The Vanguard Group, Inc. recently announced the acquisition of new stake in Unity Software Inc (NYSE:U). The institutional investor has increased its shareholding in the Technology company by 8.47% to 25.24 million shares with purchase of 1.97 million shares. This fresh investment now brings its stake to 6.64% valued currently at $744.97 million. In addition, BlackRock Fund Advisors raised its holdings by 0.48 million to 10.87 million shares. And SSgA Funds Management, Inc. has lifted its position by 2.13% or 0.12 million shares – to 5.63 million shares.
Currently, there are 374.24M common shares owned by the public and among those 228.98M shares have been available to trade.
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Insiders at the company have transacted a total of 99 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 24 of these insider trades were purchases, accounting for 1,576,328 shares. Insider sales of the common stock occurred on 75 occasions, with total insider shares sold totaling 5,796,883 shares.
The top 3 mutual fund holders in Unity Software Inc are Vanguard Total Stock Market ETF, ARK Innovation ETF, and Vanguard Mid Cap Index Fund. Vanguard Total Stock Market ETF owns 8.4 million shares of the company’s stock, all valued at over $247.77 million. The company bought an additional 13800.0 shares recently to bring their total holdings to about 2.21% of the shares outstanding. ARK Innovation ETF sold 63674.0 shares to see its total holdings shrink to 8.37 million shares valued at over $246.97 million and representing 2.20% of the shares outstanding. Vanguard Mid Cap Index Fund bought 21279.0 shares to bring its total holdings to over 6.1 million shares at a value of $180.06 million. Vanguard Mid Cap Index Fund now owns shares totaling to 1.61% of the shares outstanding.
However, the script later moved the day high at 39.79, down -0.13%. The company’s stock has a 5-day price change of 21.33% and 15.75% over the past three months. U shares are trading 37.50% year to date (YTD), with the 12-month market performance up to 33.30% higher. It has a 12-month low price of $22.20 and touched a high of $50.08 over the same period. U has an average intraday trading volume of 11.84 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 24.20%, 34.88%, and 19.24% respectively.
Institutional ownership of Unity Software Inc (NYSE: U) shares accounts for 40.92% of the company’s 374.24M shares outstanding. Mutual fund holders own 20.72%, while other institutional holders and individual stakeholders account for 34.78% and 20.40% respectively.
It has a market capitalization of $14.94B and a beta (3y monthly) value of 2.49. The earnings-per-share (ttm) stands at -$2.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.93% over the week and 4.89% over the month.
Analysts forecast that Unity Software Inc (U) will achieve an EPS of $Bitcoin USD for the current quarter, $43,093.84 for the next quarter and $CRYPTOCURRENCY for Type. The lowest estimate earnings-per-share for the quarter is $AT&T Inc. while analysts give the company a high EPS estimate of $Upstart Holdings, Inc.. Comparatively, EPS for the current quarter was $Ford Motor Company a year ago. Earnings per share for the fiscal year are expected to increase by 263.43%, and 58.77% over the next financial year.
