Janney Montgomery Scott LLC Sells 20,789 Shares of Unity Software Inc. (NYSE:U)

Janney Montgomery Scott LLC lowered its holdings in Unity Software Inc. (NYSE:U) by 60.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,452 shares of the company’s stock after selling 20,789 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Unity Software were worth $302,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Unity Software by 343.8% in the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock valued at $28,000 after acquiring an additional 949 shares in the last quarter. Planning Capital Management Corp acquired a new stake in shares of Unity Software in the 3rd quarter worth $34,000. Brooklyn Investment Group acquired a new position in Unity Software during the 3rd quarter valued at about $43,000. Versant Capital Management Inc raised its stake in Unity Software by 186.9% in the fourth quarter. Versant Capital Management Inc now owns 2,812 shares of the company’s stock valued at $63,000 after buying an additional 1,832 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in Unity Software by 28.7% in the third quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company’s stock valued at $89,000 after buying an additional 876 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.

Insider Buying and Selling

In related news, Director David Helgason sold 7,860 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $26.45, for a total transaction of $207,897.00. Following the completion of the transaction, the director now owns 10,493 shares in the company, valued at $277,539.85. This represents a 42.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tomer Bar-Zeev sold 166,667 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $20.99, for a total value of $3,498,340.33. Following the sale, the director now owns 3,481,479 shares of the company’s stock, valued at $73,076,244.21. The trade was a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 931,154 shares of company stock valued at $21,019,520. Corporate insiders own 6.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Needham & Company LLC upped their price objective on shares of Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a report on Friday, November 8th. Wells Fargo & Company began coverage on shares of Unity Software in a research note on Monday, October 28th. They set an “equal weight” rating and a $20.00 price target on the stock. Barclays lifted their price objective on shares of Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Benchmark upped their target price on Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a research report on Friday, November 8th. Finally, UBS Group lifted their price target on Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Unity Software presently has an average rating of “Hold” and an average target price of $22.81.

Unity Software Trading Down 4.5 %

Shares of NYSE:U opened at $19.48 on Wednesday. The company has a market capitalization of $7.85 billion, a PE ratio of -9.55 and a beta of 2.32. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $35.56. The business has a 50 day moving average of $23.22 and a two-hundred day moving average of $20.73. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70.

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.