Penserra Capital Management LLC Cuts Stake in Unity Software Inc. $U

Penserra Capital Management LLC decreased its holdings in Unity Software Inc. (NYSE:U) by 10.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,940 shares of the company’s stock after selling 4,845 shares during the period. Penserra Capital Management LLC’s holdings in Unity Software were worth $966,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Resona Asset Management Co. Ltd. grew its stake in shares of Unity Software by 11.1% during the second quarter. Resona Asset Management Co. Ltd. now owns 5,116 shares of the company’s stock valued at $124,000 after buying an additional 510 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in Unity Software during the 2nd quarter valued at about $28,000. Moors & Cabot Inc. grew its position in Unity Software by 21.3% during the 2nd quarter. Moors & Cabot Inc. now owns 61,095 shares of the company’s stock worth $1,478,000 after acquiring an additional 10,725 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Unity Software by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 1,275,663 shares of the company’s stock worth $30,871,000 after buying an additional 20,142 shares during the period. Finally, Strs Ohio bought a new stake in Unity Software during the 2nd quarter valued at $1,264,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Insider Buying and Selling

In other news, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $37.98, for a total value of $9,495,000.00. Following the sale, the director owned 1,298,146 shares in the company, valued at $49,303,585.08. This trade represents a 16.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jarrod Yahes sold 14,914 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $42.75, for a total value of $637,573.50. Following the sale, the chief financial officer owned 608,590 shares of the company’s stock, valued at $26,017,222.50. The trade was a 2.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 2,414,283 shares of company stock valued at $102,509,802 in the last 90 days. Corporate insiders own 3.61% of the company’s stock.

Unity Software Stock Performance

Shares of Unity Software stock opened at $41.44 on Wednesday. Unity Software Inc. has a 52 week low of $15.33 and a 52 week high of $46.94. The company has a market capitalization of $17.73 billion, a PE ratio of -39.47 and a beta of 2.37. The stock’s fifty day moving average is $40.12 and its two-hundred day moving average is $32.59. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U) last released its earnings results on Wednesday, November 5th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. Unity Software had a negative net margin of 24.15% and a negative return on equity of 9.45%. The company had revenue of $470.62 million during the quarter, compared to analysts’ expectations of $452.87 million. During the same period last year, the business earned ($0.31) EPS. Unity Software’s revenue for the quarter was up 5.4% on a year-over-year basis. Unity Software has set its Q4 2025 guidance at EPS. As a group, analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on U shares. Wedbush boosted their price objective on shares of Unity Software from $42.00 to $50.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Needham & Company LLC lifted their price objective on Unity Software from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. BTIG Research upgraded Unity Software from a “sell” rating to a “neutral” rating in a report on Friday, October 31st. Wall Street Zen lowered shares of Unity Software from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Morgan Stanley raised their price objective on Unity Software from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Unity Software currently has a consensus rating of “Hold” and a consensus target price of $38.52.

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.