Cwm LLC Grows Stock Position in Unity Software Inc. (NYSE:U)

Cwm LLC boosted its stake in shares of Unity Software Inc. (NYSE:U) by 19.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,243 shares of the company’s stock after buying an additional 1,845 shares during the period. Cwm LLC’s holdings in Unity Software were worth $254,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of U. Tradewinds Capital Management LLC grew its position in Unity Software by 245.6% in the 1st quarter. Tradewinds Capital Management LLC now owns 985 shares of the company’s stock valued at $26,000 after acquiring an additional 700 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in Unity Software by 2,429.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company’s stock valued at $28,000 after acquiring an additional 996 shares during the last quarter. GAMMA Investing LLC grew its position in Unity Software by 343.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock valued at $28,000 after acquiring an additional 949 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Unity Software by 163.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after acquiring an additional 1,389 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Unity Software by 308.8% in the 2nd quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock valued at $51,000 after acquiring an additional 2,359 shares during the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Unity Software Trading Down 3.1 %

Shares of NYSE U opened at $21.20 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.36 and a quick ratio of 2.36. The stock has a market capitalization of $8.29 billion, a P/E ratio of -9.46 and a beta of 2.28. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $43.54. The business has a fifty day moving average price of $19.40 and a 200 day moving average price of $19.26.

Unity Software (NYSE:U) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.32) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.12. The firm had revenue of $449.30 million during the quarter, compared to analysts’ expectations of $438.37 million. Unity Software had a negative return on equity of 8.78% and a negative net margin of 38.52%. The firm’s quarterly revenue was down 15.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.26) EPS. Equities research analysts expect that Unity Software Inc. will post -1.86 EPS for the current fiscal year.

Insider Buying and Selling

In other Unity Software news, SVP Anirma Gupta sold 1,506 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $16.73, for a total value of $25,195.38. Following the completion of the sale, the senior vice president now directly owns 409,540 shares in the company, valued at approximately $6,851,604.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Unity Software news, SVP Anirma Gupta sold 1,506 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $16.73, for a total value of $25,195.38. Following the completion of the sale, the senior vice president now directly owns 409,540 shares in the company, valued at approximately $6,851,604.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David Helgason sold 250,000 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $20.59, for a total value of $5,147,500.00. Following the completion of the sale, the director now owns 8,201,851 shares of the company’s stock, valued at approximately $168,876,112.09. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 283,106 shares of company stock worth $5,739,195 in the last three months. 6.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on U. Oppenheimer reaffirmed a “market perform” rating on shares of Unity Software in a research report on Friday. The Goldman Sachs Group dropped their price target on Unity Software from $26.00 to $22.50 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Benchmark dropped their price target on Unity Software from $16.00 to $10.00 and set a “sell” rating on the stock in a research report on Friday, August 9th. Piper Sandler reissued a “neutral” rating and set a $17.00 price target (down previously from $25.00) on shares of Unity Software in a research report on Friday, August 9th. Finally, JMP Securities reissued a “market perform” rating on shares of Unity Software in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $23.63.

Unity Software Company 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.