Freestone Capital Holdings LLC Cuts Position in Unity Software Inc. (NYSE:U)

Freestone Capital Holdings LLC decreased its position in Unity Software Inc. (NYSE:U) by 12.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,176 shares of the company’s stock after selling 2,100 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Unity Software were worth $341,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in Unity Software during the fourth quarter worth approximately $30,000. Principal Securities Inc. raised its holdings in Unity Software by 50.5% during the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after purchasing an additional 477 shares in the last quarter. Planning Capital Management Corp purchased a new stake in shares of Unity Software during the 3rd quarter worth approximately $34,000. GAMMA Investing LLC lifted its position in shares of Unity Software by 33.6% during the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock worth $37,000 after buying an additional 411 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in shares of Unity Software in the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Insider Activity

In other Unity Software news, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $25.02, for a total value of $6,255,000.00. Following the completion of the transaction, the director now directly owns 3,648,146 shares of the company’s stock, valued at approximately $91,276,612.92. This trade represents a 6.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David Helgason sold 7,860 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $26.45, for a total value of $207,897.00. Following the sale, the director now directly owns 10,493 shares in the company, valued at $277,539.85. This trade represents a 42.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 872,397 shares of company stock valued at $21,047,619 in the last three months. 6.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on U shares. Benchmark upgraded shares of Unity Software from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. Wedbush reiterated an “outperform” rating and set a $27.00 target price on shares of Unity Software in a research report on Thursday, February 13th. Wells Fargo & Company upped their target price on Unity Software from $20.00 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, February 21st. Morgan Stanley lifted their price target on Unity Software from $26.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, HSBC raised Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $25.04.

Unity Software Stock Up 4.9 %

Shares of Unity Software stock opened at $24.30 on Friday. The company has a market cap of $9.96 billion, a P/E ratio of -14.47 and a beta of 2.27. The firm has a fifty day moving average of $22.92 and a two-hundred day moving average of $21.71. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. Unity Software Inc. has a one year low of $13.90 and a one year high of $30.88.

Unity Software (NYSE:U) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.05. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The firm had revenue of $457.10 million during the quarter, compared to the consensus estimate of $433.47 million. On average, analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current year.

About Unity Software

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.