Unity Software Inc. $U Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

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% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 209,577 shares of the company's stock after selling 40,251 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.05% of Unity Software worth $4,106,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Unity Software by 5.9% during the 1st quarter. Vanguard Group Inc. now owns 32,964,521 shares of the company's stock valued at $645,775,000 after purchasing an additional 1,841,486 shares during the last quarter. Atreides Management LP grew its position in Unity Software by 146.7% during the 1st quarter. Atreides Management LP now owns 9,430,955 shares of the company's stock valued at $184,752,000 after purchasing an additional 5,607,572 shares during the last quarter. Ameriprise Financial Inc. grew its position in Unity Software by 89.7% during the 1st quarter. Ameriprise Financial Inc. now owns 3,357,530 shares of the company's stock valued at $65,778,000 after purchasing an additional 1,587,582 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Unity Software by 43.2% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,773,157 shares of the company's stock valued at $54,326,000 after purchasing an additional 837,026 shares during the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd purchased a new stake in shares of Unity Software during the 1st quarter valued at about $47,648,000. 73.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Unity Software news, Director Tomer Bar-Zeev sold 150,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $37.75, for a total value of $5,662,500.00. Following the completion of the transaction, the director directly owned 1,948,146 shares in the company, valued at approximately $73,542,511.50. The trade was a 7.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Alexander Blum sold 63,813 shares of the business's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $39.41, for a total transaction of $2,514,870.33. Following the completion of the transaction, the chief operating officer owned 603,811 shares of the company's stock, valued at $23,796,191.51. This represents a 9.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,981,485 shares of company stock valued at $82,447,777 in the last three months. 3.61% of the stock is currently owned by insiders.

Unity Software Trading Up 0.4%

NYSE U traded up $0.16 on Friday, hitting $43.56. 9,118,851 shares of the stock were exchanged, compared to its average volume of 10,961,926. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.73 and a current ratio of 2.73. The stock has a fifty day moving average price of $36.11 and a two-hundred day moving average price of $26.98. The firm has a market capitalization of $18.40 billion, a P/E ratio of -41.09 and a beta of 2.33. Unity Software Inc. has a 52-week low of $15.33 and a 52-week high of $46.00.

Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $425.18 million. During the same period in the previous year, the firm earned ($0.32) earnings per share. The firm's quarterly revenue was down 1.9% compared to the same quarter last year. Research analysts forecast that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Barclays raised their price target on shares of Unity Software from $25.00 to $30.00 and gave the company an "equal weight" rating in a report on Thursday, August 7th. Citigroup raised their price target on shares of Unity Software from $29.00 to $44.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. BTIG Research cut shares of Unity Software from a "neutral" rating to a "sell" rating and set a $25.00 price objective on the stock. in a research note on Wednesday, July 23rd. Wells Fargo & Company increased their price objective on shares of Unity Software from $24.00 to $29.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 7th. Finally, Bank of America began coverage on shares of Unity Software in a research note on Thursday, June 26th. They issued an "underperform" rating and a $15.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Unity Software currently has an average rating of "Moderate Buy" and a consensus target price of $31.20.

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.