Unity Software Inc. (NYSE:U) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC trimmed its stake in Unity Software Inc. (NYSE:U) by 18.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 544,401 shares of the company’s stock after selling 122,582 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.14% of Unity Software worth $12,233,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of Unity Software by 9.7% during the third quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock valued at $106,008,000 after purchasing an additional 413,474 shares during the period. Dimensional Fund Advisors LP grew its position in Unity Software by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,324,694 shares of the company’s stock valued at $37,806,000 after buying an additional 200,008 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Unity Software by 100.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock valued at $42,662,000 after buying an additional 944,709 shares during the period. Primecap Management Co. CA raised its position in shares of Unity Software by 7.1% during the 3rd quarter. Primecap Management Co. CA now owns 811,994 shares of the company’s stock worth $18,367,000 after buying an additional 53,541 shares in the last quarter. Finally, Erste Asset Management GmbH acquired a new stake in shares of Unity Software in the 3rd quarter worth approximately $12,317,000. 73.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on U. Macquarie upped their price target on shares of Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a report on Friday, November 8th. Jefferies Financial Group increased their target price on shares of Unity Software from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Benchmark lifted their price target on shares of Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a research report on Friday, November 8th. Needham & Company LLC increased their price objective on Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Barclays lifted their target price on Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $22.81.

Insider Buying and Selling at Unity Software

In related news, CAO Mark Barrysmith sold 1,362 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $21.91, for a total transaction of $29,841.42. Following the sale, the chief accounting officer now directly owns 452,276 shares in the company, valued at $9,909,367.16. This represents a 0.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tomer Bar-Zeev sold 250,000 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $17.52, for a total value of $4,380,000.00. Following the completion of the transaction, the director now directly owns 4,248,146 shares in the company, valued at approximately $74,427,517.92. This represents a 5.56 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 764,487 shares of company stock valued at $17,521,180. 6.30% of the stock is currently owned by company insiders.

Unity Software Stock Performance

Shares of U opened at $23.00 on Friday. The company has a market capitalization of $9.27 billion, a PE ratio of -11.29 and a beta of 2.32. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. Unity Software Inc. has a one year low of $13.90 and a one year high of $35.56. The company’s fifty day moving average price is $23.29 and its 200 day moving average price is $20.23.

Unity Software (NYSE:U) last released its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.08. Unity Software had a negative return on equity of 11.30% and a negative net margin of 40.47%. The business had revenue of $446.52 million for the quarter, compared to the consensus estimate of $428.01 million. During the same period last year, the business earned ($0.12) earnings per share. As a group, analysts expect that Unity Software Inc. will post -1.72 earnings per share for the current year.

Unity Software Company 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.