Unity Software Inc. $U Stake Lessened by Inceptionr LLC

Inceptionr LLC lessened its stake in shares of Unity Software Inc. (NYSE:U) by 75.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jefferies Financial Group Inc. boosted its stake in Unity Software by 155.6% during the 3rd quarter. Jefferies Financial Group Inc. now owns 21,700 shares of the company’s stock valued at $869,000 after purchasing an additional 13,210 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Unity Software in the 3rd quarter worth $484,000. Black Swift Group LLC bought a new stake in shares of Unity Software in the 3rd quarter worth $1,201,000. First Trust Advisors LP lifted its holdings in shares of Unity Software by 4,548.8% in the third quarter. First Trust Advisors LP now owns 664,260 shares of the company’s stock valued at $26,597,000 after buying an additional 649,971 shares during the period. Finally, Neo Ivy Capital Management bought a new position in Unity Software during the third quarter valued at about $3,797,000. Institutional investors own 73.46% of the company’s stock.

Unity Software Trading Down 3.2%

Shares of NYSE U opened at $20.00 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.52. Unity Software Inc. has a one year low of $15.33 and a one year high of $52.15. The business has a 50-day moving average price of $30.50 and a two-hundred day moving average price of $37.60. The firm has a market capitalization of $8.66 billion, a PE ratio of -20.83, a PEG ratio of 11.09 and a beta of 2.14.

Unity Software (NYSE:U) last issued its earnings results on Wednesday, February 11th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. The company had revenue of $503.09 million for the quarter, compared to the consensus estimate of $490.64 million. Unity Software had a negative return on equity of 4.76% and a negative net margin of 21.77%.The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.30) EPS. As a group, analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Insider Activity at Unity Software

In other Unity Software news, CAO Mark Barrysmith sold 10,578 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $18.07, for a total value of $191,144.46. Following the transaction, the chief accounting officer owned 383,901 shares in the company, valued at approximately $6,937,091.07. This represents a 2.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tomer Bar-Zeev sold 50,000 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $47.00, for a total transaction of $2,350,000.00. Following the completion of the sale, the director owned 873,146 shares of the company’s stock, valued at approximately $41,037,862. The trade was a 5.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 91,684 shares of company stock valued at $3,123,350. Company insiders own 3.61% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on U. UBS Group lowered their target price on Unity Software from $46.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, February 10th. Wall Street Zen lowered shares of Unity Software from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Piper Sandler upgraded shares of Unity Software from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $43.00 to $59.00 in a research report on Thursday, December 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Unity Software in a research note on Wednesday, January 21st. Finally, Citizens Jmp dropped their target price on shares of Unity Software from $50.00 to $37.00 and set a “market outperform” rating on the stock in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Unity Software presently has an average rating of “Moderate Buy” and a consensus price target of $39.73.

Unity Software Company Profile

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.