Unity Software Inc. (NYSE:U) Shares Sold by Financial Perspectives Inc

Financial Perspectives Inc decreased its holdings in Unity Software Inc. (NYSE:U) by 79.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,166 shares of the company’s stock after selling 4,471 shares during the period. Financial Perspectives Inc’s holdings in Unity Software were worth $26,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of U. R Squared Ltd purchased a new stake in shares of Unity Software during the fourth quarter worth approximately $30,000. Principal Securities Inc. grew its holdings in Unity Software by 50.5% during the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after acquiring an additional 477 shares in the last quarter. Planning Capital Management Corp purchased a new stake in shares of Unity Software in the 3rd quarter valued at approximately $34,000. GAMMA Investing LLC raised its holdings in shares of Unity Software by 33.6% in the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock valued at $37,000 after purchasing an additional 411 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Unity Software during the 3rd quarter worth $43,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Unity Software Stock Performance

Shares of U stock opened at $21.48 on Thursday. The stock’s 50-day moving average price is $22.42 and its 200 day moving average price is $20.94. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $8.65 billion, a PE ratio of -10.53 and a beta of 2.32. Unity Software Inc. has a 52-week low of $13.90 and a 52-week high of $33.43.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. 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 on the stock. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a report on Monday, February 3rd. Barclays boosted their target price on Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Macquarie increased their price target on shares of Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a research note on Friday, November 8th. Finally, Wedbush reissued an “outperform” rating and set a $27.00 price objective on shares of Unity Software in a report on Thursday, February 13th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $22.81.

Insider Buying and Selling at Unity Software

In other news, Director Tomer Bar-Zeev sold 166,667 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $20.99, for a total value of $3,498,340.33. Following the completion of the sale, the director now owns 3,481,479 shares in the company, valued at approximately $73,076,244.21. This trade represents a 4.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark Barrysmith sold 1,228 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $24.44, for a total transaction of $30,012.32. Following the transaction, the chief financial officer now owns 453,638 shares in the company, valued at approximately $11,086,912.72. This trade represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 679,264 shares of company stock worth $16,612,383. 6.30% of the stock is currently owned by insiders.

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.