U.S. Capital Wealth Advisors LLC Trims Stock Holdings in Unity Software Inc. (NYSE:U)

U.S. Capital Wealth Advisors LLC decreased its position in shares of Unity Software Inc. (NYSE:U - Free Report) by 38.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,274 shares of the company's stock after selling 21,147 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Unity Software were worth $652,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Anderson Financial Strategies LLC acquired a new position in Unity Software in the fourth quarter valued at about $28,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Unity Software in the 4th quarter valued at approximately $36,000. Itau Unibanco Holding S.A. boosted its position in Unity Software by 150.4% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,778 shares of the company's stock valued at $40,000 after purchasing an additional 1,068 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Unity Software by 144.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,902 shares of the company's stock valued at $43,000 after purchasing an additional 1,125 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Unity Software by 72.5% in the first quarter. GAMMA Investing LLC now owns 2,822 shares of the company's stock valued at $55,000 after purchasing an additional 1,186 shares during the last quarter. Institutional investors own 73.46% of the company's stock.

Insiders Place Their Bets

In related news, Director Shlomo Dovrat sold 50,000 shares of the business's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $30.01, for a total value of $1,500,500.00. Following the sale, the director owned 189,089 shares of the company's stock, valued at $5,674,560.89. The trade was a 20.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David Helgason sold 261,473 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $25.70, for a total value of $6,719,856.10. Following the transaction, the director directly owned 7,489,173 shares in the company, valued at $192,471,746.10. The trade was a 3.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,227,944 shares of company stock worth $29,919,875 in the last quarter. Company insiders own 3.61% of the company's stock.

Analyst Upgrades and Downgrades

U has been the subject of a number of research analyst reports. Morgan Stanley lowered their price target on Unity Software from $32.00 to $25.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Wedbush upgraded Unity Software to a "strong-buy" rating in a research note on Tuesday, July 1st. Needham & Company LLC lowered their price objective on shares of Unity Software from $33.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Wall Street Zen lowered shares of Unity Software from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Finally, Stifel Nicolaus reduced their target price on Unity Software from $35.00 to $28.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Unity Software presently has a consensus rating of "Moderate Buy" and an average target price of $24.80.

Unity Software Price Performance

Unity Software stock traded down $0.21 during trading hours on Friday, hitting $28.95. 8,942,973 shares of the company traded hands, compared to its average volume of 11,743,874. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $30.88. The firm's 50-day simple moving average is $23.79 and its two-hundred day simple moving average is $22.50. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.19) earnings per share for the quarter, topping analysts' consensus estimates of ($0.38) by $0.19. The business had revenue of $435.00 million during the quarter, compared to analysts' expectations of $415.77 million. Unity Software had a negative net margin of 25.21% and a negative return on equity of 14.12%. Unity Software's revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 earnings per share. On average, sell-side analysts predict that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

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.