Cwm LLC Sells 2,260 Shares of Unity Software Inc. (NYSE:U)

Cwm LLC lessened its holdings in shares of Unity Software Inc. (NYSE:U) by 3.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 70,285 shares of the company’s stock after selling 2,260 shares during the period. Cwm LLC’s holdings in Unity Software were worth $2,874,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in U. Huntington National Bank grew its holdings in Unity Software by 665.0% during the third quarter. Huntington National Bank now owns 895 shares of the company’s stock valued at $28,000 after purchasing an additional 778 shares during the last quarter. Pacifica Partners Inc. acquired a new position in Unity Software during the fourth quarter valued at approximately $33,000. Impact Partnership Wealth LLC grew its holdings in Unity Software by 1,151.0% during the third quarter. Impact Partnership Wealth LLC now owns 1,251 shares of the company’s stock valued at $39,000 after purchasing an additional 1,151 shares during the last quarter. Psagot Value Holdings Ltd. Israel acquired a new position in Unity Software during the third quarter valued at approximately $48,000. Finally, Global Retirement Partners LLC grew its holdings in Unity Software by 112.1% during the third quarter. Global Retirement Partners LLC now owns 1,752 shares of the company’s stock valued at $52,000 after purchasing an additional 926 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.

Unity Software Stock Up 2.0 %

U opened at $23.56 on Thursday. Unity Software Inc. has a fifty-two week low of $22.20 and a fifty-two week high of $50.08. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.60 and a quick ratio of 2.60. The firm’s fifty day moving average price is $27.24 and its two-hundred day moving average price is $30.50. The company has a market capitalization of $9.21 billion, a P/E ratio of -10.91 and a beta of 2.42.

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

Insider Buying and Selling at Unity Software

In other Unity Software news, CEO James M. Whitehurst sold 44,091 shares of Unity Software stock in a transaction on Monday, February 26th. The stock was sold at an average price of $32.56, for a total transaction of $1,435,602.96. Following the completion of the transaction, the chief executive officer now directly owns 155,909 shares of the company’s stock, valued at $5,076,397.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO James M. Whitehurst sold 44,091 shares of Unity Software stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $32.56, for a total value of $1,435,602.96. Following the completion of the transaction, the chief executive officer now directly owns 155,909 shares of the company’s stock, valued at $5,076,397.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $26.59, for a total value of $6,647,500.00. Following the completion of the transaction, the director now directly owns 4,498,146 shares of the company’s stock, valued at $119,605,702.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 341,723 shares of company stock valued at $9,577,516. 9.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Barclays lowered their price target on Unity Software from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 27th. William Blair reiterated an “outperform” rating on shares of Unity Software in a report on Tuesday, January 9th. Needham & Company LLC lowered their price objective on shares of Unity Software from $40.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, February 27th. Wedbush lowered their price objective on shares of Unity Software from $50.00 to $33.50 and set an “outperform” rating on the stock in a research note on Tuesday, February 27th. Finally, Macquarie downgraded shares of Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 price objective on the stock. in a research note on Monday, February 12th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $37.03.

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.