Unity Software Inc. $U Position Cut by Capital International Investors

Key Points

• Capital International Investors trimmed its stake in Unity by 0.9%, selling 183,716 shares and now owns 20,424,395 shares (about 4.77%) valued at roughly $817.8 million.
• Insiders have been net sellers recently — the COO and CFO sold shares and insiders disposed of 618,343 shares worth $29.4 million in the last 90 days, leaving insiders with 3.61% ownership.
• Wall Street is mixed but consensus is a "Moderate Buy" with an average price target of $39.73, significantly above the recent share price (~$20.66) and the stock's 52‑week range of $15.33 to $52.15.

Capital International Investors lessened its position in Unity Software Inc. (NYSE:U - Free Report) by 0.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,424,395 shares of the company's stock after selling 183,716 shares during the period. Capital International Investors owned approximately 4.77% of Unity Software worth $817,818,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of U. Pinkerton Wealth LLC bought a new position in Unity Software in the 3rd quarter worth about $1,006,000. Banque Cantonale Vaudoise raised its holdings in shares of Unity Software by 873.8% during the third quarter. Banque Cantonale Vaudoise now owns 3,087 shares of the company's stock valued at $124,000 after buying an additional 2,770 shares during the last quarter. Swiss National Bank boosted its position in shares of Unity Software by 3.0% during the third quarter. Swiss National Bank now owns 604,600 shares of the company's stock worth $24,208,000 after buying an additional 17,600 shares during the period. WINTON GROUP Ltd bought a new position in Unity Software in the 3rd quarter worth approximately $11,918,000. Finally, Schroder Investment Management Group bought a new position in Unity Software in the 3rd quarter worth approximately $339,000. 73.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on U. Wedbush cut their target price on Unity Software from $37.00 to $30.00 and set an "outperform" rating on the stock in a research note on Thursday, February 12th. Morgan Stanley increased their price target on Unity Software from $48.00 to $52.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 13th. Citigroup lowered their price target on Unity Software from $52.00 to $43.00 and set a "buy" rating on the stock in a report on Thursday, February 12th. Jefferies Financial Group upped their price objective on shares of Unity Software from $49.00 to $55.00 and gave the stock a "buy" rating in a report on Monday, January 5th. Finally, Freedom Capital upgraded shares of Unity Software to a "strong-buy" rating in a research report on Thursday, January 15th. One 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, Unity Software has a consensus rating of "Moderate Buy" and a consensus price target of $39.73.

Insider Buying and Selling

In related news, COO Alexander Blum sold 2,541 shares of the business's stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $18.76, for a total value of $47,669.16. Following the sale, the chief operating officer directly owned 548,425 shares in the company, valued at $10,288,453. The trade was a 0.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jarrod Yahes sold 6,205 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $21.03, for a total transaction of $130,491.15. Following the sale, the chief financial officer directly owned 728,381 shares of the company's stock, valued at approximately $15,317,852.43. This represents a 0.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 618,343 shares of company stock worth $29,413,946 in the last ninety days. Insiders own 3.61% of the company's stock.

Unity Software Stock Performance

Shares of NYSE U opened at $20.66 on Wednesday. Unity Software Inc. has a 1 year low of $15.33 and a 1 year high of $52.15. The firm has a market cap of $8.94 billion, a P/E ratio of -21.52, a PEG ratio of 11.40 and a beta of 2.14. The stock has a fifty day moving average price of $30.98 and a two-hundred day moving average price of $37.72. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.84 and a current ratio of 1.84.

Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.04. Unity Software had a negative return on equity of 4.76% and a negative net margin of 21.77%.The company had revenue of $503.09 million for the quarter, compared to the consensus estimate of $490.64 million. During the same quarter in the previous year, the business earned ($0.30) EPS. The company's quarterly revenue was up 10.1% compared to the same quarter last year. Research analysts forecast that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Unity Software Profile

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.

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