Unity Software Inc. $U is Maytree Asset Management Ltd's 8th Largest Position

Key Points

• Maytree Asset Management cut its Unity holding by 44.3% in Q4, selling 96,468 shares and now holds 121,378 shares (about 4.0% of its portfolio), making Unity its 8th-largest position valued at $5.36 million.
• Insiders sold shares recently — CFO Jarrod Yahes sold 12,196 shares and COO Alexander Blum sold 10,164 on Feb. 25 — with insiders offloading 41,684 shares (~$773,350) over the quarter and now owning 0.77% of the stock.
• Unity beat quarterly expectations, reporting $0.24 EPS vs. $0.20 consensus and $503.1M revenue (up 10.1% YoY), while analysts maintain a consensus "Moderate Buy" with a $37.04 target.

Maytree Asset Management Ltd trimmed its holdings in shares of Unity Software Inc. (NYSE:U - Free Report) by 44.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,378 shares of the company's stock after selling 96,468 shares during the period. Unity Software comprises approximately 4.0% of Maytree Asset Management Ltd's investment portfolio, making the stock its 8th largest holding. Maytree Asset Management Ltd's holdings in Unity Software were worth $5,361,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Unity Software by 5.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 813,176 shares of the company's stock worth $15,930,000 after acquiring an additional 45,481 shares during the period. Focus Partners Wealth purchased a new stake in shares of Unity Software during the 1st quarter worth approximately $260,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Unity Software by 28.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,542 shares of the company's stock worth $134,000 after purchasing an additional 1,241 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Unity Software by 11.3% in the 2nd quarter. California Public Employees Retirement System now owns 520,774 shares of the company's stock worth $12,603,000 after purchasing an additional 53,015 shares during the period. Finally, Sei Investments Co. raised its holdings in shares of Unity Software by 1,135.6% in the 2nd quarter. Sei Investments Co. now owns 224,715 shares of the company's stock worth $5,438,000 after purchasing an additional 206,529 shares during the period. 73.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Unity Software

In related news, CFO Jarrod Yahes sold 12,196 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $18.07, for a total value of $220,381.72. Following the sale, the chief financial officer owned 533,933 shares in the company, valued at approximately $9,648,169.31. This trade represents a 2.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Alexander Blum sold 10,164 shares of Unity Software stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $18.07, for a total value of $183,663.48. Following the sale, the chief operating officer directly owned 550,966 shares of the company's stock, valued at $9,955,955.62. This represents a 1.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 41,684 shares of company stock valued at $773,350. 0.77% of the stock is currently owned by company insiders.

Unity Software Price Performance

U stock opened at $27.36 on Wednesday. The firm has a 50 day moving average of $21.68 and a 200-day moving average of $32.68. The firm has a market capitalization of $11.94 billion, a P/E ratio of -28.50, a price-to-earnings-growth ratio of 10.21 and a beta of 2.04. Unity Software Inc. has a 12 month low of $16.78 and a 12 month high of $52.15. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.52.

Unity Software (NYSE:U - Get Free Report) last posted its earnings results on Wednesday, February 11th. The company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.04. Unity Software had a negative net margin of 21.77% and a negative return on equity of 4.76%. The business had revenue of $503.09 million for the quarter, compared to analyst estimates of $490.64 million. During the same quarter in the prior year, the firm posted ($0.30) EPS. Unity Software's revenue was up 10.1% on a year-over-year basis. As a group, sell-side analysts predict that Unity Software Inc. will post 0.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

U has been the subject of several research reports. Wedbush reissued an "outperform" rating and set a $30.00 price objective on shares of Unity Software in a report on Thursday, April 30th. Benchmark restated a "hold" rating on shares of Unity Software in a research note on Monday, February 2nd. Oppenheimer raised Unity Software from a "market perform" rating to an "outperform" rating and set a $38.00 price target on the stock in a research report on Tuesday, February 10th. Weiss Ratings reissued a "sell (d-)" rating on shares of Unity Software in a report on Wednesday, January 21st. Finally, Wall Street Zen cut Unity Software from a "buy" rating to a "hold" rating in a research note on Saturday, March 28th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Unity Software presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.04.

About Unity Software

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity's technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company's core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.