Unity Software Inc. $U Shares Sold by Capital Research Global Investors

Capital Research Global Investors lowered its stake in shares of Unity Software Inc. (NYSE:U) by 0.6% during the third quarter, Holdings Channel reports. The firm owned 14,044,619 shares of the company’s stock after selling 88,695 shares during the period. Capital Research Global Investors’ holdings in Unity Software were worth $562,368,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in shares of Unity Software by 10.8% during the third quarter. GAMMA Investing LLC now owns 2,967 shares of the company’s stock worth $119,000 after purchasing an additional 288 shares during the last quarter. Xponance Inc. grew its stake in Unity Software by 1.8% during the 3rd quarter. Xponance Inc. now owns 18,291 shares of the company’s stock worth $732,000 after buying an additional 328 shares during the last quarter. Allworth Financial LP increased its position in Unity Software by 28.4% during the second quarter. Allworth Financial LP now owns 1,865 shares of the company’s stock worth $45,000 after buying an additional 412 shares during the period. Captrust Financial Advisors lifted its stake in Unity Software by 2.1% in the second quarter. Captrust Financial Advisors now owns 22,330 shares of the company’s stock valued at $540,000 after buying an additional 462 shares during the last quarter. Finally, Stephens Inc. AR boosted its holdings in shares of Unity Software by 4.1% in the third quarter. Stephens Inc. AR now owns 11,826 shares of the company’s stock valued at $474,000 after acquiring an additional 471 shares during the period. 73.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Unity Software

In other news, CFO Jarrod Yahes sold 12,196 shares of Unity Software stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $18.07, for a total transaction of $220,381.72. Following the sale, the chief financial officer directly owned 533,933 shares of the company’s stock, valued at approximately $9,648,169.31. The trade was a 2.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Helgason sold 393,312 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $49.64, for a total transaction of $19,524,007.68. Following the transaction, the director owned 5,439,173 shares in the company, valued at $270,000,547.72. This trade represents a 6.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 618,343 shares of company stock valued at $29,413,946 in the last three months. 3.61% of the stock is owned by company insiders.

Unity Software Stock Down 2.8%

Unity Software stock opened at $20.66 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.84 and a current ratio of 1.84. The stock’s fifty day moving average is $30.98 and its two-hundred day moving average is $37.72. Unity Software Inc. has a fifty-two week low of $15.33 and a fifty-two week high of $52.15. The firm has a market capitalization of $8.94 billion, a price-to-earnings ratio of -21.52, a price-to-earnings-growth ratio of 11.40 and a beta of 2.14.

Unity Software (NYSE:U) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. Unity Software had a negative return on equity of 4.76% and a negative net margin of 21.77%.The firm had revenue of $503.09 million during the quarter, compared to analysts’ expectations of $490.64 million. During the same quarter last year, the business posted ($0.30) EPS. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. Analysts predict that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wall Street Zen downgraded shares of Unity Software from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Citigroup dropped their price objective on shares of Unity Software from $52.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Citizens Jmp reduced their target price on shares of Unity Software from $50.00 to $37.00 and set a “market outperform” rating for the company in a report on Thursday, February 12th. UBS Group lowered their price target on Unity Software from $46.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, February 10th. Finally, Wedbush reduced their price objective on Unity Software from $37.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $39.73.

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.