Unity Software Inc. $U Stock Holdings Reduced by Inceptionr LLC

Inceptionr LLC lowered its position in Unity Software Inc. (NYSE:U) by 75.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,748 shares of the company’s stock after selling 30,738 shares during the quarter. Inceptionr LLC’s holdings in Unity Software were worth $390,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of Unity Software by 10.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,967 shares of the company’s stock valued at $119,000 after buying an additional 288 shares during the last quarter. Xponance Inc. increased its holdings in Unity Software by 1.8% in the third quarter. Xponance Inc. now owns 18,291 shares of the company’s stock worth $732,000 after buying an additional 328 shares during the last quarter. Allworth Financial LP raised its position in Unity Software by 28.4% during the second quarter. Allworth Financial LP now owns 1,865 shares of the company’s stock valued at $45,000 after acquiring an additional 412 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of Unity Software by 2.1% during the 2nd quarter. Captrust Financial Advisors now owns 22,330 shares of the company’s stock worth $540,000 after acquiring an additional 462 shares in the last quarter. Finally, Stephens Inc. AR boosted its position in Unity Software by 4.1% during the third quarter. Stephens Inc. AR now owns 11,826 shares of the company’s stock worth $474,000 after purchasing an additional 471 shares during the period. 73.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Unity Software news, COO Alexander Blum sold 2,541 shares of the business’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $18.76, for a total value of $47,669.16. Following the transaction, the chief operating officer directly owned 548,425 shares in the company, valued at $10,288,453. The trade was a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Mark Barrysmith sold 10,578 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $18.07, for a total transaction of $191,144.46. Following the completion of the transaction, the chief accounting officer owned 383,901 shares in the company, valued at approximately $6,937,091.07. This trade represents a 2.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 91,684 shares of company stock worth $3,123,350 in the last quarter. 3.61% of the stock is owned by company insiders.

Unity Software Price Performance

Shares of U stock opened at $20.00 on Thursday. The stock’s fifty day simple moving average is $30.50 and its 200 day simple moving average is $37.60. Unity Software Inc. has a one year low of $15.33 and a one year high of $52.15. The firm has a market cap of $8.66 billion, a price-to-earnings ratio of -20.83, a P/E/G ratio of 11.09 and a beta of 2.14. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.84 and a quick ratio of 1.84.

Unity Software (NYSE:U) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.04. The firm had revenue of $503.09 million during the quarter, compared to analyst estimates of $490.64 million. Unity Software had a negative return on equity of 4.76% and a negative net margin of 21.77%.The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.30) earnings per share. On average, analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Oppenheimer raised Unity Software from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research report on Tuesday, February 10th. Wells Fargo & Company dropped their target price on shares of Unity Software from $54.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Unity Software in a research note on Wednesday, January 21st. Bank of America raised shares of Unity Software from an “underperform” rating to a “neutral” rating and increased their price target for the company from $18.00 to $19.00 in a report on Tuesday, March 3rd. Finally, Barclays decreased their price target on shares of Unity Software from $35.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $39.73.

About Unity Software

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.