Nisa Investment Advisors LLC Lowers Holdings in Unity Software Inc. (NYSE:U)

Nisa Investment Advisors LLC decreased its holdings in shares of Unity Software Inc. (NYSE:U - Free Report) by 81.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,250 shares of the company's stock after selling 49,550 shares during the period. Nisa Investment Advisors LLC's holdings in Unity Software were worth $460,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Front Row Advisors LLC increased its stake in Unity Software by 15,550.0% in the second quarter. Front Row Advisors LLC now owns 626 shares of the company's stock valued at $27,000 after purchasing an additional 622 shares in the last quarter. Huntington National Bank raised its stake in Unity Software by 665.0% during the 3rd quarter. Huntington National Bank now owns 895 shares of the company's stock worth $28,000 after buying an additional 778 shares during the period. Pacifica Partners Inc. bought a new position in Unity Software in the fourth quarter worth approximately $33,000. Impact Partnership Wealth LLC grew its stake in Unity Software by 1,151.0% in the third quarter. Impact Partnership Wealth LLC now owns 1,251 shares of the company's stock valued at $39,000 after acquiring an additional 1,151 shares during the period. Finally, IFP Advisors Inc increased its holdings in shares of Unity Software by 373.7% during the second quarter. IFP Advisors Inc now owns 919 shares of the company's stock valued at $40,000 after acquiring an additional 725 shares in the last quarter. Institutional investors and hedge funds own 73.46% of the company's stock.

Insider Buying and Selling at Unity Software

In related news, SVP Anirma Gupta sold 756 shares of the company's stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $33.07, for a total value of $25,000.92. Following the transaction, the senior vice president now owns 396,985 shares in the company, valued at $13,128,293.95. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, SVP Felix The sold 4,374 shares of Unity Software stock in a transaction on Monday, February 26th. The stock was sold at an average price of $32.55, for a total value of $142,373.70. Following the completion of the transaction, the senior vice president now directly owns 298,948 shares in the company, valued at $9,730,757.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Anirma Gupta sold 756 shares of Unity Software stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $33.07, for a total value of $25,000.92. Following the transaction, the senior vice president now directly owns 396,985 shares of the company's stock, valued at approximately $13,128,293.95. The disclosure for this sale can be found here. Insiders have sold a total of 341,723 shares of company stock worth $9,577,516 over the last three months. 9.00% of the stock is currently owned by insiders.

Unity Software Stock Performance

U stock traded down $0.29 during midday trading on Thursday, hitting $23.43. The company's stock had a trading volume of 4,565,896 shares, compared to its average volume of 10,130,049. Unity Software Inc. has a 1 year low of $22.20 and a 1 year high of $50.08. The stock has a market cap of $9.04 billion, a price-to-earnings ratio of -10.91 and a beta of 2.42. The stock's 50-day moving average price is $28.31 and its 200 day moving average price is $30.73. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.85.

Unity Software (NYSE:U - Get Free Report) last issued its quarterly earnings results on Monday, February 26th. The company reported ($0.66) earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.89). Unity Software had a negative return on equity of 10.14% and a negative net margin of 37.64%. The company had revenue of $609.27 million during the quarter, compared to analysts' expectations of $551.01 million. During the same period last year, the firm posted ($0.50) earnings per share. Unity Software's quarterly revenue was up 35.1% compared to the same quarter last year. On average, equities analysts forecast that Unity Software Inc. will post -0.63 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on U. William Blair reiterated an "outperform" rating on shares of Unity Software in a report on Tuesday, January 9th. Piper Sandler raised shares of Unity Software from an "underweight" rating to a "neutral" rating and dropped their price objective for the company from $35.00 to $30.00 in a research note on Tuesday, February 27th. Barclays reduced their price objective on shares of Unity Software from $30.00 to $28.00 and set an "equal weight" rating for the company in a report on Tuesday, February 27th. Citigroup lowered their target price on shares of Unity Software from $50.00 to $38.00 and set a "buy" rating on the stock in a report on Wednesday, February 28th. Finally, Wedbush cut their price target on Unity Software from $50.00 to $33.50 and set an "outperform" rating for the company in a research note on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $37.03.

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.