Rockefeller Capital Management L.P. Cuts Stock Holdings in Unity Software Inc. $U

Rockefeller Capital Management L.P. cut its holdings in Unity Software Inc. (NYSE:U) by 71.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,308 shares of the company’s stock after selling 18,292 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Unity Software were worth $323,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of U. REAP Financial Group LLC bought a new stake in Unity Software in the 4th quarter worth about $28,000. Larson Financial Group LLC lifted its position in Unity Software by 88.1% during the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock valued at $29,000 after purchasing an additional 341 shares during the period. V Square Quantitative Management LLC bought a new position in Unity Software during the fourth quarter valued at approximately $30,000. IFP Advisors Inc purchased a new stake in Unity Software in the third quarter worth approximately $33,000. Finally, International Assets Investment Management LLC bought a new stake in Unity Software in the 4th quarter worth approximately $36,000. Institutional investors own 73.46% of the company’s stock.

Insider Buying and Selling

In related news, CAO Mark Barrysmith sold 13,247 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total value of $360,053.46. Following the transaction, the chief accounting officer directly owned 370,654 shares of the company’s stock, valued at approximately $10,074,375.72. This trade represents a 3.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Matthew S. Bromberg sold 138,993 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total value of $3,777,829.74. Following the sale, the chief executive officer directly owned 1,557,514 shares of the company’s stock, valued at $42,333,230.52. This represents a 8.19% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 198,321 shares of company stock worth $5,390,783 in the last quarter. Company insiders own 0.77% of the company’s stock.

Unity Software Trading Up 2.2%

Shares of Unity Software stock opened at $30.29 on Tuesday. The company’s fifty day simple moving average is $27.73 and its 200-day simple moving average is $28.73. The stock has a market capitalization of $13.22 billion, a PE ratio of -19.26, a P/E/G ratio of 3.55 and a beta of 2.05. Unity Software Inc. has a 1-year low of $16.78 and a 1-year high of $52.15. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.95 and a quick ratio of 1.95.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on U. UBS Group boosted their target price on shares of Unity Software from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Wells Fargo & Company lifted their price objective on Unity Software from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday. Piper Sandler assumed coverage on Unity Software in a research report on Tuesday, June 2nd. They set an “overweight” rating and a $40.00 price objective for the company. Bank of America increased their target price on Unity Software from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, March 27th. Finally, Morgan Stanley raised their target price on Unity Software from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $37.77.

Unity Software Company 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.