Unity Software Inc. (NYSE:U) Shares Acquired by Xponance Inc.

Xponance Inc. grew its stake in Unity Software Inc. (NYSE:U) by 12.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 26,246 shares of the company’s stock after acquiring an additional 2,812 shares during the period. Xponance Inc.’s holdings in Unity Software were worth $590,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. R Squared Ltd purchased a new stake in Unity Software in the fourth quarter valued at approximately $30,000. Principal Securities Inc. grew its stake in shares of Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after buying an additional 477 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Unity Software by 33.6% in the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock valued at $37,000 after buying an additional 411 shares during the period. Whipplewood Advisors LLC acquired a new position in Unity Software during the 4th quarter worth about $40,000. Finally, Brooklyn Investment Group purchased a new position in Unity Software during the 3rd quarter valued at about $43,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Unity Software news, CAO Mark Barrysmith sold 1,445 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $20.61, for a total transaction of $29,781.45. Following the completion of the sale, the chief accounting officer now directly owns 483,417 shares of the company’s stock, valued at $9,963,224.37. This represents a 0.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tomer Bar-Zeev sold 166,667 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $20.99, for a total value of $3,498,340.33. Following the sale, the director now owns 3,481,479 shares of the company’s stock, valued at $73,076,244.21. This trade represents a 4.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 865,236 shares of company stock valued at $20,849,425 over the last quarter. Company insiders own 6.30% of the company’s stock.

Unity Software Trading Up 0.6 %

Shares of Unity Software stock opened at $22.87 on Wednesday. The company has a fifty day simple moving average of $22.60 and a 200-day simple moving average of $22.22. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $30.88. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock has a market cap of $9.37 billion, a price-to-earnings ratio of -13.61 and a beta of 2.27.

Unity Software (NYSE:U) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.05. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The company had revenue of $457.10 million for the quarter, compared to analyst estimates of $433.47 million. On average, equities analysts forecast that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on U shares. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a research note on Monday, February 3rd. Wedbush reiterated an “outperform” rating and set a $27.00 target price on shares of Unity Software in a report on Thursday, February 13th. Hsbc Global Res raised shares of Unity Software to a “strong-buy” rating in a research report on Friday, February 21st. Citizens Jmp raised Unity Software from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. Finally, Citigroup upgraded Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a report on Tuesday, March 11th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Unity Software has an average rating of “Moderate Buy” and an average price target of $25.61.

About Unity Software

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.