Ensign Peak Advisors Inc Decreases Stock Position in Unity Software Inc. (NYSE:U)

Ensign Peak Advisors Inc lowered its stake in Unity Software Inc. (NYSE:U - Free Report) by 88.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,947 shares of the company's stock after selling 658,819 shares during the period. Ensign Peak Advisors Inc's holdings in Unity Software were worth $1,999,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Anderson Financial Strategies LLC bought a new stake in shares of Unity Software in the fourth quarter worth about $28,000. R Squared Ltd bought a new stake in Unity Software during the 4th quarter valued at approximately $30,000. Principal Securities Inc. boosted its position in Unity Software by 50.5% during the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock valued at $32,000 after acquiring an additional 477 shares in the last quarter. Itau Unibanco Holding S.A. boosted its position in Unity Software by 150.4% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,778 shares of the company's stock valued at $40,000 after acquiring an additional 1,068 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in Unity Software during the 4th quarter valued at approximately $40,000. 73.46% of the stock is owned by institutional investors.

Unity Software Price Performance

NYSE:U opened at $21.27 on Friday. Unity Software Inc. has a one year low of $13.90 and a one year high of $30.88. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The firm has a market cap of $8.84 billion, a price-to-earnings ratio of -12.66 and a beta of 2.29. The firm's fifty day moving average is $20.48 and its two-hundred day moving average is $22.02.

Unity Software (NYSE:U - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.38) by $0.19. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The business had revenue of $435.00 million for the quarter, compared to analyst estimates of $415.77 million. During the same period in the prior year, the company posted $0.28 EPS. The company's revenue for the quarter was down 5.5% on a year-over-year basis. Research analysts expect that Unity Software Inc. will post -1.25 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on U. Morgan Stanley cut their price objective on Unity Software from $32.00 to $25.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Macquarie began coverage on Unity Software in a research report on Monday, March 10th. They set a "neutral" rating and a $24.00 price objective on the stock. Wedbush cut Unity Software from a "strong-buy" rating to a "strong sell" rating in a research report on Wednesday, May 7th. Jefferies Financial Group cut their price objective on Unity Software from $24.00 to $16.00 and set a "hold" rating on the stock in a research report on Monday, April 7th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Unity Software in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Unity Software has a consensus rating of "Hold" and a consensus price target of $24.21.

Insider Buying and Selling at Unity Software

In related news, Director David Helgason sold 38,924 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $26.92, for a total transaction 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 approximately $210,743,058.48. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Tomer Bar-Zeev sold 236,337 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $23.92, for a total transaction of $5,653,181.04. Following the transaction, the director now directly owns 3,161,809 shares of the company's stock, valued at $75,630,471.28. The trade was a 6.95% 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 $18,033,528. Insiders own 6.30% of the company's stock.

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.

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