MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 16,054 Shares of Unity Software Inc. (NYSE:U)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its stake in shares of Unity Software Inc. (NYSE:U - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 249,828 shares of the company's stock after selling 16,054 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.06% of Unity Software worth $5,614,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of U. Norges Bank acquired a new position in Unity Software during the fourth quarter valued at approximately $269,320,000. Slate Path Capital LP bought a new position in shares of Unity Software in the 4th quarter valued at $62,387,000. Capital International Investors raised its holdings in shares of Unity Software by 10.4% during the 4th quarter. Capital International Investors now owns 18,886,853 shares of the company's stock worth $424,388,000 after buying an additional 1,786,032 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Unity Software by 3,843.9% during the 4th quarter. Ameriprise Financial Inc. now owns 1,769,948 shares of the company's stock worth $39,771,000 after buying an additional 1,725,070 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Unity Software by 366.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,936,131 shares of the company's stock valued at $43,505,000 after buying an additional 1,521,165 shares in the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Unity Software

In related news, Director Tomer Bar-Zeev sold 83,333 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $25.44, for a total transaction of $2,119,991.52. Following the completion of the sale, the director now directly owns 3,398,146 shares in the company, valued at $86,448,834.24. This represents a 2.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Mark Barrysmith sold 1,395 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $21.68, for a total transaction of $30,243.60. Following the completion of the transaction, the chief accounting officer now owns 450,881 shares in the company, valued at $9,775,100.08. The trade was a 0.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 783,645 shares of company stock valued at $18,063,816 in the last 90 days. Corporate insiders own 6.30% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on U shares. Morgan Stanley dropped their target price on shares of Unity Software from $32.00 to $25.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Wells Fargo & Company cut their target price on shares of Unity Software from $22.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Citigroup raised shares of Unity Software from a "neutral" rating to a "buy" rating and set a $30.00 target price on the stock in a research note on Tuesday, March 11th. UBS Group dropped their price target on Unity Software from $30.00 to $22.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, Barclays reduced their price objective on Unity Software from $26.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $24.21.

Unity Software Price Performance

Unity Software stock opened at $22.77 on Monday. The stock has a market cap of $9.46 billion, a P/E ratio of -13.55 and a beta of 2.29. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The company's 50 day moving average price is $20.52 and its two-hundred day moving average price is $22.06. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88.

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

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