317 institutions hold shares in Unity Software Inc. (U), with 73.48M shares held by insiders accounting for 26.44% while institutional investors hold 99.68% of the company’s shares. The shares outstanding are 281.25M, and float is at 226.99M with Short Float at 3.58%. Institutions hold 73.33% of the Float.
The top institutional shareholder in the company is Silver Lake Group, LLC with over 43.3 million shares valued at $6.65 billion. The investor’s holdings represent 15.58% of the U Shares outstanding. As of Dec 30, 2020, the second largest holder is SC US (TTGP) Ltd with 32.96 million shares valued at $5.06 billion to account for 11.86% of the shares outstanding. The other top investors are Resolute Advisors, LLC which holds 31.74 million shares representing 11.42% and valued at over $4.87 billion, while SC XII Management LLC holds 8.82% of the shares totaling 24.5 million with a market value of $3.76 billion.
Unity Software Inc. (NYSE: U) is -34.14% lower on its value in year-to-date trading and has touched a low of $65.11 and a high of $174.94 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The U stock was last observed hovering at around $100.31 in the last trading session, with the day’s gains setting it 0.77% off its average median price target of $140.00 for the next 12 months. It is also 42.24% off the consensus price target high of $175.00 offered by 12 analysts, but current levels are -34.77% lower than the price target low of $75.00 for the same period.
Currently trading at $101.08, the stock is 1.57% and -14.54% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.35 million and changing 0.77% at the moment leaves the stock -15.62% off its SMA200. U registered a gain of 15.81% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $104.44 and a 200-day simple moving average (SMA200) of $119.65.
The stock witnessed a -1.67% loss in the last 1 month and extending the period to 3 months gives it a -34.71%, and is 11.22% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.22% over the week and 5.83% over the month.
Unity Software Inc. (U) has around 4001 employees, a market worth around $27.88B and $772.40M in sales. Profit margin for the company is -36.50%. Distance from 52-week low is 55.24% and -42.22% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.60%).
Unity Software Inc. (U) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Unity Software Inc. (U) is a “Overweight”. 12 analysts offering their recommendations for the stock have an average rating of 2.40, where 3 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Unity Software Inc. is expected to release its quarterly report on 08/12/2021 and quarterly earnings per share for the current quarter are estimated at -$0.12 with sales reaching $216.6M over the same period.The EPS is expected to grow by 10.00% this year, but quarterly earnings will post 25.70% year-over-year.
Unity Software Inc. (U) Insider Activity
A total of 188 insider transactions have happened at Unity Software Inc. (U) in the last six months, with sales accounting for 139 and purchases happening 49 times. The most recent transaction is an insider sale by Jabal Kim, the company’s SVP and CFO. SEC filings show that Jabal Kim sold 10,050 shares of the company’s common stock on Mar 15 at a price of $108.37 per share for a total of $1.09 million. Following the sale, the insider now owns 39250.0 shares.
Unity Software Inc. disclosed in a document filed with the SEC on Mar 09 that Hauwert Ralph (SVP, Research & Development) sold a total of 6,917 shares of the company’s common stock. The trade occurred on Mar 09 and was made at $98.51 per share for $0.68 million. Following the transaction, the insider now directly holds 0.13 million shares of the U stock.
Still, SEC filings show that on Mar 09, Keene Ruth Ann (SVP, CLO & GC & Corp Sec’y) disposed off 7,000 shares at an average price of $98.52 for $0.69 million. The insider now directly holds 70,121 shares of Unity Software Inc. (U).