MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 40,251 Shares of Unity Software Inc. $U

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in Unity Software Inc. by 16.1%, selling 40,251 shares and now holds approximately 0.05% of the company's stock valued at $4,106,000.
• Insider sales included a 120,000-share sale by CEO Matthew S. Bromberg and a 1.35 million-share sale by Director David Helgason, indicating a decrease in their ownership percentages.
• Unity Software's stock performance showed a 52-week high of $46.00 and a low of $15.33, with recent earnings reported as a loss of ($0.26) EPS, slightly missing analysts' expectations.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its holdings in Unity Software Inc. (NYSE:U - Free Report) by 16.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 209,577 shares of the company's stock after selling 40,251 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.05% of Unity Software worth $4,106,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of U. Cetera Investment Advisers grew its holdings in shares of Unity Software by 16.4% in the fourth quarter. Cetera Investment Advisers now owns 58,084 shares of the company's stock valued at $1,305,000 after acquiring an additional 8,182 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Unity Software by 0.8% in the fourth quarter. Deutsche Bank AG now owns 231,673 shares of the company's stock valued at $5,206,000 after acquiring an additional 1,902 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Unity Software by 7.3% in the fourth quarter. Janus Henderson Group PLC now owns 127,649 shares of the company's stock valued at $2,870,000 after acquiring an additional 8,649 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Unity Software by 24.0% in the fourth quarter. Nuveen Asset Management LLC now owns 1,026,810 shares of the company's stock valued at $23,072,000 after acquiring an additional 198,515 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its holdings in shares of Unity Software by 11.0% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 33,804 shares of the company's stock valued at $772,000 after acquiring an additional 3,340 shares in the last quarter. 73.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

U has been the subject of several recent analyst reports. JMP Securities upped their target price on Unity Software from $30.00 to $35.00 and gave the company a "market outperform" rating in a report on Thursday, August 7th. Jefferies Financial Group increased their price objective on Unity Software from $29.00 to $35.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Citigroup increased their price objective on Unity Software from $29.00 to $44.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Morgan Stanley increased their price objective on Unity Software from $25.00 to $40.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Finally, Wells Fargo & Company raised their price target on Unity Software from $24.00 to $29.00 and gave the stock an "equal weight" rating in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $31.20.

Unity Software Stock Down 0.9%

NYSE U traded down $0.43 during mid-day trading on Wednesday, reaching $45.49. The stock had a trading volume of 1,016,739 shares, compared to its average volume of 12,282,087. Unity Software Inc. has a 1 year low of $15.33 and a 1 year high of $46.94. The stock has a market cap of $19.22 billion, a PE ratio of -42.93 and a beta of 2.33. The company has a fifty day moving average price of $36.81 and a 200 day moving average price of $27.26. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.73 and a quick ratio of 2.73.

Unity Software (NYSE:U - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.26) earnings per share for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.01). Unity Software had a negative return on equity of 13.59% and a negative net margin of 24.38%.The firm had revenue of $440.94 million during the quarter, compared to analysts' expectations of $425.18 million. During the same quarter in the previous year, the firm earned ($0.32) earnings per share. Unity Software's revenue was down 1.9% on a year-over-year basis. On average, research analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current year.

Insider Buying and Selling at Unity Software

In other Unity Software news, CEO Matthew S. Bromberg sold 120,000 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $40.03, for a total transaction of $4,803,600.00. Following the completion of the sale, the chief executive officer directly owned 1,222,812 shares in the company, valued at approximately $48,949,164.36. The trade was a 8.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Helgason sold 1,350,000 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $44.43, for a total transaction of $59,980,500.00. Following the sale, the director owned 6,139,173 shares of the company's stock, valued at approximately $272,763,456.39. This represents a 18.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,983,781 shares of company stock worth $82,548,778. 3.61% of the stock is owned by corporate insiders.

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.