Alberta Investment Management Corp Acquires Shares of 123,040 Unity Software Inc. (NYSE:U)

Alberta Investment Management Corp bought a new position in Unity Software Inc. (NYSE:U) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 123,040 shares of the company’s stock, valued at approximately $2,765,000.

Other institutional investors have also recently made changes to their positions in the company. R Squared Ltd bought a new position in Unity Software in the 4th quarter valued at approximately $30,000. Principal Securities Inc. raised its stake in shares of Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after purchasing an additional 477 shares during the last quarter. Planning Capital Management Corp bought a new position in shares of Unity Software during the third quarter valued at $34,000. GAMMA Investing LLC boosted its position in shares of Unity Software by 33.6% during the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock valued at $37,000 after buying an additional 411 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Unity Software during the third quarter valued at $43,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Insiders Place Their Bets

In related news, Director Tomer Bar-Zeev sold 166,667 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $20.99, for a total value of $3,498,340.33. Following the completion of the sale, the director now directly owns 3,481,479 shares in the company, valued at $73,076,244.21. This trade represents a 4.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Mark Barrysmith sold 1,362 shares of Unity Software stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $21.91, for a total transaction of $29,841.42. Following the transaction, the chief accounting officer now directly owns 452,276 shares of the company’s stock, valued at $9,909,367.16. The trade was a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 679,264 shares of company stock valued at $16,612,383 in the last three months. Corporate insiders own 6.30% of the company’s stock.

Unity Software Price Performance

NYSE:U opened at $27.96 on Friday. The business’s 50-day moving average is $22.45 and its 200 day moving average is $20.99. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $33.43. The company has a market capitalization of $11.26 billion, a P/E ratio of -13.70 and a beta of 2.32. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.05. Unity Software had a negative return on equity of 11.30% and a negative net margin of 40.47%. On average, equities research analysts forecast that Unity Software Inc. will post -1.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

U has been the subject of a number of recent analyst reports. UBS Group boosted their target price on Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. JMP Securities reissued a “market perform” rating on shares of Unity Software in a report on Monday, February 3rd. Macquarie raised their target price on shares of Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a report on Friday, November 8th. Wells Fargo & Company initiated coverage on shares of Unity Software in a research note on Monday, October 28th. They set an “equal weight” rating and a $20.00 target price for the company. Finally, Wedbush restated an “outperform” rating and issued a $27.00 price target on shares of Unity Software in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $22.81.

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.