Unity Software Inc. (NYSE:U) Shares Sold by GTS Securities LLC

GTS Securities LLC reduced its holdings in shares of Unity Software Inc. (NYSE:U - Free Report) by 90.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 16,463 shares of the company's stock after selling 163,107 shares during the period. GTS Securities LLC's holdings in Unity Software were worth $370,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. SteelPeak Wealth LLC acquired a new stake in shares of Unity Software in the 4th quarter worth $221,000. R Squared Ltd acquired a new stake in shares of Unity Software in the 4th quarter worth $30,000. Choreo LLC lifted its stake in shares of Unity Software by 14.0% in the 4th quarter. Choreo LLC now owns 10,940 shares of the company's stock worth $246,000 after acquiring an additional 1,344 shares during the period. Newbridge Financial Services Group Inc. lifted its stake in shares of Unity Software by 81.8% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 4,000 shares of the company's stock worth $90,000 after acquiring an additional 1,800 shares during the period. Finally, V2 Financial group LLC acquired a new stake in shares of Unity Software in the 4th quarter worth $225,000. 73.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Unity Software

In related news, SVP Anirma Gupta sold 46,957 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $21.24, for a total value of $997,366.68. Following the completion of the sale, the senior vice president now directly owns 644,952 shares in the company, valued at approximately $13,698,780.48. The trade was a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew S. Bromberg sold 133,072 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $21.24, for a total transaction of $2,826,449.28. Following the completion of the sale, the chief executive officer now owns 1,222,812 shares of the company's stock, valued at approximately $25,972,526.88. The trade was a 9.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,009,705 shares of company stock worth $22,582,244 over the last ninety days. 6.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on U. JMP Securities restated a "market perform" rating on shares of Unity Software in a research note on Monday, February 3rd. Needham & Company LLC reduced their price objective on shares of Unity Software from $33.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Barclays reduced their price objective on shares of Unity Software from $26.00 to $25.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Macquarie assumed coverage on shares of Unity Software in a research note on Monday, March 10th. They issued a "neutral" rating and a $24.00 price objective for the company. Finally, Jefferies Financial Group upgraded shares of Unity Software from a "hold" rating to a "buy" rating and raised their price objective for the company from $22.00 to $29.00 in a research note on Friday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $25.14.

Unity Software Price Performance

U traded up $2.34 during midday trading on Friday, reaching $26.11. 46,605,302 shares of the company's stock were exchanged, compared to its average volume of 11,218,384. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The stock has a market capitalization of $10.85 billion, a PE ratio of -15.54 and a beta of 2.29. The business's 50-day moving average price is $20.71 and its 200 day moving average price is $22.16. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $30.88.

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

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.