Andar Capital Management HK Ltd Makes New $3.35 Million Investment in Unity Software Inc. (NYSE:U)

Andar Capital Management HK Ltd bought a new position in shares of Unity Software Inc. (NYSE:U) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 82,000 shares of the company’s stock, valued at approximately $3,353,000. Unity Software accounts for about 4.7% of Andar Capital Management HK Ltd’s holdings, making the stock its 9th biggest holding.

Several other hedge funds also recently bought and sold shares of U. SG Americas Securities LLC boosted its stake in shares of Unity Software by 236.2% in the third quarter. SG Americas Securities LLC now owns 34,512 shares of the company’s stock valued at $1,083,000 after purchasing an additional 24,248 shares during the period. Handelsbanken Fonder AB grew its holdings in Unity Software by 7.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 99,782 shares of the company’s stock worth $3,132,000 after acquiring an additional 6,943 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in Unity Software by 4.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 98,440 shares of the company’s stock worth $3,090,000 after acquiring an additional 3,966 shares in the last quarter. Compagnie Lombard Odier SCmA grew its holdings in Unity Software by 48.8% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 3,050 shares of the company’s stock worth $96,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Unity Software by 11.7% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 66,690 shares of the company’s stock worth $2,093,000 after acquiring an additional 7,000 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Insider Transactions at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $26.59, for a total value of $6,647,500.00. Following the completion of the transaction, the director now owns 4,498,146 shares of the company’s stock, valued at $119,605,702.14. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Unity Software news, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $26.59, for a total value of $6,647,500.00. Following the completion of the transaction, the director now owns 4,498,146 shares of the company’s stock, valued at $119,605,702.14. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO James M. Whitehurst sold 44,091 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 155,909 shares of the company’s stock, valued at approximately $5,076,397.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 342,004 shares of company stock valued at $9,577,839. 6.30% of the stock is currently owned by corporate insiders.

Unity Software Trading Up 2.9 %

NYSE:U traded up $0.70 on Wednesday, reaching $24.97. The stock had a trading volume of 3,227,920 shares, compared to its average volume of 9,656,224. The company has a market cap of $9.76 billion, a price-to-earnings ratio of -11.24 and a beta of 2.42. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.60 and a quick ratio of 2.60. The firm’s fifty day moving average is $26.48 and its two-hundred day moving average is $30.36. 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 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. Equities analysts expect that Unity Software Inc. will post -0.63 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. William Blair restated an “outperform” rating on shares of Unity Software in a research report on Tuesday, January 9th. Wedbush reduced their price objective on shares of Unity Software from $50.00 to $33.50 and set an “outperform” rating for the company in a research 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 report on Friday, March 1st. Citigroup reduced their price objective on shares of Unity Software from $50.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Finally, Piper Sandler upgraded shares of Unity Software from an “underweight” rating to a “neutral” rating and reduced their price objective for the stock from $35.00 to $30.00 in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.