KBC Group NV Sells 3,823 Shares of Unity Software Inc. $U

KBC Group NV cut its stake in Unity Software Inc. (NYSE:U) by 31.0% in the second quarter, HoldingsChannel.com reports. The fund owned 8,492 shares of the company’s stock after selling 3,823 shares during the period. KBC Group NV’s holdings in Unity Software were worth $206,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP raised its position in shares of Unity Software by 28.4% during the second quarter. Allworth Financial LP now owns 1,865 shares of the company’s stock worth $45,000 after purchasing an additional 412 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Unity Software by 4.4% in the second quarter. Farther Finance Advisors LLC now owns 10,766 shares of the company’s stock worth $261,000 after purchasing an additional 454 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its stake in shares of Unity Software by 11.1% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 5,116 shares of the company’s stock worth $124,000 after buying an additional 510 shares during the last quarter. Wealthfront Advisers LLC boosted its position in Unity Software by 2.9% during the second quarter. Wealthfront Advisers LLC now owns 22,281 shares of the company’s stock valued at $539,000 after purchasing an additional 631 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of Unity Software by 26.3% in the first quarter. Signaturefd LLC now owns 3,658 shares of the company’s stock valued at $72,000 after buying an additional 762 shares in the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on U. Arete cut Unity Software from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a report on Thursday, October 16th. Wells Fargo & Company upped their price target on shares of Unity Software from $37.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Morgan Stanley raised their price objective on Unity Software from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. The Goldman Sachs Group initiated coverage on shares of Unity Software in a research report on Wednesday, October 15th. They issued a “neutral” rating and a $38.00 target price for the company. Finally, Macquarie raised Unity Software from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $33.00 to $50.00 in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Unity Software currently has an average rating of “Hold” and a consensus target price of $38.52.

Insider Activity at Unity Software

In related news, CAO Mark Barrysmith sold 802 shares of the firm’s stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $36.22, for a total transaction of $29,048.44. Following the completion of the sale, the chief accounting officer owned 452,986 shares of the company’s stock, valued at $16,407,152.92. This trade represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Shlomo Dovrat sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $42.87, for a total transaction of $1,286,100.00. Following the sale, the director directly owned 159,089 shares of the company’s stock, valued at approximately $6,820,145.43. This trade represents a 15.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 2,440,899 shares of company stock worth $103,666,058 over the last quarter. 3.61% of the stock is owned by company insiders.

Unity Software Stock Up 0.9%

Shares of NYSE:U opened at $37.01 on Wednesday. The business has a fifty day simple moving average of $39.59 and a 200 day simple moving average of $33.15. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 0.70. The firm has a market cap of $15.84 billion, a P/E ratio of -35.24 and a beta of 2.37. Unity Software Inc. has a 12-month low of $15.33 and a 12-month high of $46.94.

Unity Software (NYSE:U) last released its earnings results on Wednesday, November 5th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. Unity Software had a negative net margin of 24.15% and a negative return on equity of 9.45%. The business had revenue of $470.62 million during the quarter, compared to the consensus estimate of $452.87 million. During the same quarter in the prior year, the firm posted ($0.31) EPS. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. Unity Software has set its Q4 2025 guidance at EPS. Analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current year.

Unity Software Company 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.