Unity Software Inc. $U Shares Sold by Resolute Advisors LLC

Resolute Advisors LLC trimmed its position in Unity Software Inc. (NYSE:U) by 57.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,621,429 shares of the company’s stock after selling 2,146,147 shares during the quarter. Unity Software makes up 23.4% of Resolute Advisors LLC’s portfolio, making the stock its biggest position. Resolute Advisors LLC’s holdings in Unity Software were worth $71,619,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. REAP Financial Group LLC acquired a new position in shares of Unity Software during the 4th quarter worth about $28,000. V Square Quantitative Management LLC bought a new position in shares of Unity Software during the 4th quarter valued at about $30,000. Larson Financial Group LLC lifted its holdings in shares of Unity Software by 88.1% during the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock valued at $29,000 after purchasing an additional 341 shares in the last quarter. IFP Advisors Inc bought a new position in shares of Unity Software during the 3rd quarter valued at about $33,000. Finally, International Assets Investment Management LLC bought a new position in shares of Unity Software during the 4th quarter valued at about $36,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Unity Software Stock Down 2.9%

NYSE:U opened at $29.15 on Friday. The firm has a market capitalization of $12.72 billion, a price-to-earnings ratio of -18.56, a price-to-earnings-growth ratio of 3.84 and a beta of 2.06. Unity Software Inc. has a twelve month low of $16.78 and a twelve month high of $52.15. The stock’s 50 day moving average price is $25.59 and its two-hundred day moving average price is $31.11. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.56.

Analyst Ratings Changes

U has been the topic of several recent analyst reports. Piper Sandler initiated coverage on Unity Software in a report on Tuesday. They set an “overweight” rating and a $40.00 price objective on the stock. BTIG Research lifted their price objective on Unity Software from $39.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Barclays boosted their target price on Unity Software from $28.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. UBS Group boosted their target price on Unity Software from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Finally, Needham & Company LLC boosted their target price on Unity Software from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.71.

Insider Activity

In other Unity Software news, CEO Matthew S. Bromberg sold 138,993 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total transaction of $3,777,829.74. Following the transaction, the chief executive officer owned 1,557,514 shares of the company’s stock, valued at $42,333,230.52. The trade was a 8.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Rebecca Berenice Boyden sold 952 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $27.20, for a total value of $25,894.40. Following the transaction, the senior vice president directly owned 309,445 shares in the company, valued at $8,416,904. This trade represents a 0.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 198,321 shares of company stock worth $5,390,783. Corporate insiders own 0.77% of the company’s stock.

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.