Parametrica Management Ltd Buys Shares of 27,859 Unity Software Inc. (NYSE:U)

Parametrica Management Ltd bought a new stake in shares of Unity Software Inc. (NYSE:U) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 27,859 shares of the company’s stock, valued at approximately $1,139,000. Unity Software comprises about 1.9% of Parametrica Management Ltd’s holdings, making the stock its 17th biggest position.

A number of other large investors have also recently bought and sold shares of U. Vanguard Group Inc. boosted its holdings in shares of Unity Software by 8.3% during the third quarter. Vanguard Group Inc. now owns 25,819,797 shares of the company’s stock worth $810,483,000 after purchasing an additional 1,972,435 shares during the last quarter. ARK Investment Management LLC boosted its holdings in shares of Unity Software by 6.2% during the fourth quarter. ARK Investment Management LLC now owns 12,189,778 shares of the company’s stock worth $498,440,000 after purchasing an additional 712,579 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Unity Software by 14.7% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,131,625 shares of the company’s stock worth $373,392,000 after purchasing an additional 1,170,058 shares during the last quarter. Eagle Asset Management Inc. acquired a new stake in shares of Unity Software during the third quarter worth $82,988,000. Finally, Artisan Partners Limited Partnership boosted its holdings in Unity Software by 69.7% in the third quarter. Artisan Partners Limited Partnership now owns 2,431,829 shares of the company’s stock valued at $76,335,000 after acquiring an additional 998,467 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Wall Street Analysts Forecast Growth

U has been the topic of a number of research analyst reports. William Blair reiterated an “outperform” rating on shares of Unity Software in a report on Tuesday, January 9th. Needham & Company LLC reduced their target price on Unity Software from $40.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, February 27th. Wedbush reduced their target price on Unity Software from $50.00 to $33.50 and set an “outperform” rating on the stock in a report on Tuesday, February 27th. Piper Sandler raised Unity Software from an “underweight” rating to a “neutral” rating and cut their price objective for the company from $35.00 to $30.00 in a research report on Tuesday, February 27th. Finally, Barclays cut their price objective on 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. One 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $37.03.

Insider Transactions at Unity Software

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

Unity Software Trading Up 3.5 %

NYSE:U 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 quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.85. The stock’s 50 day simple moving average is $26.81 and its two-hundred day simple moving average is $30.41. Unity Software Inc. has a 1-year low of $22.20 and a 1-year high of $50.08.

Unity Software (NYSE:U) last issued its earnings results on Monday, February 26th. The company reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $609.27 million during the quarter, compared to analyst estimates of $551.01 million. During the same quarter in the previous year, the firm earned ($0.50) earnings per share. The business’s revenue was up 35.1% on a year-over-year basis. Research analysts anticipate that Unity Software Inc. will post -0.63 EPS for the current fiscal 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.