Van ECK Associates Corp Has $29.35 Million Stock Holdings in Unity Software Inc. $U

Key Points

• VanEck trimmed its stake by 66.5% in Q3, selling 1,457,148 shares and ending the quarter with 733,107 Unity shares worth about $29.35 million (≈0.17% of the company).
• Significant insider selling: Director Tomer Bar‑Zeev sold 50,000 shares at $47 and CFO Jarrod Yahes sold 6,205 shares at $21.03, with insiders offloading 91,684 shares (~$3.12M) in the past 90 days; insiders now own 3.61% of the stock.
• Earnings beat but mixed fundamentals: Unity reported $0.24 EPS vs. $0.20 expected and revenue of $503.1M (up 10.1% YoY), yet the company has a negative net margin and ROE; the stock opened around $20, market cap ~$8.66B, and consensus rating is a "Moderate Buy" with an average target of $39.73.

Van ECK Associates Corp trimmed its position in shares of Unity Software Inc. (NYSE:U - Free Report) by 66.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 733,107 shares of the company's stock after selling 1,457,148 shares during the period. Van ECK Associates Corp owned approximately 0.17% of Unity Software worth $29,354,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of U. Root Financial Partners LLC bought a new stake in shares of Unity Software during the third quarter valued at approximately $27,000. Aster Capital Management DIFC Ltd acquired a new stake in Unity Software during the third quarter worth $38,000. Salem Investment Counselors Inc. bought a new stake in Unity Software in the 3rd quarter valued at $40,000. Atlantic Union Bankshares Corp bought a new stake in Unity Software in the 2nd quarter valued at $28,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Unity Software by 81.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,187 shares of the company's stock valued at $48,000 after buying an additional 533 shares in the last quarter. Institutional investors own 73.46% of the company's stock.

Insiders Place Their Bets

In related news, Director Tomer Bar-Zeev sold 50,000 shares of the firm's stock in a transaction on Friday, December 12th. The stock was sold at an average price of $47.00, for a total transaction of $2,350,000.00. Following the completion of the sale, the director directly owned 873,146 shares of the company's stock, valued at $41,037,862. This trade represents a 5.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jarrod Yahes sold 6,205 shares of Unity Software stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $21.03, for a total value of $130,491.15. Following the completion of the transaction, the chief financial officer owned 728,381 shares of the company's stock, valued at approximately $15,317,852.43. The trade was a 0.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 91,684 shares of company stock valued at $3,123,350 in the last 90 days. Insiders own 3.61% of the company's stock.

Unity Software Price Performance

NYSE:U opened at $20.00 on Thursday. The firm has a market cap of $8.66 billion, a PE ratio of -20.83, a price-to-earnings-growth ratio of 11.09 and a beta of 2.14. Unity Software Inc. has a 12 month low of $15.33 and a 12 month high of $52.15. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.52. The company's 50-day moving average price is $30.50 and its two-hundred day moving average price is $37.60.

Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $503.09 million during the quarter, compared to analyst estimates of $490.64 million. During the same quarter last year, the business posted ($0.30) earnings per share. The company's revenue was up 10.1% on a year-over-year basis. On average, equities analysts anticipate that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on U shares. Needham & Company LLC reiterated a "buy" rating and set a $50.00 target price on shares of Unity Software in a research report on Wednesday, February 11th. Citigroup dropped their price target on shares of Unity Software from $52.00 to $43.00 and set a "buy" rating for the company in a research report on Thursday, February 12th. UBS Group cut their price target on shares of Unity Software from $46.00 to $32.00 and set a "neutral" rating for the company in a research note on Tuesday, February 10th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Unity Software in a research note on Wednesday, January 21st. Finally, Benchmark reissued a "hold" rating on shares of Unity Software in a report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Unity Software presently has a consensus rating of "Moderate Buy" and an average price target of $39.73.

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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