Legal & General Group Plc Sells 54,985 Shares of Unity Software Inc. $U

Legal & General Group Plc lowered its holdings in Unity Software Inc. (NYSE:U) by 13.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 354,249 shares of the company’s stock after selling 54,985 shares during the quarter. Legal & General Group Plc’s holdings in Unity Software were worth $15,647,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC grew its position in shares of Unity Software by 88.1% in the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after buying an additional 341 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Unity Software in the 4th quarter worth approximately $30,000. IFP Advisors Inc purchased a new position in shares of Unity Software in the 3rd quarter worth approximately $33,000. International Assets Investment Management LLC purchased a new position in shares of Unity Software in the 4th quarter worth approximately $36,000. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Unity Software in the 3rd quarter worth approximately $38,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Unity Software Stock Performance

U opened at $32.15 on Tuesday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.56. The company has a market cap of $14.04 billion, a price-to-earnings ratio of -20.48, a PEG ratio of 3.90 and a beta of 2.04. Unity Software Inc. has a 52-week low of $16.78 and a 52-week high of $52.15. The firm’s fifty day simple moving average is $24.67 and its two-hundred day simple moving average is $31.29.

Analyst Ratings Changes

Several research firms have weighed in on U. The Goldman Sachs Group dropped their target price on shares of Unity Software from $47.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, February 12th. Oppenheimer raised shares of Unity Software from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a report on Tuesday, February 10th. Bank of America upped their price objective on shares of Unity Software from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, March 27th. Wells Fargo & Company upped their price objective on shares of Unity Software from $29.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $37.00 price objective on shares of Unity Software in a report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $38.77.

Insider Buying and Selling at Unity Software

In other Unity Software news, CFO Jarrod Yahes sold 24,021 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total transaction of $652,890.78. Following the transaction, the chief financial officer directly owned 704,360 shares of the company’s stock, valued at $19,144,504.80. This trade represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total transaction of $3,777,829.74. Following the transaction, the chief executive officer directly owned 1,557,514 shares in the company, valued at approximately $42,333,230.52. The trade was a 8.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 204,526 shares of company stock valued at $5,521,274. Insiders own 0.77% of the company’s stock.

About Unity Software

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.