Unity Software Inc. (NYSE:U) Shares Sold by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. lessened its holdings in Unity Software Inc. (NYSE:U) by 30.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,308 shares of the company’s stock after selling 1,010 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Unity Software were worth $94,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of U. Charles Schwab Investment Management Inc. lifted its position in shares of Unity Software by 7.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 814,976 shares of the company’s stock valued at $25,582,000 after buying an additional 58,075 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Unity Software by 50.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,585 shares of the company’s stock valued at $175,000 after buying an additional 1,868 shares in the last quarter. Korea Investment CORP lifted its position in shares of Unity Software by 82.7% during the 3rd quarter. Korea Investment CORP now owns 47,247 shares of the company’s stock valued at $1,483,000 after buying an additional 21,387 shares in the last quarter. QRG Capital Management Inc. purchased a new position in shares of Unity Software during the 3rd quarter valued at approximately $1,448,000. Finally, Nordea Investment Management AB lifted its position in shares of Unity Software by 19.0% during the 3rd quarter. Nordea Investment Management AB now owns 16,384 shares of the company’s stock valued at $519,000 after buying an additional 2,615 shares in the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Insiders Place Their Bets

In other Unity Software news, SVP Anirma Gupta sold 1,037 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $24.42, for a total transaction of $25,323.54. Following the sale, the senior vice president now directly owns 386,706 shares in the company, valued at $9,443,360.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Anirma Gupta sold 1,037 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $24.42, for a total transaction of $25,323.54. Following the completion of the transaction, the senior vice president now directly owns 386,706 shares of the company’s stock, valued at $9,443,360.52. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Marc Whitten sold 31,466 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $19.10, for a total value of $601,000.60. Following the transaction, the insider now directly owns 958,241 shares of the company’s stock, valued at $18,302,403.10. The disclosure for this sale can be found here. Insiders have sold 246,297 shares of company stock worth $4,872,320 over the last three months. Company insiders own 6.30% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on U shares. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a research report on Friday, May 10th. Stifel Nicolaus decreased their price objective on Unity Software from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, June 10th. Wedbush restated an “outperform” rating and issued a $33.50 price objective on shares of Unity Software in a report on Friday, May 10th. Benchmark restated a “sell” rating and issued a $16.00 price objective on shares of Unity Software in a report on Friday, May 10th. Finally, Piper Sandler upgraded Unity Software from an “underweight” rating to a “neutral” rating and decreased their price objective for the company from $35.00 to $30.00 in a report on Tuesday, February 27th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Unity Software presently has an average rating of “Hold” and a consensus target price of $34.79.

Unity Software Trading Down 0.2 %

Shares of NYSE:U traded down $0.03 during midday trading on Tuesday, reaching $16.43. 1,180,340 shares of the company’s stock were exchanged, compared to its average volume of 9,679,830. The firm’s 50 day simple moving average is $21.64 and its two-hundred day simple moving average is $28.64. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a fifty-two week low of $15.97 and a fifty-two week high of $50.08.

Unity Software (NYSE:U) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.13. The company had revenue of $460.38 million for the quarter, compared to analyst estimates of $422.53 million. Unity Software had a negative net margin of 40.11% and a negative return on equity of 7.73%. On average, research analysts anticipate that Unity Software Inc. will post -1.81 earnings per share for the current year.

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.