U.S. Capital Wealth Advisors LLC Decreases Stake in Unity Software Inc. (NYSE:U)

U.S. Capital Wealth Advisors LLC trimmed its holdings in shares of Unity Software Inc. (NYSE:U - Free Report) by 38.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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.

A number of other large investors also recently modified their holdings of the business. Anderson Financial Strategies LLC bought a new stake in shares of Unity Software in the 4th quarter valued at about $28,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Unity Software in the 4th quarter valued at about $36,000. Itau Unibanco Holding S.A. raised its holdings in shares of Unity Software by 150.4% in the 4th 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 period. Jones Financial Companies Lllp raised its holdings in shares of 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 period. Finally, GAMMA Investing LLC raised its holdings in shares of Unity Software by 72.5% in the 1st 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 period. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Unity Software Trading Down 0.7%

U traded down $0.21 during trading on Friday, reaching $28.95. 8,942,973 shares of the stock traded hands, compared to its average volume of 11,742,306. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $12.03 billion, a PE ratio of -25.85 and a beta of 2.29. The stock's 50-day moving average is $23.94 and its 200 day moving average is $22.54. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $30.88.

Unity Software (NYSE:U - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.19) EPS for the quarter, beating analysts' consensus estimates of ($0.38) by $0.19. The business had revenue of $435.00 million for 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%. The business's quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 earnings per share. Equities analysts anticipate that Unity Software Inc. will post -1.25 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on U. Barclays cut their price objective on shares of Unity Software from $26.00 to $25.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Wells Fargo & Company raised their price objective on shares of Unity Software from $19.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. Needham & Company LLC cut their price objective on shares of Unity Software from $33.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Stifel Nicolaus cut their price objective on shares of Unity Software from $35.00 to $28.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, Morgan Stanley cut their price objective on shares of Unity Software from $32.00 to $25.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Unity Software has an average rating of "Moderate Buy" and an average price target of $24.80.

Insider Activity at Unity Software

In related news, Director Shlomo Dovrat sold 50,000 shares of the company's stock in a transaction dated 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 in the company, valued at $5,674,560.89. This represents a 20.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Matthew S. Bromberg sold 133,072 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $21.24, for a total transaction of $2,826,449.28. Following the completion of the sale, the chief executive officer owned 1,222,812 shares in the company, valued at $25,972,526.88. This represents a 9.81% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,227,944 shares of company stock worth $29,919,875. 3.61% of the stock is currently owned by insiders.

About Unity Software

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.