Unity Software Inc. (NYSE:U) Stake Raised by CloudAlpha Capital Management Limited Hong Kong

CloudAlpha Capital Management Limited Hong Kong lifted its position in shares of Unity Software Inc. (NYSE:U) by 104.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 743,891 shares of the company’s stock after buying an additional 379,891 shares during the period. Unity Software accounts for approximately 2.8% of CloudAlpha Capital Management Limited Hong Kong’s portfolio, making the stock its 9th largest holding. CloudAlpha Capital Management Limited Hong Kong owned approximately 0.20% of Unity Software worth $30,418,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Xcel Wealth Management LLC boosted its stake in Unity Software by 4.0% during the fourth quarter. Xcel Wealth Management LLC now owns 7,755 shares of the company’s stock valued at $222,000 after buying an additional 298 shares in the last quarter. First Republic Investment Management Inc. boosted its holdings in shares of Unity Software by 1.6% during the first quarter. First Republic Investment Management Inc. now owns 18,918 shares of the company’s stock worth $1,877,000 after purchasing an additional 298 shares during the period. BluePath Capital Management LLC grew its holdings in shares of Unity Software by 6.7% during the 4th quarter. BluePath Capital Management LLC now owns 5,453 shares of the company’s stock valued at $223,000 after acquiring an additional 342 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Unity Software by 8.8% in the first quarter. PNC Financial Services Group Inc. now owns 4,349 shares of the company’s stock valued at $431,000 after purchasing an additional 350 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Unity Software by 18.9% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,391 shares of the company’s stock worth $237,000 after purchasing an additional 380 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Insider Buying and Selling at Unity Software

In other news, CEO James M. Whitehurst sold 44,091 shares of Unity Software stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $32.56, for a total transaction of $1,435,602.96. Following the completion of the sale, the chief executive officer now owns 155,909 shares in the company, valued at approximately $5,076,397.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Unity Software news, SVP Anirma Gupta sold 756 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $33.07, for a total transaction of $25,000.92. Following the transaction, the senior vice president now owns 396,985 shares in the company, valued at $13,128,293.95. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO James M. Whitehurst sold 44,091 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were 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 of the company’s stock, valued at $5,076,397.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 341,723 shares of company stock worth $9,577,516. Insiders own 9.00% of the company’s stock.

Unity Software Price Performance

Unity Software stock traded down $0.22 during trading hours on Wednesday, hitting $23.72. 4,128,164 shares of the stock were exchanged, compared to its average volume of 10,205,001. The stock has a market capitalization of $9.15 billion, a P/E ratio of -11.08 and a beta of 2.42. The business’s 50-day moving average is $28.48 and its two-hundred day moving average is $30.78. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.60 and a current ratio of 2.60. Unity Software Inc. has a 12 month low of $22.20 and a 12 month high of $50.08.

Unity Software (NYSE:U) last announced its earnings results on Monday, February 26th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of $0.23 by ($0.89). Unity Software had a negative return on equity of 10.14% and a negative net margin of 37.64%. The business had revenue of $609.27 million for the quarter, compared to the consensus estimate of $551.01 million. During the same quarter in the previous year, the company posted ($0.50) EPS. Unity Software’s revenue for the quarter was up 35.1% on a year-over-year basis. Equities research analysts expect that Unity Software Inc. will post -0.63 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on U. Macquarie lowered Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 target price on the stock. in a report on Monday, February 12th. Barclays reduced their target price on Unity Software from $30.00 to $28.00 and set an “equal weight” rating for the company in a report on Tuesday, February 27th. Piper Sandler upgraded Unity Software from an “underweight” rating to a “neutral” rating and lowered their price target for the company from $35.00 to $30.00 in a report on Tuesday, February 27th. Stifel Nicolaus boosted their price objective on shares of Unity Software from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, Wedbush decreased their price objective on shares of Unity Software from $50.00 to $33.50 and set an “outperform” rating for the company in a report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $37.03.

Unity Software 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.