Entropy Technologies LP Sells 4,495 Shares of Unity Software Inc. (NYSE:U)

Entropy Technologies LP reduced its stake in shares of Unity Software Inc. (NYSE:U) by 3.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 137,737 shares of the company’s stock after selling 4,495 shares during the quarter. Entropy Technologies LP’s holdings in Unity Software were worth $3,116,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of U. GAMMA Investing LLC boosted its holdings in Unity Software by 343.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock valued at $28,000 after acquiring an additional 949 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Unity Software by 163.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after purchasing an additional 1,389 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Unity Software by 31.6% in the first quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock worth $62,000 after purchasing an additional 562 shares during the last quarter. EntryPoint Capital LLC bought a new stake in Unity Software during the 1st quarter valued at $65,000. Finally, Blue Trust Inc. boosted its position in Unity Software by 308.8% during the 2nd quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock valued at $51,000 after buying an additional 2,359 shares during the period. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Insider Transactions at Unity Software

In other news, SVP Felix The sold 30,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $17.89, for a total transaction of $536,700.00. Following the sale, the senior vice president now owns 423,679 shares of the company’s stock, valued at $7,579,617.31. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Unity Software news, SVP Felix The sold 30,000 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $17.89, for a total value of $536,700.00. Following the transaction, the senior vice president now owns 423,679 shares of the company’s stock, valued at approximately $7,579,617.31. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Helgason sold 250,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the sale, the director now directly owns 8,201,851 shares of the company’s stock, valued at $168,876,112.09. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 281,600 shares of company stock worth $5,714,000. Corporate insiders own 6.30% of the company’s stock.

Unity Software Stock Performance

Shares of U stock opened at $20.19 on Tuesday. The company has a market capitalization of $8.01 billion, a price-to-earnings ratio of -9.90 and a beta of 2.29. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.36 and a current ratio of 2.36. Unity Software Inc. has a one year low of $13.90 and a one year high of $43.54. The company’s 50-day moving average is $20.49 and its 200 day moving average is $18.89.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. The Goldman Sachs Group lowered their price objective on shares of Unity Software from $26.00 to $22.50 and set a “neutral” rating for the company in a research note on Friday, August 9th. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a research report on Friday, September 13th. Benchmark upped their target price on Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a report on Friday. Piper Sandler reaffirmed a “neutral” rating and set a $17.00 target price (down previously from $25.00) on shares of Unity Software in a research note on Friday, August 9th. Finally, Barclays raised their price objective on shares of Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $23.35.

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.