Unity Software Inc. (NYSE:U) Shares Sold by Oppenheimer Asset Management Inc.

Posted by on Feb 25th, 2023

Oppenheimer Asset Management Inc. trimmed its position in Unity Software Inc. (NYSE:U – Get Rating) by 9.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,217 shares of the company’s stock after selling 849 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Unity Software were worth $262,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of U. Ronald Blue Trust Inc. raised its stake in Unity Software by 85.2% during the 3rd quarter. Ronald Blue Trust Inc. now owns 985 shares of the company’s stock worth $36,000 after acquiring an additional 453 shares in the last quarter. Motco acquired a new stake in Unity Software during the 3rd quarter worth $42,000. SeaCrest Wealth Management LLC acquired a new stake in Unity Software during the 2nd quarter worth $49,000. Seaport Global Advisors LLC purchased a new position in Unity Software during the 2nd quarter worth $81,000. Finally, Geneos Wealth Management Inc. grew its position in Unity Software by 74.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 977 shares of the company’s stock worth $96,000 after purchasing an additional 417 shares during the last quarter. 82.50% of the stock is currently owned by institutional investors and hedge funds.

Unity Software Stock Performance

U stock opened at $29.61 on Friday. Unity Software Inc. has a 52 week low of $21.22 and a 52 week high of $109.99. The company’s 50-day moving average price is $32.90 and its 200 day moving average price is $35.07. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.41 and a quick ratio of 3.41.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Wedbush lowered their price objective on shares of Unity Software from $70.00 to $45.00 in a research report on Thursday, November 10th. Piper Sandler raised their price objective on shares of Unity Software from $33.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday. Morgan Stanley assumed coverage on shares of Unity Software in a research report on Monday, November 28th. They set an “equal weight” rating and a $27.50 price objective on the stock. Credit Suisse Group lowered their price objective on shares of Unity Software from $71.00 to $67.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, DA Davidson raised their price objective on shares of Unity Software from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $40.56.

Insider Buying and Selling

In other Unity Software news, CFO Luis Felipe Visoso sold 16,483 shares of Unity Software stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $35.69, for a total transaction of $588,278.27. Following the completion of the transaction, the chief financial officer now owns 737,715 shares in the company, valued at $26,329,048.35. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Unity Software news, CMO Carol W. Carpenter sold 3,408 shares of Unity Software stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $35.70, for a total transaction of $121,665.60. Following the completion of the transaction, the chief marketing officer now owns 434,570 shares in the company, valued at $15,514,149. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Luis Felipe Visoso sold 16,483 shares of Unity Software stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $35.69, for a total transaction of $588,278.27. Following the transaction, the chief financial officer now owns 737,715 shares of the company’s stock, valued at approximately $26,329,048.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,009 shares of company stock valued at $1,599,997. Corporate insiders own 6.90% of the company’s stock.

About Unity Software

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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.

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Institutional Ownership by Quarter for Unity Software (NYSE:U)

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