Axa S.A. Sells 1,450 Shares of Unity Software Inc. (NYSE:U)

Axa S.A. decreased its stake in Unity Software Inc. (NYSE:U) by 6.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,901 shares of the company’s stock after selling 1,450 shares during the period. Axa S.A.’s holdings in Unity Software were worth $372,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of U. Tradewinds Capital Management LLC increased its holdings in Unity Software by 245.6% during the first quarter. Tradewinds Capital Management LLC now owns 985 shares of the company’s stock worth $26,000 after buying an additional 700 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of Unity Software by 2,429.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company’s stock valued at $28,000 after acquiring an additional 996 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Unity Software by 31.6% during the 1st quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock worth $62,000 after purchasing an additional 562 shares during the last quarter. EntryPoint Capital LLC bought a new stake in shares of Unity Software in the 1st quarter valued at about $65,000. Finally, Blue Trust Inc. lifted its stake in Unity Software by 308.8% in the 2nd quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock valued at $51,000 after purchasing an additional 2,359 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on U. Stifel Nicolaus upped their price objective on Unity Software from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Needham & Company LLC dropped their price target on Unity Software from $31.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Macquarie lifted their price objective on shares of Unity Software from $12.00 to $15.00 and gave the stock an “underperform” rating in a research report on Tuesday, September 17th. The Goldman Sachs Group dropped their price objective on shares of Unity Software from $26.00 to $22.50 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $17.00 target price (down previously from $25.00) on shares of Unity Software in a report on Friday, August 9th. Two equities 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $24.21.

Insider Activity

In related news, SVP Anirma Gupta sold 1,506 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $16.73, for a total transaction of $25,195.38. Following the sale, the senior vice president now owns 409,540 shares in the company, valued at approximately $6,851,604.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Felix The sold 30,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $17.89, for a total value of $536,700.00. Following the completion of the transaction, the senior vice president now owns 423,679 shares of the company’s stock, valued at $7,579,617.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Anirma Gupta sold 1,506 shares of Unity Software stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $16.73, for a total transaction of $25,195.38. Following the sale, the senior vice president now directly owns 409,540 shares in the company, valued at $6,851,604.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 283,906 shares of company stock worth $5,753,611. 6.30% of the stock is currently owned by corporate insiders.

Unity Software Stock Down 4.6 %

NYSE U opened at $21.59 on Wednesday. The company has a market cap of $8.57 billion, a price-to-earnings ratio of -9.64 and a beta of 2.25. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $43.54. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.70. The company has a 50 day moving average of $17.61 and a 200-day moving average of $19.79.

Unity Software (NYSE:U) last released its earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.12. The company had revenue of $449.30 million for the quarter, compared to analyst estimates of $438.37 million. Unity Software had a negative return on equity of 8.78% and a negative net margin of 38.52%. Unity Software’s quarterly revenue was down 15.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.26) EPS. On average, equities research analysts expect that Unity Software Inc. will post -1.86 earnings per share for the current fiscal year.

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.