Unity Software Inc. (NYSE:U) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC trimmed its position in shares of Unity Software Inc. (NYSE:U) by 57.8% during the third quarter, Holdings Channel reports. The firm owned 61,749 shares of the company’s stock after selling 84,741 shares during the quarter. Penserra Capital Management LLC’s holdings in Unity Software were worth $1,396,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Magnetar Financial LLC purchased a new stake in shares of Unity Software in the 2nd quarter valued at $2,535,000. CIBC Asset Management Inc grew its position in Unity Software by 2,665.4% in the 3rd quarter. CIBC Asset Management Inc now owns 342,472 shares of the company’s stock valued at $7,747,000 after acquiring an additional 330,088 shares in the last quarter. LMR Partners LLP purchased a new stake in Unity Software during the third quarter worth about $611,000. Price T Rowe Associates Inc. MD lifted its position in shares of Unity Software by 187.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 353,516 shares of the company’s stock worth $9,440,000 after purchasing an additional 230,696 shares in the last quarter. Finally, Creative Planning boosted its stake in shares of Unity Software by 111.7% in the second quarter. Creative Planning now owns 135,195 shares of the company’s stock valued at $2,198,000 after purchasing an additional 71,325 shares during the period. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Unity Software

In other Unity Software news, SVP Felix The sold 30,000 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now owns 423,679 shares in the company, valued at approximately $7,579,617.31. The trade was a 6.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tomer Bar-Zeev sold 250,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $17.52, for a total transaction of $4,380,000.00. Following the transaction, the director now owns 4,248,146 shares in the company, valued at approximately $74,427,517.92. This trade represents a 5.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 554,381 shares of company stock valued at $10,631,723 in the last three months. 6.30% of the stock is currently owned by company insiders.

Unity Software Stock Performance

Shares of U stock opened at $23.37 on Wednesday. The stock’s 50-day moving average is $21.11 and its two-hundred day moving average is $18.61. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $43.54. The firm has a market cap of $9.41 billion, a price-to-earnings ratio of -11.45 and a beta of 2.29.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on U shares. Wedbush increased 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. Wells Fargo & Company initiated coverage on Unity Software in a report on Monday, October 28th. They issued an “equal weight” rating and a $20.00 target price for the company. Macquarie upped their price target on Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a report on Friday, November 8th. Oppenheimer reiterated a “market perform” rating on shares of Unity Software in a research note on Friday, October 18th. Finally, The Goldman Sachs Group cut their target price on shares of Unity Software from $26.00 to $22.50 and set a “neutral” rating on the stock in a research note on Friday, August 9th. 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 company. According to MarketBeat, Unity Software presently has an average rating of “Hold” and a consensus target price of $23.35.

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.