Whipplewood Advisors LLC Purchases New Stake in Unity Software Inc. (NYSE:U)

Whipplewood Advisors LLC acquired a new position in shares of Unity Software Inc. (NYSE:U) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,781 shares of the company’s stock, valued at approximately $40,000.

A number of other large investors also recently added to or reduced their stakes in U. Charles Schwab Investment Management Inc. increased its holdings in Unity Software by 100.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock valued at $42,662,000 after purchasing an additional 944,709 shares during the last quarter. Erste Asset Management GmbH acquired a new position in shares of Unity Software in the third quarter valued at approximately $12,317,000. Monolith Management Ltd bought a new position in Unity Software during the 3rd quarter worth about $10,993,000. Weiss Asset Management LP acquired a new stake in shares of Unity Software in the third quarter valued at approximately $10,335,000. Finally, Geode Capital Management LLC lifted its position in Unity Software by 9.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock worth $106,008,000 after buying an additional 413,474 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Unity Software

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 transaction of $3,498,340.33. Following the completion of the transaction, the director now directly owns 3,481,479 shares of the company’s stock, valued at $73,076,244.21. This trade represents a 4.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Felix The sold 20,000 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $27.43, for a total value of $548,600.00. Following the completion of the sale, the senior vice president now directly owns 391,960 shares of the company’s stock, valued at approximately $10,751,462.80. The trade was a 4.85 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 866,060 shares of company stock worth $21,451,338. 6.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

U has been the topic of a number of recent analyst reports. UBS Group boosted their price target on Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Barclays lifted their target price on shares of Unity Software from $18.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday, February 21st. Benchmark raised shares of Unity Software from a “sell” rating to a “hold” rating in a report on Thursday, February 20th. Morgan Stanley boosted their price objective on Unity Software from $26.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Unity Software presently has a consensus rating of “Hold” and a consensus target price of $25.04.

Unity Software Trading Down 2.3 %

Shares of Unity Software stock opened at $25.58 on Friday. The firm’s 50 day moving average is $22.82 and its 200 day moving average is $21.52. The firm has a market capitalization of $10.48 billion, a PE ratio of -15.22 and a beta of 2.32. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $30.88. 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 posted its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.05. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The firm had revenue of $457.10 million for the quarter, compared to analysts’ expectations of $433.47 million. Equities research analysts forecast that Unity Software Inc. will post -1.25 earnings per share 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.