Vestmark Advisory Solutions Inc. Sells 81,774 Shares of Unity Software Inc. (NYSE:U)

Vestmark Advisory Solutions Inc. decreased its position in Unity Software Inc. (NYSE:U) by 48.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 87,426 shares of the company’s stock after selling 81,774 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Unity Software were worth $1,964,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in U. R Squared Ltd acquired a new position in Unity Software in the fourth quarter valued at about $30,000. Principal Securities Inc. raised its stake in shares of Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after acquiring an additional 477 shares during the last quarter. Planning Capital Management Corp acquired a new position in shares of Unity Software in the 3rd quarter worth approximately $34,000. GAMMA Investing LLC grew its position in Unity Software by 33.6% during the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock worth $37,000 after acquiring an additional 411 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in Unity Software during the 4th quarter valued at $40,000. Institutional investors own 73.46% of the company’s stock.

Insiders Place Their Bets

In other Unity Software news, Director David Helgason sold 38,924 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $25.84, for a total value of $1,005,796.16. Following the completion of the transaction, the director now directly owns 7,750,646 shares of the company’s stock, valued at approximately $200,276,692.64. The trade was a 0.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tomer Bar-Zeev sold 166,667 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $20.99, for a total transaction of $3,498,340.33. Following the sale, the director now owns 3,481,479 shares in the company, valued at $73,076,244.21. This trade represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 872,397 shares of company stock worth $21,047,619. Insiders own 6.30% of the company’s stock.

Unity Software Price Performance

U opened at $24.30 on Friday. The company has a fifty day moving average price of $22.92 and a two-hundred day moving average price of $21.71. The firm has a market capitalization of $9.96 billion, a PE ratio of -14.47 and a beta of 2.27. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41.

Unity Software (NYSE:U) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.05. The business had revenue of $457.10 million for the quarter, compared to analyst estimates of $433.47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. As a group, analysts anticipate that Unity Software Inc. will post -1.25 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Morgan Stanley boosted their price objective on Unity Software from $26.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Jefferies Financial Group upped their price target on shares of Unity Software from $23.00 to $28.00 and gave the stock a “hold” rating in a research report on Friday, February 21st. Macquarie raised their price objective on shares of Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a research report on Friday, November 8th. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a research report on Monday, February 3rd. Finally, Barclays raised their price target on shares of Unity Software from $18.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $25.04.

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.