Unity Software Inc. (NYSE:U) Shares Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd increased its position in shares of Unity Software Inc. (NYSE:U) by 6.7% during the first quarter, Holdings Channel reports. The institutional investor owned 42,953 shares of the company’s stock after buying an additional 2,707 shares during the quarter. IFM Investors Pty Ltd’s holdings in Unity Software were worth $1,147,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of U. First Trust Direct Indexing L.P. purchased a new position in shares of Unity Software in the 1st quarter valued at $207,000. Tradewinds Capital Management LLC grew its holdings in shares of Unity Software by 245.6% during the first quarter. Tradewinds Capital Management LLC now owns 985 shares of the company’s stock worth $26,000 after purchasing an additional 700 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Unity Software by 30.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,509 shares of the company’s stock worth $317,984,000 after purchasing an additional 2,777,884 shares in the last quarter. Deepwater Asset Management LLC lifted its holdings in shares of Unity Software by 515.5% in the 1st quarter. Deepwater Asset Management LLC now owns 57,564 shares of the company’s stock valued at $1,537,000 after purchasing an additional 48,211 shares during the last quarter. Finally, SteelPeak Wealth LLC boosted its position in shares of Unity Software by 71.3% in the 1st quarter. SteelPeak Wealth LLC now owns 45,268 shares of the company’s stock valued at $1,209,000 after purchasing an additional 18,838 shares during the period. 73.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Unity Software

In other news, CEO James M. Whitehurst sold 44,091 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $32.56, for a total value of $1,435,602.96. Following the completion of the transaction, the chief executive officer now directly owns 155,909 shares of the company’s stock, valued at $5,076,397.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $26.59, for a total value of $6,647,500.00. Following the completion of the sale, the director now owns 4,498,146 shares of the company’s stock, valued at $119,605,702.14. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO James M. Whitehurst sold 44,091 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $32.56, for a total value of $1,435,602.96. Following the completion of the sale, the chief executive officer now directly owns 155,909 shares in the company, valued at $5,076,397.04. The disclosure for this sale can be found here. Insiders sold a total of 341,723 shares of company stock valued at $9,577,516 in the last ninety days. Corporate insiders own 9.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on U shares. Stifel Nicolaus lifted their price target on Unity Software from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Piper Sandler raised shares of Unity Software from an “underweight” rating to a “neutral” rating and cut their target price for the company from $35.00 to $30.00 in a report on Tuesday, February 27th. Needham & Company LLC decreased their price target on shares of Unity Software from $40.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, February 27th. The Goldman Sachs Group lifted their target price on Unity Software from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Tuesday, January 9th. Finally, Citigroup dropped their price objective on shares of Unity Software from $50.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $37.03.

Unity Software Price Performance

Shares of U stock traded up $0.81 during mid-day trading on Friday, reaching $24.13. The stock had a trading volume of 6,675,707 shares, compared to its average volume of 5,617,475. The company has a market cap of $9.43 billion, a P/E ratio of -11.17 and a beta of 2.42. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.85. Unity Software Inc. has a 12-month low of $22.20 and a 12-month high of $50.08. The business has a 50-day simple moving average of $26.81 and a 200 day simple moving average of $30.42.

Unity Software (NYSE:U) last posted its earnings results on Monday, February 26th. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.89). Unity Software had a negative net margin of 37.64% and a negative return on equity of 10.14%. The business had revenue of $609.27 million for the quarter, compared to analysts’ expectations of $551.01 million. During the same quarter last year, the business posted ($0.50) earnings per share. The business’s revenue was up 35.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Unity Software Inc. will post -0.63 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.