Nkcfo LLC Acquires Shares of 5,000 Unity Software Inc. (NYSE:U)

Nkcfo LLC acquired a new stake in Unity Software Inc. (NYSE:U) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,000 shares of the company’s stock, valued at approximately $204,000.

Other institutional investors also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd acquired a new position in Unity Software in the 4th quarter valued at $27,000. GAMMA Investing LLC acquired a new position in shares of Unity Software during the 4th quarter worth $28,000. Pacifica Partners Inc. acquired a new position in shares of Unity Software during the 4th quarter worth $33,000. Huntington National Bank grew its stake in shares of Unity Software by 665.0% during the 3rd quarter. Huntington National Bank now owns 895 shares of the company’s stock worth $28,000 after purchasing an additional 778 shares during the period. Finally, Psagot Value Holdings Ltd. Israel acquired a new position in shares of Unity Software during the 3rd quarter worth $48,000. 73.46% of the stock is owned by institutional investors and hedge funds.

Unity Software Trading Up 2.4 %

Shares of U stock traded up $0.58 during trading hours on Friday, hitting $24.74. 5,753,162 shares of the company were exchanged, compared to its average volume of 5,937,102. The firm has a market cap of $9.55 billion, a PE ratio of -11.45 and a beta of 2.40. Unity Software Inc. has a 1 year low of $22.20 and a 1 year high of $50.08. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.85. The firm has a fifty day moving average of $26.08 and a 200 day moving average of $30.28.

Unity Software (NYSE:U) last announced its quarterly earnings data 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). The company had revenue of $609.27 million for the quarter, compared to analysts’ expectations of $551.01 million. Unity Software had a negative return on equity of 10.14% and a negative net margin of 37.64%. The company’s revenue was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.50) earnings per share. Analysts expect that Unity Software Inc. will post -0.63 earnings per share for the current year.

Insider Buying and Selling

In related news, CMO Carol W. Carpenter sold 2,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $24.18, for a total transaction of $48,360.00. Following the completion of the sale, the chief marketing officer now owns 442,617 shares of the company’s stock, valued at approximately $10,702,479.06. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CMO Carol W. Carpenter sold 2,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $24.18, for a total transaction of $48,360.00. Following the completion of the sale, the chief marketing officer now owns 442,617 shares of the company’s stock, valued at approximately $10,702,479.06. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Anirma Gupta sold 1,037 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $24.42, for a total transaction of $25,323.54. Following the sale, the senior vice president now directly owns 386,706 shares of the company’s stock, valued at approximately $9,443,360.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 338,917 shares of company stock valued at $9,460,820. 6.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. The Goldman Sachs Group upped their price target on shares of Unity Software from $29.00 to $32.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 9th. Piper Sandler raised shares of Unity Software from an “underweight” rating to a “neutral” rating and lowered their price target for the stock from $35.00 to $30.00 in a research note on Tuesday, February 27th. Citigroup lowered their price target 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. Barclays decreased their price objective on shares of Unity Software from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 27th. Finally, Macquarie lowered shares of Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 price objective on the stock. in a research report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $37.03.

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.