KBC Group NV Reduces Position in Unity Software Inc. (NYSE:U)

KBC Group NV trimmed its position in shares of Unity Software Inc. (NYSE:U) by 18.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,003 shares of the company’s stock after selling 2,650 shares during the period. KBC Group NV’s holdings in Unity Software were worth $270,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of U. GAMMA Investing LLC lifted its position in Unity Software by 33.6% during the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock valued at $37,000 after acquiring an additional 411 shares during the period. Farther Finance Advisors LLC boosted its holdings in Unity Software by 4.0% in the third quarter. Farther Finance Advisors LLC now owns 13,947 shares of the company’s stock worth $315,000 after purchasing an additional 538 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of Unity Software by 4.9% in the third quarter. Tidal Investments LLC now owns 15,410 shares of the company’s stock worth $349,000 after acquiring an additional 723 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of Unity Software by 28.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company’s stock worth $89,000 after purchasing an additional 876 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in Unity Software by 163.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock worth $36,000 after acquiring an additional 1,389 shares during the period. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Unity Software

In related news, Director Tomer Bar-Zeev sold 250,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were 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 owns 4,248,146 shares of the company’s stock, valued at $74,427,517.92. The trade was a 5.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Shlomo Dovrat sold 3,750 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $17.99, for a total value of $67,462.50. Following the completion of the transaction, the director now directly owns 2,394,935 shares of the company’s stock, valued at approximately $43,084,880.65. The trade was a 0.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 764,487 shares of company stock valued at $17,521,180 in the last three months. Company insiders own 6.30% of the company’s stock.

Unity Software Stock Performance

Unity Software stock opened at $21.40 on Tuesday. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $35.56. The company’s 50-day moving average is $23.55 and its 200 day moving average is $20.53. The firm has a market capitalization of $8.62 billion, a P/E ratio of -10.49 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 (NYSE:U) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.08. The company had revenue of $446.52 million for the quarter, compared to the consensus estimate of $428.01 million. Unity Software had a negative return on equity of 11.30% and a negative net margin of 40.47%. During the same quarter in the prior year, the company posted ($0.12) EPS. Research analysts forecast that Unity Software Inc. will post -1.72 EPS for the current year.

Wall Street Analyst Weigh In

U has been the subject of a number of recent research reports. Macquarie boosted their price objective on Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a research note on Friday, November 8th. Oppenheimer reaffirmed a “market perform” rating on shares of Unity Software in a research note on Friday, October 18th. JMP Securities reissued a “market perform” rating on shares of Unity Software in a research note on Monday. Barclays upped their price target 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. Finally, Benchmark lifted their price objective on shares of Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $22.81.

About Unity Software

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.