Americas Corp. raised its stake in shares of Unity Software by 3.0% in the 4th quarter. EFG Asset Management Americas Corp. now owns 56,678 shares of the company’s stock valued at $2,318,000 after buying an additional 1,649 shares in the last quarter. Finally, abrdn plc lifted its holdings in shares of Unity Software by 133.4% during the 4th quarter. abrdn plc now owns 99,927 shares of the company’s stock worth $4,086,000 after acquiring an additional 57,117 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

Unity Software Trading Up 3.5 %

NYSE:U opened at $24.13 on Friday. The stock’s fifty day moving average price is $26.81 and its two-hundred day moving average price is $30.41. Unity Software Inc. has a 52-week low of $22.20 and a 52-week high of $50.08. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.85.

Unity Software (NYSE:U) last issued its quarterly earnings results on Monday, February 26th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.89). The firm had revenue of $609.27 million for the quarter, compared to analyst estimates of $551.01 million. Unity Software had a negative net margin of 37.64% and a negative return on equity of 10.14%. The company’s revenue was up 35.1% compared to the same quarter last year. During the same period last year, the company earned ($0.50) EPS. On average, research analysts forecast that Unity Software Inc. will post -0.63 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Barclays dropped their price target on shares of Unity Software from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 27th. The Goldman Sachs Group increased their target price on Unity Software from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. Citigroup decreased their price target on Unity Software from $50.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, February 28th. Macquarie lowered Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 price objective for the company. in a research note on Monday, February 12th. Finally, Piper Sandler upgraded shares of Unity Software from an “underweight” rating to a “neutral” rating and reduced their target price for the company from $35.00 to $30.00 in a research note on Tuesday, February 27th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $37.03.

Insider Buying and Selling at Unity Software

In related news, SVP Anirma Gupta sold 756 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $33.07, for a total value of $25,000.92. Following the transaction, the senior vice president now directly owns 396,985 shares in the company, valued at $13,128,293.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CMO Carol W. Carpenter sold 2,000 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $26.58, for a total value of $53,160.00. Following the completion of the sale, the chief marketing officer now directly owns 444,617 shares of the company’s stock, valued at approximately $11,817,919.86. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Anirma Gupta sold 756 shares of Unity Software stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $33.07, for a total transaction of $25,000.92. Following the transaction, the senior vice president now directly owns 396,985 shares in the company, valued at approximately $13,128,293.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 341,723 shares of company stock worth $9,577,516. Company insiders own 9.00% of the company’s stock.

About Unity Software

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.