Corient Private Wealth LLC Sells 1,205 Shares of Unity Software Inc. (NYSE:U)

Corient Private Wealth LLC reduced its holdings in shares of Unity Software Inc. (NYSE:U) by 8.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,251 shares of the company’s stock after selling 1,205 shares during the quarter. Corient Private Wealth LLC’s holdings in Unity Software were worth $298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. R Squared Ltd bought a new position in shares of Unity Software in the fourth quarter worth about $30,000. Principal Securities Inc. increased its position in Unity Software by 50.5% during the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after acquiring an additional 477 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 purchasing an additional 411 shares during the last quarter. Whipplewood Advisors LLC bought a new position in shares of Unity Software during the fourth quarter valued at approximately $40,000. Finally, Jones Financial Companies Lllp increased its stake in Unity Software by 144.8% in the fourth quarter. Jones Financial Companies Lllp now owns 1,902 shares of the company’s stock worth $43,000 after purchasing an additional 1,125 shares during the period. Institutional investors own 73.46% of the company’s stock.

Unity Software Price Performance

U opened at $19.64 on Tuesday. Unity Software Inc. has a 52-week low of $13.90 and a 52-week high of $30.88. The company has a market cap of $8.05 billion, a P/E ratio of -11.69 and a beta of 2.27. 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 company has a 50 day moving average of $22.54 and a two-hundred day moving average of $22.32.

Unity Software (NYSE:U) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.05. The firm had revenue of $457.10 million during the quarter, compared to analyst estimates of $433.47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. On average, analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

U has been the topic of several research reports. Citigroup upgraded Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Tuesday, March 11th. JMP Securities reissued a “market perform” rating on shares of Unity Software in a research report on Monday, February 3rd. UBS Group raised their price target on Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Macquarie began coverage on shares of Unity Software in a report on Monday, March 10th. They set a “neutral” rating and a $24.00 price objective on the stock. Finally, Hsbc Global Res upgraded shares of Unity Software to a “strong-buy” rating in a report on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.32.

Insider Transactions at Unity Software

In other Unity Software news, COO Alexander Blum sold 1,479 shares of Unity Software stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $25.26, for a total value of $37,359.54. Following the transaction, the chief operating officer now owns 495,648 shares in the company, valued at approximately $12,520,068.48. The trade was a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Tomer Bar-Zeev sold 250,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $25.02, for a total transaction of $6,255,000.00. Following the completion of the transaction, the director now owns 3,648,146 shares of the company’s stock, valued at approximately $91,276,612.92. The trade was a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 865,236 shares of company stock worth $20,849,425. 6.30% of the stock is currently owned by company insiders.

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.