Unity Software Inc. (NYSE:U) Shares Sold by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. cut its holdings in shares of Unity Software Inc. (NYSE:U - Free Report) by 80.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,835 shares of the company's stock after selling 7,730 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.'s holdings in Unity Software were worth $37,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in U. Proficio Capital Partners LLC bought a new position in Unity Software in the 4th quarter valued at approximately $440,000. Raymond James Financial Inc. acquired a new position in shares of Unity Software during the fourth quarter valued at about $1,151,000. PNC Financial Services Group Inc. grew its holdings in shares of Unity Software by 30.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,497 shares of the company's stock valued at $168,000 after buying an additional 1,756 shares during the last quarter. Xponance Inc. boosted its holdings in Unity Software by 12.0% during the fourth quarter. Xponance Inc. now owns 26,246 shares of the company's stock worth $590,000 after purchasing an additional 2,812 shares during the last quarter. Finally, American Century Companies Inc. bought a new stake in Unity Software in the fourth quarter worth about $318,000. 73.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Needham & Company LLC lowered their price target on shares of Unity Software from $33.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Wedbush increased their price objective on shares of Unity Software from $31.50 to $39.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. Morgan Stanley reduced their price target on Unity Software from $32.00 to $25.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Jefferies Financial Group boosted their price target on shares of Unity Software from $29.00 to $35.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Finally, Wells Fargo & Company upped their price target on Unity Software from $19.00 to $24.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $26.43.

Unity Software Trading Down 4.9%

U stock traded down $1.77 during midday trading on Tuesday, hitting $34.15. 11,339,342 shares of the company's stock were exchanged, compared to its average volume of 11,967,968. Unity Software Inc. has a one year low of $13.90 and a one year high of $38.96. The company has a market cap of $14.20 billion, a PE ratio of -30.44 and a beta of 2.29. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.74 and a current ratio of 2.74. The stock's fifty day moving average price is $25.17 and its 200-day moving average price is $22.89.

Unity Software (NYSE:U - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.19. Unity Software had a negative return on equity of 14.12% and a negative net margin of 25.21%. The firm had revenue of $435.00 million during the quarter, compared to analysts' expectations of $415.77 million. During the same period in the prior year, the company earned $0.28 earnings per share. The company's quarterly revenue was down 5.5% on a year-over-year basis. Research analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Insider Transactions at Unity Software

In other Unity Software news, Director David Helgason sold 261,473 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $25.70, for a total transaction of $6,719,856.10. Following the sale, the director owned 7,489,173 shares of the company's stock, valued at $192,471,746.10. The trade was a 3.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Matthew S. Bromberg sold 133,072 shares of the company's stock in a transaction dated 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 sale, the chief executive officer owned 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. Over the last three months, insiders have sold 1,276,809 shares of company stock worth $31,561,623. 3.61% of the stock is owned by insiders.

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.