Stifel Financial Corp Sells 27,091 Shares of Unity Software Inc. (NYSE:U)

Stifel Financial Corp trimmed its position in Unity Software Inc. (NYSE:U) by 11.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,285 shares of the company’s stock after selling 27,091 shares during the quarter. Stifel Financial Corp owned 0.05% of Unity Software worth $4,644,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in shares of Unity Software by 4.0% in the third quarter. Farther Finance Advisors LLC now owns 13,947 shares of the company’s stock valued at $315,000 after buying an additional 538 shares in the last quarter. Venturi Wealth Management LLC increased its stake in Unity Software by 28.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company’s stock worth $89,000 after acquiring an additional 876 shares during the period. GAMMA Investing LLC raised its holdings in Unity Software by 343.8% in 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 in the last quarter. Intech Investment Management LLC lifted its position in shares of Unity Software by 8.2% during the 2nd quarter. Intech Investment Management LLC now owns 13,270 shares of the company’s stock valued at $216,000 after acquiring an additional 1,010 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Unity Software by 163.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock worth $36,000 after purchasing an additional 1,389 shares in the last quarter. Institutional investors own 73.46% of the company’s stock.

Unity Software Price Performance

Shares of NYSE U opened at $24.44 on Monday. The company has a market capitalization of $9.85 billion, a PE ratio of -11.98 and a beta of 2.33. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $43.54. The firm has a fifty day simple moving average of $22.15 and a 200 day simple moving average of $19.04.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on U. Barclays upped their price target on shares of Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Stifel Nicolaus upped their target price on Unity Software from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Macquarie lifted their price target on Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a research note on Friday, November 8th. Oppenheimer restated a “market perform” rating on shares of Unity Software in a research report on Friday, October 18th. Finally, Wedbush lifted their target price on Unity Software from $21.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $23.35.

Insiders Place Their Bets

In related news, SVP Felix The sold 11,719 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $24.39, for a total transaction of $285,826.41. Following the transaction, the senior vice president now directly owns 411,960 shares of the company’s stock, valued at approximately $10,047,704.40. This represents a 2.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tomer Bar-Zeev sold 250,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $17.52, for a total value of $4,380,000.00. Following the completion of the sale, the director now directly owns 4,248,146 shares of the company’s stock, valued at $74,427,517.92. This trade represents a 5.56 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 512,241 shares of company stock worth $11,212,320. 6.30% of the stock is owned by corporate insiders.

Unity Software Profile

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.