U.S. Capital Wealth Advisors LLC Sells 15,992 Shares of Unity Software Inc. $U

U.S. Capital Wealth Advisors LLC trimmed its holdings in Unity Software Inc. (NYSE:U) by 47.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,386 shares of the company’s stock after selling 15,992 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Unity Software were worth $696,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Unity Software in the second quarter valued at $151,221,000. Atreides Management LP boosted its stake in Unity Software by 146.7% in the 1st quarter. Atreides Management LP now owns 9,430,955 shares of the company’s stock worth $184,752,000 after purchasing an additional 5,607,572 shares during the period. Slate Path Capital LP grew its holdings in Unity Software by 25.4% during the 2nd quarter. Slate Path Capital LP now owns 20,016,952 shares of the company’s stock valued at $484,410,000 after buying an additional 4,048,484 shares in the last quarter. Duquesne Family Office LLC bought a new stake in shares of Unity Software during the second quarter valued at about $42,932,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Unity Software by 89.7% in the first quarter. Ameriprise Financial Inc. now owns 3,357,530 shares of the company’s stock worth $65,778,000 after buying an additional 1,587,582 shares in the last quarter. 73.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Unity Software in a research note on Wednesday, October 22nd. They set a “hold” rating and a $39.00 price objective for the company. Macquarie upgraded shares of Unity Software from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $33.00 to $50.00 in a research report on Friday, November 7th. Piper Sandler upgraded Unity Software from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $43.00 to $59.00 in a research report on Thursday, December 11th. Needham & Company LLC lifted their price objective on Unity Software from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Finally, Wall Street Zen upgraded Unity Software from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Unity Software presently has a consensus rating of “Moderate Buy” and an average target price of $43.04.

Unity Software Stock Down 2.3%

U opened at $45.17 on Wednesday. The business’s fifty day simple moving average is $41.03 and its 200 day simple moving average is $36.97. Unity Software Inc. has a 52 week low of $15.33 and a 52 week high of $52.15. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 0.70. The stock has a market cap of $19.33 billion, a PE ratio of -43.02 and a beta of 2.04.

Unity Software (NYSE:U) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The firm had revenue of $470.62 million during the quarter, compared to analysts’ expectations of $452.87 million. Unity Software had a negative return on equity of 9.45% and a negative net margin of 24.15%.The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.31) EPS. As a group, research analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Unity Software news, COO Alexander Blum sold 1,988 shares of Unity Software stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $42.47, for a total transaction of $84,430.36. Following the transaction, the chief operating officer directly owned 561,130 shares of the company’s stock, valued at approximately $23,831,191.10. This trade represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jarrod Yahes sold 27,742 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $42.79, for a total transaction of $1,187,080.18. Following the completion of the sale, the chief financial officer owned 546,129 shares of the company’s stock, valued at approximately $23,368,859.91. The trade was a 4.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,901,471 shares of company stock valued at $85,264,529 over the last 90 days. Company insiders own 3.61% of the company’s stock.

Unity Software Profile

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.