Corient Private Wealth LLC Invests $355,000 in Unity Software Inc. $U

Corient Private Wealth LLC bought a new stake in shares of Unity Software Inc. (NYSE:U) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,642 shares of the company’s stock, valued at approximately $355,000.

Several other large investors have also added to or reduced their stakes in U. CX Institutional acquired a new position in Unity Software in the second quarter valued at approximately $25,000. Banque Transatlantique SA acquired a new stake in shares of Unity Software during the 1st quarter worth approximately $28,000. Atlantic Union Bankshares Corp bought a new stake in shares of Unity Software in the 2nd quarter valued at $28,000. Allworth Financial LP lifted its position in shares of Unity Software by 28.4% during the 2nd quarter. Allworth Financial LP now owns 1,865 shares of the company’s stock valued at $45,000 after acquiring an additional 412 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Unity Software by 171.2% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,301 shares of the company’s stock valued at $84,000 after acquiring an additional 2,715 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

Insider Buying and Selling at Unity Software

In related news, CAO Mark Barrysmith sold 14,407 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $50.01, for a total value of $720,494.07. Following the completion of the sale, the chief accounting officer directly owned 394,479 shares of the company’s stock, valued at approximately $19,727,894.79. This represents a 3.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Tomer Bar-Zeev sold 50,000 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $47.00, for a total value of $2,350,000.00. Following the transaction, the director owned 873,146 shares in the company, valued at approximately $41,037,862. This trade represents a 5.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,651,471 shares of company stock valued at $75,307,029 in the last three months. Insiders own 3.61% of the company’s stock.

Unity Software Price Performance

Shares of NYSE U opened at $45.11 on Wednesday. The stock has a market cap of $19.30 billion, a price-to-earnings ratio of -42.96 and a beta of 2.04. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.78 and a current ratio of 2.78. Unity Software Inc. has a fifty-two week low of $15.33 and a fifty-two week high of $52.15. The firm’s 50-day simple moving average is $41.99 and its 200 day simple moving average is $37.70.

Unity Software (NYSE:U) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. Unity Software had a negative return on equity of 9.45% and a negative net margin of 24.15%.The firm had revenue of $470.62 million during the quarter, compared to analyst estimates of $452.87 million. During the same period in the previous year, the company posted ($0.31) EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, research analysts anticipate that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

U has been the subject of several research analyst reports. Wells Fargo & Company raised shares of Unity Software from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $42.00 to $51.00 in a research note on Friday, December 5th. Arete Research upgraded Unity Software from a “neutral” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Monday, December 1st. Deutsche Bank Aktiengesellschaft initiated coverage on Unity Software in a research report on Wednesday, October 22nd. They issued a “hold” rating and a $39.00 target price for the company. The Goldman Sachs Group assumed coverage on Unity Software in a report on Wednesday, October 15th. They issued a “neutral” rating and a $38.00 price target on the stock. Finally, Citigroup boosted their price objective on Unity Software from $50.00 to $52.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.04.

Unity Software 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.