State of Wyoming Sells 18,736 Shares of Unity Software Inc. $U

State of Wyoming cut its holdings in Unity Software Inc. (NYSE:U) by 45.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,587 shares of the company’s stock after selling 18,736 shares during the quarter. State of Wyoming’s holdings in Unity Software were worth $998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the stock. Cibc World Market Inc. boosted its stake in shares of Unity Software by 7.7% during the 4th quarter. Cibc World Market Inc. now owns 6,974 shares of the company’s stock valued at $308,000 after purchasing an additional 496 shares in the last quarter. TD Asset Management Inc boosted its holdings in Unity Software by 40.2% in the fourth quarter. TD Asset Management Inc now owns 337,696 shares of the company’s stock worth $14,916,000 after acquiring an additional 96,800 shares in the last quarter. REAP Financial Group LLC purchased a new stake in shares of Unity Software during the fourth quarter valued at approximately $28,000. CIBC Asset Management Inc boosted its position in shares of Unity Software by 24.8% during the fourth quarter. CIBC Asset Management Inc now owns 14,797 shares of the company’s stock valued at $654,000 after buying an additional 2,942 shares during the last quarter. Finally, AXQ Capital LP purchased a new stake in shares of Unity Software during the 4th quarter valued at about $352,000. Institutional investors own 73.46% of the company’s stock.

Unity Software Trading Down 4.7%

Shares of U opened at $29.31 on Thursday. The firm has a market cap of $12.80 billion, a P/E ratio of -18.67, a price-to-earnings-growth ratio of 3.94 and a beta of 2.06. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.95 and a quick ratio of 1.95. Unity Software Inc. has a 1 year low of $16.78 and a 1 year high of $52.15. The company has a 50 day simple moving average of $25.13 and a two-hundred day simple moving average of $31.17.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on U shares. Wells Fargo & Company raised their target price on shares of Unity Software from $29.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. BTIG Research boosted their price target on Unity Software from $39.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Morgan Stanley upped their target price on shares of Unity Software from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, March 27th. Citigroup cut their price target on Unity Software from $43.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Finally, Wedbush upped their price target on shares of Unity Software from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Unity Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.71.

Insider Activity

In related news, CFO Jarrod Yahes sold 24,021 shares of the firm’s 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 completion of the transaction, the chief financial officer directly owned 704,360 shares of the company’s stock, valued at approximately $19,144,504.80. This trade represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Mark Barrysmith sold 13,247 shares of Unity Software stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total transaction of $360,053.46. Following the completion of the sale, the chief accounting officer owned 370,654 shares in the company, valued at approximately $10,074,375.72. This represents a 3.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 198,321 shares of company stock valued at $5,390,783 in the last quarter. Company 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.