Unity Software Inc. (NYSE:U) Shares Purchased by River Global Investors LLP

River Global Investors LLP increased its stake in shares of Unity Software Inc. (NYSE:U) by 44.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 18,959 shares of the company’s stock after acquiring an additional 5,829 shares during the period. River Global Investors LLP’s holdings in Unity Software were worth $775,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp lifted its position in Unity Software by 4.8% during the 3rd quarter. Northern Trust Corp now owns 1,583,326 shares of the company’s stock worth $49,701,000 after acquiring an additional 72,770 shares in the last quarter. Natixis Advisors L.P. lifted its position in Unity Software by 3.2% during the 3rd quarter. Natixis Advisors L.P. now owns 13,226 shares of the company’s stock worth $415,000 after acquiring an additional 407 shares in the last quarter. Compagnie Lombard Odier SCmA lifted its position in Unity Software by 20.3% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 3,670 shares of the company’s stock worth $150,000 after acquiring an additional 620 shares in the last quarter. Graham Capital Management L.P. acquired a new position in Unity Software during the 3rd quarter worth approximately $414,000. Finally, LA Financiere DE L Echiquier lifted its position in Unity Software by 25.3% during the 4th quarter. LA Financiere DE L Echiquier now owns 399,600 shares of the company’s stock worth $16,340,000 after acquiring an additional 80,600 shares in the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

Unity Software Stock Performance

NYSE:U traded up $0.58 during midday trading on Friday, reaching $24.74. 5,753,162 shares of the company traded hands, compared to its average volume of 5,937,102. Unity Software Inc. has a twelve month low of $22.20 and a twelve month high of $50.08. The firm has a market capitalization of $9.55 billion, a price-to-earnings ratio of -11.45 and a beta of 2.40. 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 company has a fifty day moving average price of $26.08 and a 200 day moving average price of $30.28.

Unity Software (NYSE:U) last released its quarterly earnings data on Monday, February 26th. The company reported ($0.66) earnings per share (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 for the quarter, compared to analyst estimates of $551.01 million. During the same quarter in the prior year, the firm earned ($0.50) EPS. The company’s revenue for the quarter was up 35.1% compared to the same quarter last year. On average, analysts expect that Unity Software Inc. will post -0.63 EPS for the current fiscal year.

Insider Activity at Unity Software

In related news, SVP Felix The sold 4,374 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $32.55, for a total transaction of $142,373.70. Following the completion of the transaction, the senior vice president now owns 298,948 shares in the company, valued at approximately $9,730,757.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Unity Software news, CMO Carol W. Carpenter sold 2,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $24.18, for a total transaction of $48,360.00. Following the completion of the transaction, the chief marketing officer now owns 442,617 shares in the company, valued at approximately $10,702,479.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Felix The sold 4,374 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $32.55, for a total value of $142,373.70. Following the transaction, the senior vice president now owns 298,948 shares of the company’s stock, valued at approximately $9,730,757.40. The disclosure for this sale can be found here. Insiders sold 338,917 shares of company stock worth $9,460,820 in the last 90 days. 6.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Macquarie lowered Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 price target on the stock. in a research report on Monday, February 12th. The Goldman Sachs Group lifted their price objective on Unity Software from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. Barclays dropped their price objective on Unity Software from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 27th. Piper Sandler upgraded Unity Software from an “underweight” rating to a “neutral” rating and dropped their price objective for the stock from $35.00 to $30.00 in a report on Tuesday, February 27th. Finally, William Blair restated an “outperform” rating on shares of Unity Software in a report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $37.03.

About Unity Software

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.