Unity Software Inc. (NYSE:U) Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. cut its stake in Unity Software Inc. (NYSE:U) by 43.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,347 shares of the company’s stock after selling 1,048 shares during the period. First Horizon Advisors Inc.’s holdings in Unity Software were worth $30,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Magnetar Financial LLC bought a new stake in shares of Unity Software in the 2nd quarter valued at approximately $2,535,000. CIBC Asset Management Inc increased its stake in Unity Software by 2,665.4% during the third quarter. CIBC Asset Management Inc now owns 342,472 shares of the company’s stock valued at $7,747,000 after purchasing an additional 330,088 shares during the last quarter. LMR Partners LLP acquired a new stake in shares of Unity Software during the third quarter worth $611,000. Price T Rowe Associates Inc. MD lifted its position in shares of Unity Software by 187.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 353,516 shares of the company’s stock worth $9,440,000 after buying an additional 230,696 shares during the last quarter. Finally, Creative Planning boosted its holdings in shares of Unity Software by 111.7% in the 2nd quarter. Creative Planning now owns 135,195 shares of the company’s stock valued at $2,198,000 after buying an additional 71,325 shares during the period. 73.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Wedbush raised their target price on shares of Unity Software from $21.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. JMP Securities restated a “market perform” rating on shares of Unity Software in a research report on Friday, September 13th. Piper Sandler reaffirmed a “neutral” rating and issued a $17.00 target price (down from $25.00) on shares of Unity Software in a research report on Friday, August 9th. Needham & Company LLC upped their price target on shares of Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Morgan Stanley upgraded shares of Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective on the stock in a research report on Tuesday, September 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Unity Software presently has an average rating of “Hold” and an average target price of $23.35.

Insider Activity

In other news, Director David Helgason sold 250,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the completion of the sale, the director now owns 8,201,851 shares in the company, valued at approximately $168,876,112.09. This represents a 2.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Felix The sold 30,000 shares of Unity Software stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $17.89, for a total value of $536,700.00. Following the completion of the transaction, the senior vice president now owns 423,679 shares in the company, valued at $7,579,617.31. The trade was a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 554,381 shares of company stock worth $10,631,723. 6.30% of the stock is owned by company insiders.

Unity Software Price Performance

NYSE U opened at $24.01 on Tuesday. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $43.54. The firm has a market capitalization of $9.67 billion, a PE ratio of -11.77 and a beta of 2.29. The company’s 50 day simple moving average is $21.06 and its 200 day simple moving average is $18.59. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41.

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.