Unity Software Inc. (NYSE:U) Shares Sold by Stifel Financial Corp

Stifel Financial Corp reduced its stake in Unity Software Inc. (NYSE:U - Free Report) by 60.9% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 80,246 shares of the company's stock after selling 125,039 shares during the quarter. Stifel Financial Corp's holdings in Unity Software were worth $1,803,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in U. Vanguard Group Inc. boosted its stake in Unity Software by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 31,123,035 shares of the company's stock worth $699,335,000 after buying an additional 625,872 shares in the last quarter. Capital International Investors increased its holdings in shares of Unity Software by 10.4% during the fourth quarter. Capital International Investors now owns 18,886,853 shares of the company's stock valued at $424,388,000 after acquiring an additional 1,786,032 shares in the last quarter. Norges Bank bought a new stake in Unity Software in the 4th quarter worth about $269,320,000. Geode Capital Management LLC increased its holdings in Unity Software by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 4,769,609 shares of the company's stock worth $107,208,000 after buying an additional 84,480 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Unity Software by 35.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,473,370 shares of the company's stock worth $55,578,000 after buying an additional 642,627 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors.

Insider Activity at Unity Software

In related news, Director Tomer Bar-Zeev sold 166,667 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $21.59, for a total transaction of $3,598,340.53. Following the transaction, the director now directly owns 2,814,812 shares of the company's stock, valued at $60,771,791.08. This represents a 5.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Anirma Gupta sold 31,948 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $25.23, for a total value of $806,048.04. Following the transaction, the senior vice president now directly owns 542,942 shares in the company, valued at $13,698,426.66. This represents a 5.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 782,231 shares of company stock worth $18,033,528 in the last quarter. 6.30% of the stock is owned by company insiders.

Unity Software Trading Down 0.4%

U traded down $0.08 during trading hours on Friday, reaching $20.57. 7,373,905 shares of the company's stock traded hands, compared to its average volume of 10,962,659. The firm has a 50-day moving average price of $20.64 and a 200 day moving average price of $22.01. Unity Software Inc. has a 52-week low of $13.90 and a 52-week high of $30.88. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $8.55 billion, a PE ratio of -12.24 and a beta of 2.29.

Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.38) by $0.19. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The company had revenue of $435.00 million during the quarter, compared to analysts' expectations of $415.77 million. During the same quarter in the previous year, the business earned $0.28 EPS. Unity Software's revenue was down 5.5% compared to the same quarter last year. As a group, sell-side analysts predict that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on U shares. Barclays dropped their target price on Unity Software from $26.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Thursday. Needham & Company LLC lowered their price objective on Unity Software from $33.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday. Citizens Jmp raised Unity Software from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. UBS Group lowered their price objective on Unity Software from $30.00 to $22.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, Wedbush cut Unity Software from a "strong-buy" rating to a "strong sell" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Unity Software has an average rating of "Hold" and an average target price of $24.21.

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.