Unity Software Inc. (NYSE:U) Shares Sold by Financial Perspectives Inc

Financial Perspectives Inc lowered its stake in shares of Unity Software Inc. (NYSE:U) by 79.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,166 shares of the company’s stock after selling 4,471 shares during the period. Financial Perspectives Inc’s holdings in Unity Software were worth $26,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in Unity Software by 33.6% during the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock worth $37,000 after acquiring an additional 411 shares during the last quarter. Principal Securities Inc. grew its holdings in 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. Farther Finance Advisors LLC raised its stake in Unity Software by 4.0% during 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 period. Tidal Investments LLC boosted its holdings in shares of Unity Software by 4.9% in the 3rd quarter. Tidal Investments LLC now owns 15,410 shares of the company’s stock valued at $349,000 after purchasing an additional 723 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its stake in shares of Unity Software by 28.7% during the 3rd 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 period. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Tomer Bar-Zeev sold 250,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were 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 in the company, valued at approximately $91,276,612.92. This trade represents a 6.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Mark Barrysmith sold 1,362 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $21.91, for a total transaction of $29,841.42. Following the completion of the sale, the chief accounting officer now owns 452,276 shares in the company, valued at $9,909,367.16. The trade was a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 679,264 shares of company stock valued at $16,612,383 over the last 90 days. 6.30% of the stock is currently owned by company insiders.

Unity Software Price Performance

Shares of NYSE U opened at $21.48 on Thursday. The company has a market capitalization of $8.65 billion, a price-to-earnings ratio of -10.53 and a beta of 2.32. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $33.43. The business has a 50 day simple moving average of $22.42 and a 200-day simple moving average of $20.94. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70.

Analyst Ratings Changes

U has been the topic of a number of research analyst reports. Barclays lifted their target price on Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Macquarie raised their price objective on Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a report on Friday, November 8th. Needham & Company LLC increased their target price on shares of Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Benchmark raised their price target on shares of Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a report on Friday, November 8th. Finally, Wells Fargo & Company assumed 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 objective for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $22.81.

Unity Software Company 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.