Unity Software Inc. (NYSE:U) Shares Purchased by Raymond James & Associates

Raymond James & Associates boosted its position in shares of Unity Software Inc. (NYSE:UGet Rating) by 7.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 110,673 shares of the company’s stock after acquiring an additional 7,607 shares during the quarter. Raymond James & Associates’ holdings in Unity Software were worth $3,526,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AE Wealth Management LLC increased its stake in Unity Software by 59.8% in the third quarter. AE Wealth Management LLC now owns 111,662 shares of the company’s stock valued at $3,558,000 after purchasing an additional 41,806 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Unity Software by 24.5% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 84,458 shares of the company’s stock worth $2,691,000 after buying an additional 16,647 shares during the last quarter. Xponance Inc. increased its position in Unity Software by 2.8% in the 3rd quarter. Xponance Inc. now owns 18,217 shares of the company’s stock valued at $580,000 after acquiring an additional 502 shares during the period. Tandem Capital Management Corp ADV raised its stake in Unity Software by 5.9% during the 3rd quarter. Tandem Capital Management Corp ADV now owns 11,803 shares of the company’s stock valued at $344,000 after acquiring an additional 660 shares during the last quarter. Finally, Calamos Advisors LLC grew its stake in shares of Unity Software by 11.2% in the 3rd quarter. Calamos Advisors LLC now owns 26,060 shares of the company’s stock valued at $830,000 after purchasing an additional 2,623 shares during the last quarter. Hedge funds and other institutional investors own 82.50% of the company’s stock.

Unity Software Stock Performance

Shares of U opened at $28.90 on Friday. Unity Software Inc. has a 12-month low of $21.22 and a 12-month high of $119.74. The stock has a market cap of $8.69 billion, a P/E ratio of -10.74 and a beta of 2.05. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 0.77. The company has a 50-day moving average of $31.91 and a two-hundred day moving average of $35.65.

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

Insider Activity

In other Unity Software news, CMO Carol W. Carpenter sold 797 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $34.40, for a total transaction of $27,416.80. Following the sale, the chief marketing officer now directly owns 437,978 shares of the company’s stock, valued at approximately $15,066,443.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CMO Carol W. Carpenter sold 797 shares of the stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $34.40, for a total value of $27,416.80. Following the completion of the sale, the chief marketing officer now owns 437,978 shares of the company’s stock, valued at $15,066,443.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Carol W. Carpenter sold 3,408 shares of Unity Software stock in a transaction on Monday, November 28th. The shares were sold at an average price of $35.70, for a total transaction of $121,665.60. Following the transaction, the chief marketing officer now owns 434,570 shares in the company, valued at approximately $15,514,149. The disclosure for this sale can be found here. Insiders have sold 68,330 shares of company stock worth $2,431,296 over the last three months. 6.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on U shares. Piper Sandler cut their price target on Unity Software from $38.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, November 10th. Needham & Company LLC started coverage on shares of Unity Software in a research note on Friday, October 7th. They issued a “buy” rating and a $50.00 target price for the company. BTIG Research downgraded shares of Unity Software from a “buy” rating to a “neutral” rating in a report on Thursday, December 8th. Bank of America assumed coverage on shares of Unity Software in a report on Friday, September 30th. They set a “neutral” rating and a $40.00 price target for the company. Finally, Citigroup lowered their price objective on Unity Software from $61.00 to $54.00 in a report on Monday, November 21st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Unity Software presently has a consensus rating of “Hold” and a consensus target price of $39.38.

Unity Software 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.

Further Reading

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Institutional Ownership by Quarter for Unity Software (NYSE:U)

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