Shell Asset Management Co. Sells 9,221 Shares of Unity Software Inc. $U

Shell Asset Management Co. lessened its stake in shares of Unity Software Inc. (NYSE:U - Free Report) by 6.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 130,577 shares of the company's stock after selling 9,221 shares during the quarter. Shell Asset Management Co.'s holdings in Unity Software were worth $3,160,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Farther Finance Advisors LLC grew its stake in shares of Unity Software by 4.4% during the second quarter. Farther Finance Advisors LLC now owns 10,766 shares of the company's stock worth $261,000 after buying an additional 454 shares during the last quarter. Amalgamated Bank grew its stake in shares of Unity Software by 3.0% in the first quarter. Amalgamated Bank now owns 18,132 shares of the company's stock worth $355,000 after purchasing an additional 525 shares during the last quarter. Bouvel Investment Partners LLC grew its stake in shares of Unity Software by 1.7% in the first quarter. Bouvel Investment Partners LLC now owns 35,595 shares of the company's stock worth $697,000 after purchasing an additional 580 shares during the last quarter. Signaturefd LLC grew its stake in shares of Unity Software by 26.3% in the first quarter. Signaturefd LLC now owns 3,658 shares of the company's stock worth $72,000 after purchasing an additional 762 shares during the last quarter. Finally, Jessup Wealth Management Inc grew its stake in shares of Unity Software by 4.3% in the first quarter. Jessup Wealth Management Inc now owns 23,667 shares of the company's stock worth $464,000 after purchasing an additional 985 shares during the last quarter. Institutional investors own 73.46% of the company's stock.

Unity Software Price Performance

U stock opened at $36.39 on Wednesday. The company's fifty day simple moving average is $39.61 and its 200 day simple moving average is $29.32. Unity Software Inc. has a 12-month low of $15.33 and a 12-month high of $46.94. The firm has a market cap of $15.38 billion, a price-to-earnings ratio of -34.33 and a beta of 2.32. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.70.

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 the consensus estimate of ($0.25) by ($0.01). Unity Software had a negative net margin of 24.38% and a negative return on equity of 13.59%. The company had revenue of $440.94 million for the quarter, compared to analyst estimates of $425.18 million. During the same quarter in the prior year, the company posted ($0.32) EPS. Unity Software's revenue for the quarter was down 1.9% on a year-over-year basis. On average, analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Hsbc Global Res cut shares of Unity Software from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 30th. Morgan Stanley boosted their price objective on shares of Unity Software from $25.00 to $40.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Wall Street Zen raised shares of Unity Software from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. UBS Group boosted their target price on shares of Unity Software from $22.00 to $33.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Finally, Zacks Research lowered shares of Unity Software from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Unity Software has a consensus rating of "Hold" and an average price target of $32.65.

Insider Activity at Unity Software

In other news, CAO Mark Barrysmith sold 645 shares of the business's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $46.52, for a total transaction of $30,005.40. Following the completion of the sale, the chief accounting officer directly owned 453,788 shares of the company's stock, valued at $21,110,217.76. The trade was a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 sale, the chief operating officer directly owned 603,811 shares of the company's stock, valued at approximately $23,796,191.51. The trade was a 9.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,284,426 shares of company stock valued at $96,630,284 over the last quarter. 3.61% of the stock is currently owned by company insiders.

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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