US Bancorp DE Reduces Position in Unity Software Inc. (NYSE:U)

US Bancorp DE lessened its holdings in shares of Unity Software Inc. (NYSE:UGet Rating) by 41.7% in the 3rd quarter, Holdings Channel reports. The fund owned 13,000 shares of the company’s stock after selling 9,296 shares during the quarter. US Bancorp DE’s holdings in Unity Software were worth $414,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of U. Ronald Blue Trust Inc. grew its stake in Unity Software by 85.2% during the 3rd quarter. Ronald Blue Trust Inc. now owns 985 shares of the company’s stock valued at $36,000 after acquiring an additional 453 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new position in Unity Software in the 2nd quarter valued at about $49,000. Seaport Global Advisors LLC acquired a new position in Unity Software in the 2nd quarter valued at about $81,000. Geneos Wealth Management Inc. boosted its holdings in Unity Software by 74.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 977 shares of the company’s stock valued at $96,000 after purchasing an additional 417 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its holdings in Unity Software by 12.2% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 3,067 shares of the company’s stock valued at $113,000 after purchasing an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 82.50% of the company’s stock.

Unity Software Price Performance

Unity Software stock opened at $35.14 on Tuesday. The firm has a market cap of $10.57 billion, a PE ratio of -13.06 and a beta of 2.05. Unity Software Inc. has a 52-week low of $21.22 and a 52-week high of $119.65. 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 company’s 50 day moving average is $31.91 and its two-hundred day moving average is $35.47.

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Credit Suisse Group decreased their target price on shares of Unity Software from $85.00 to $71.00 and set an “outperform” rating on the stock in a report on Thursday, November 10th. DA Davidson decreased their target price on shares of Unity Software from $60.00 to $40.00 in a report on Thursday, November 10th. Morgan Stanley assumed coverage on shares of Unity Software in a report on Monday, November 28th. They issued an “equal weight” rating and a $27.50 target price on the stock. Stifel Nicolaus boosted their target price on shares of Unity Software from $30.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, November 17th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $36.00 price objective on shares of Unity Software in a report on Tuesday, November 15th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $39.38.

Insider Buying and Selling at Unity Software

In other Unity Software news, CMO Carol W. Carpenter sold 797 shares of the stock in a transaction that occurred 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 sale, the chief marketing officer now directly owns 437,978 shares of the company’s stock, valued at approximately $15,066,443.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Ingrid Lestiyo sold 22,524 shares of the stock in a transaction on Friday, November 25th. The shares were sold at an average price of $35.69, for a total transaction of $803,881.56. Following the completion of the transaction, the senior vice president now directly owns 133,169 shares in the company, valued at $4,752,801.61. The disclosure for this sale can be found here. In the last three months, insiders have sold 68,330 shares of company stock valued at $2,431,296. Insiders own 6.90% of the company’s stock.

About Unity Software

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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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