Unity Software Inc. (NYSE:U) Shares Bought by Cwm LLC

Cwm LLC grew its position in Unity Software Inc. (NYSE:U – Get Rating) by 40.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,656 shares of the company’s stock after acquiring an additional 1,351 shares during the quarter. Cwm LLC’s holdings in Unity Software were worth $148,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Achmea Investment Management B.V. increased its holdings in shares of Unity Software by 3,857.7% in the 3rd quarter. Achmea Investment Management B.V. now owns 14,406 shares of the company’s stock valued at $459,000 after acquiring an additional 14,042 shares during the last quarter. Truist Financial Corp increased its holdings in shares of Unity Software by 29.2% in the 3rd quarter. Truist Financial Corp now owns 168,282 shares of the company’s stock valued at $5,362,000 after acquiring an additional 38,012 shares during the last quarter. Steel Peak Wealth Management LLC grew its stake in Unity Software by 5.3% during the 3rd quarter. Steel Peak Wealth Management LLC now owns 20,379 shares of the company’s stock worth $649,000 after buying an additional 1,025 shares during the last quarter. Emerald Advisers LLC grew its stake in Unity Software by 132.0% during the 3rd quarter. Emerald Advisers LLC now owns 5,342 shares of the company’s stock worth $170,000 after buying an additional 3,039 shares during the last quarter. Finally, Raymond James & Associates grew its stake in Unity Software by 7.4% during the 3rd quarter. Raymond James & Associates now owns 110,673 shares of the company’s stock worth $3,526,000 after buying an additional 7,607 shares during the last quarter. 82.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Credit Suisse Group lowered their price objective on Unity Software from $85.00 to $71.00 and set an “outperform” rating for the company in a research note on Thursday, November 10th. Stifel Nicolaus upped their price objective on Unity Software from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, November 17th. DA Davidson lowered their price objective on Unity Software from $60.00 to $40.00 in a research note on Thursday, November 10th. The Goldman Sachs Group restated a “neutral” rating and set a $36.00 price objective on shares of Unity Software in a research note on Tuesday, November 15th. Finally, Wedbush reduced their price target on Unity Software from $70.00 to $45.00 in a research report on Thursday, November 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $39.38.

Insider Activity

In other news, CMO Carol W. Carpenter sold 797 shares of the company’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $34.40, for a total transaction of $27,416.80. Following the completion of the sale, the chief marketing officer now directly owns 437,978 shares of the company’s stock, valued at $15,066,443.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CMO Carol W. Carpenter sold 797 shares of the company’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $34.40, for a total transaction of $27,416.80. Following the completion of the sale, the chief marketing officer now directly owns 437,978 shares of the company’s stock, valued at $15,066,443.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CMO Carol W. Carpenter sold 3,408 shares of the company’s stock in a transaction on Monday, November 28th. The shares were sold at an average price of $35.70, for a total value of $121,665.60. Following the sale, the chief marketing officer now directly owns 434,570 shares of the company’s stock, valued at $15,514,149. The disclosure for this sale can be found here. Insiders sold a total of 67,533 shares of company stock worth $2,405,768 over the last 90 days. 6.90% of the stock is currently owned by company insiders.

Unity Software Trading Up 0.7 %

Shares of Unity Software stock opened at $31.57 on Tuesday. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 0.77. The firm has a market cap of $9.49 billion, a price-to-earnings ratio of -11.74 and a beta of 2.05. The business has a fifty day simple moving average of $31.55 and a 200-day simple moving average of $35.72. Unity Software Inc. has a fifty-two week low of $21.22 and a fifty-two week high of $120.40.

Unity Software (NYSE:U – Get Rating) last announced its quarterly earnings data on Wednesday, November 9th. The company reported ($0.67) earnings per share for the quarter, missing the consensus estimate of ($0.50) by ($0.17). The firm had revenue of $322.88 million during the quarter, compared to analyst estimates of $323.33 million. Unity Software had a negative net margin of 63.17% and a negative return on equity of 26.00%. On average, equities analysts forecast that Unity Software Inc. will post -1.69 EPS for the current fiscal year.

Unity Software Company Profile

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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.