Friday, October 18, 2024
HomeFinnacial"Thrivent invests in Unity Software Inc. (NYSE: U)"

“Thrivent invests in Unity Software Inc. (NYSE: U)”

Recent changes in Unity Software’s stock holdings include Tradewinds Capital Management increasing theirs by 245.6% to own 985 shares. Benjamin F. Edwards raised theirs by 2,429.3% to 1,037 shares, while Advisors Asset Management grew their holdings by 31.6% to 2,338 shares. EntryPoint Capital bought a new position worth about $65,000. Blue Trust Inc. increased theirs by 308.8%, owning now 3,123 shares. Overall, institutional investors own 73.46% of the stock.

Analyst Ratings

Analysts have differing views on Unity Software. Macquarie raised the price target from $12 to $15 but rated it as “underperform.” Stifel Nicolaus set a new target of $25 with a “buy” rating. Wedbush increased theirs to $27 with an “outperform” rating. Meanwhile, Needham lowered the target to $23 with a “buy” rating, and Benchmark cut it from $16 to $10 with a “sell” rating. The average rating is Hold with a target price of $24.21, as per MarketBeat.


Check Out Our Latest Stock Report on Unity Software

Stock Performance

Unity Software’s stock opened at $21.18. It has a market cap of $8.41 billion and a 52-week range of $13.90 to $43.54. In its latest earnings report, the company posted an EPS of ($0.32) against expectations of ($0.44), with quarterly revenue of $449.30 million. Analysts expect a full-year EPS of -1.86.

Insider Transactions

SVP Anirma Gupta sold 1,506 shares at $16.73, totaling $25,195.38, retaining 409,540 shares valued at about $6.85 million. SVP Felix The also sold 30,000 shares at $17.89 for $536,700. In the last three months, insiders sold 283,906 shares worth $5.75 million, with corporate insiders holding 6.30% of the company’s stock.

Company Overview

Unity Software Inc. offers a platform for real-time 3D content development across various devices. They sell directly and through distributors worldwide.

Related Stories

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Institutional Ownership by Quarter for Unity Software (NYSE:U)

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