Unity Software Inc. (NYSE:U) Shares Sold by Cerity Partners LLC

Cerity Partners LLC lessened its position in Unity Software Inc. (NYSE:U - Free Report) by 23.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 60,354 shares of the company's stock after selling 18,124 shares during the quarter. Cerity Partners LLC's holdings in Unity Software were worth $1,357,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Ariose Capital Management Ltd acquired a new stake in shares of Unity Software in the fourth quarter valued at $2,299,000. Charles Schwab Investment Management Inc. increased its holdings in Unity Software by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,958,400 shares of the company's stock worth $44,005,000 after purchasing an additional 72,384 shares during the period. Jessup Wealth Management Inc acquired a new stake in Unity Software in the 4th quarter valued at about $510,000. Vanguard Group Inc. boosted its stake in shares of Unity Software by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 31,123,035 shares of the company's stock valued at $699,335,000 after buying an additional 625,872 shares during the period. Finally, CIBC Asset Management Inc grew its position in shares of Unity Software by 10.0% during the fourth quarter. CIBC Asset Management Inc now owns 376,794 shares of the company's stock worth $8,467,000 after buying an additional 34,322 shares in the last quarter. Institutional investors and hedge funds own 73.46% of the company's stock.

Insiders Place Their Bets

In related news, CAO Mark Barrysmith sold 1,395 shares of Unity Software stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $21.68, for a total value of $30,243.60. Following the sale, the chief accounting officer now directly owns 450,881 shares in the company, valued at $9,775,100.08. The trade was a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David Helgason sold 38,924 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $26.92, for a total value of $1,047,834.08. Following the completion of the transaction, the director now owns 7,828,494 shares of the company's stock, valued at $210,743,058.48. The trade was a 0.49 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 782,231 shares of company stock worth $17,933,528. 6.30% of the stock is owned by insiders.

Unity Software Stock Performance

Shares of U traded up $1.55 during mid-day trading on Wednesday, hitting $21.72. 2,878,643 shares of the company's stock were exchanged, compared to its average volume of 11,025,108. The firm has a market capitalization of $8.90 billion, a P/E ratio of -12.93 and a beta of 2.31. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $30.88. The business's 50 day moving average is $21.52 and its two-hundred day moving average is $21.99. 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 (NYSE:U - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, topping analysts' consensus estimates of ($0.35) by $0.05. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The company had revenue of $457.10 million during the quarter, compared to analysts' expectations of $433.47 million. On average, equities analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Hsbc Global Res upgraded shares of Unity Software to a "strong-buy" rating in a research note on Friday, February 21st. HSBC raised shares of Unity Software from a "hold" rating to a "buy" rating and set a $34.00 price objective for the company in a research report on Friday, February 21st. Wedbush reissued an "outperform" rating and issued a $27.00 target price on shares of Unity Software in a report on Thursday, February 13th. Benchmark raised Unity Software from a "sell" rating to a "hold" rating in a report on Thursday, February 20th. Finally, Wells Fargo & Company dropped their price objective on Unity Software from $22.00 to $19.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $23.96.

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.