Unity Software Inc. (NYSE:U) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC cut its holdings in Unity Software Inc. (NYSE:U) by 39.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 50,087 shares of the company’s stock after selling 32,083 shares during the period. Cresset Asset Management LLC’s holdings in Unity Software were worth $1,125,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Anderson Financial Strategies LLC bought a new stake in Unity Software in the 4th quarter valued at about $28,000. R Squared Ltd bought a new stake in Unity Software in the 4th quarter valued at about $30,000. Principal Securities Inc. lifted its position in Unity Software by 50.5% in the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after purchasing an additional 477 shares during the last quarter. GAMMA Investing LLC lifted its position in Unity Software by 33.6% in the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock valued at $37,000 after purchasing an additional 411 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in Unity Software in the 4th quarter valued at about $40,000. 73.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Unity Software

In related news, CAO Mark Barrysmith sold 1,395 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $21.68, for a total transaction of $30,243.60. Following the transaction, the chief accounting officer now directly owns 450,881 shares of the company’s stock, valued at approximately $9,775,100.08. The trade was a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Helgason sold 38,924 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $26.92, for a total value of $1,047,834.08. Following the transaction, the director now directly owns 7,828,494 shares in the company, valued at $210,743,058.48. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 782,231 shares of company stock valued at $18,033,528 over the last ninety days. Corporate insiders own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on U. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a research report on Monday, February 3rd. Wedbush downgraded shares of Unity Software from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, May 7th. Needham & Company LLC dropped their price target on shares of Unity Software from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday. Citigroup upgraded shares of Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday, March 11th. Finally, Benchmark upgraded shares of Unity Software from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Unity Software has an average rating of “Hold” and a consensus target price of $24.21.

Unity Software Stock Down 0.4%

NYSE U opened at $20.57 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The company’s 50 day simple moving average is $20.64 and its 200 day simple moving average is $22.01. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $30.88. The company has a market capitalization of $8.55 billion, a P/E ratio of -12.24 and a beta of 2.29.

Unity Software (NYSE:U) last released its earnings results on Wednesday, May 7th. The company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.19. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The business had revenue of $435.00 million for the quarter, compared to the consensus estimate of $415.77 million. During the same period in the previous year, the firm earned $0.28 EPS. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. Equities research analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Unity Software Profile

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.