Unity Software Inc. (NYSE:U) Shares Sold by Strs Ohio

Strs Ohio lowered its stake in Unity Software Inc. (NYSE:U) by 27.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,506 shares of the company’s stock after selling 5,811 shares during the period. Strs Ohio’s holdings in Unity Software were worth $634,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Unity Software by 14.7% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,131,625 shares of the company’s stock valued at $373,392,000 after buying an additional 1,170,058 shares in the last quarter. Executive Wealth Management LLC increased its holdings in shares of Unity Software by 30.7% in the fourth quarter. Executive Wealth Management LLC now owns 45,937 shares of the company’s stock valued at $1,878,000 after buying an additional 10,783 shares in the last quarter. B.O.S.S. Retirement Advisors LLC raised its stake in Unity Software by 31.0% during the 4th quarter. B.O.S.S. Retirement Advisors LLC now owns 22,975 shares of the company’s stock valued at $939,000 after purchasing an additional 5,438 shares during the period. International Assets Investment Management LLC raised its stake in Unity Software by 2,887.0% during the 4th quarter. International Assets Investment Management LLC now owns 47,882 shares of the company’s stock valued at $1,958,000 after purchasing an additional 46,279 shares during the period. Finally, LA Financiere DE L Echiquier raised its stake in Unity Software by 25.3% during the 4th quarter. LA Financiere DE L Echiquier now owns 399,600 shares of the company’s stock valued at $16,340,000 after purchasing an additional 80,600 shares during the period. Institutional investors own 73.46% of the company’s stock.

Analysts Set New Price Targets

U has been the topic of several recent analyst reports. Barclays cut their target price on shares of Unity Software from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 27th. Piper Sandler raised shares of Unity Software from an “underweight” rating to a “neutral” rating and cut their target price for the company from $35.00 to $30.00 in a research note on Tuesday, February 27th. William Blair reissued an “outperform” rating on shares of Unity Software in a research note on Tuesday, January 9th. The Goldman Sachs Group boosted their target price on shares of Unity Software from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Tuesday, January 9th. Finally, Macquarie downgraded shares of Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 price target on the stock. in a research note on Monday, February 12th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $37.03.

Unity Software Stock Up 3.5 %

Shares of U opened at $24.13 on Friday. The company has a 50-day simple moving average of $26.81 and a 200-day simple moving average of $30.41. The firm has a market capitalization of $9.43 billion, a P/E ratio of -11.17 and a beta of 2.42. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.60 and a current ratio of 2.60. Unity Software Inc. has a 52 week low of $22.20 and a 52 week high of $50.08.

Unity Software (NYSE:U) last announced its quarterly earnings data on Monday, February 26th. The company reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.89). The company 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 firm’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.50) EPS. On average, equities research analysts expect that Unity Software Inc. will post -0.63 earnings per share for the current year.

Insider Activity

In related news, CEO James M. Whitehurst sold 44,091 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $32.56, for a total value of $1,435,602.96. Following the completion of the transaction, the chief executive officer now owns 155,909 shares of the company’s stock, valued at $5,076,397.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO James M. Whitehurst sold 44,091 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $32.56, for a total value of $1,435,602.96. Following the completion of the transaction, the chief executive officer now owns 155,909 shares of the company’s stock, valued at $5,076,397.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Carol W. Carpenter sold 2,000 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $26.58, for a total transaction of $53,160.00. Following the completion of the transaction, the chief marketing officer now directly owns 444,617 shares of the company’s stock, valued at approximately $11,817,919.86. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 341,723 shares of company stock valued at $9,577,516. Insiders own 9.00% of the company’s stock.

Unity Software Profile

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.