Unity Software Inc. (NYSE:U) Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC boosted its position in shares of Unity Software Inc. (NYSE:U) by 31.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,158 shares of the company’s stock after buying an additional 1,235 shares during the period. Venturi Wealth Management LLC’s holdings in Unity Software were worth $116,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in Unity Software during the fourth quarter worth approximately $30,000. Principal Securities Inc. increased its holdings in shares of Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after purchasing an additional 477 shares during the period. Planning Capital Management Corp acquired a new position in shares of Unity Software in the third quarter valued at approximately $34,000. GAMMA Investing LLC increased its holdings in shares of Unity Software by 33.6% in the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock valued at $37,000 after purchasing an additional 411 shares during the period. Finally, Brooklyn Investment Group acquired a new position in shares of Unity Software in the third quarter valued at approximately $43,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Unity Software Stock Up 1.1 %

U opened at $28.31 on Friday. The business’s fifty day moving average is $22.53 and its two-hundred day moving average is $21.13. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The company has a market cap of $11.41 billion, a price-to-earnings ratio of -16.85 and a beta of 2.32. Unity Software Inc. has a one year low of $13.90 and a one year high of $33.43.

Unity Software (NYSE:U) last posted its earnings results on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.05. The company had revenue of $457.10 million for the quarter, compared to the consensus estimate of $433.47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. Analysts anticipate that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on U shares. Wedbush reissued an “outperform” rating and issued a $27.00 target price on shares of Unity Software in a report on Thursday, February 13th. Morgan Stanley boosted their target price on Unity Software from $26.00 to $32.00 and gave the company an “overweight” rating in a report on Friday. Barclays boosted their target price on Unity Software from $18.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday. Macquarie boosted their target price on Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a report on Friday, November 8th. Finally, JMP Securities reissued a “market perform” rating on shares of Unity Software in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $25.96.

Insiders Place Their Bets

In related news, SVP Felix The sold 20,000 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $27.43, for a total transaction of $548,600.00. Following the sale, the senior vice president now owns 391,960 shares of the company’s stock, valued at $10,751,462.80. This trade represents a 4.85 % decrease in their ownership of the stock. 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 83,333 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $25.44, for a total value of $2,119,991.52. Following the sale, the director now directly owns 3,398,146 shares in the company, valued at approximately $86,448,834.24. The trade was a 2.39 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 762,597 shares of company stock worth $18,732,374. 6.30% of the stock is owned by corporate 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.