Bouvel Investment Partners LLC Purchases 580 Shares of Unity Software Inc. (NYSE:U)

Bouvel Investment Partners LLC increased its position in Unity Software Inc. (NYSE:U) by 1.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,595 shares of the company’s stock after purchasing an additional 580 shares during the quarter. Bouvel Investment Partners LLC’s holdings in Unity Software were worth $697,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Securities Inc. grew its stake in 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 in the last quarter. Farther Finance Advisors LLC grew its stake in Unity Software by 3.5% in the fourth quarter. Farther Finance Advisors LLC now owns 14,435 shares of the company’s stock worth $324,000 after purchasing an additional 488 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in Unity Software by 0.7% during the fourth quarter. Coldstream Capital Management Inc. now owns 141,632 shares of the company’s stock worth $3,182,000 after buying an additional 973 shares during the period. California State Teachers Retirement System boosted its position in Unity Software by 0.4% during the 4th quarter. California State Teachers Retirement System now owns 261,740 shares of the company’s stock valued at $5,881,000 after acquiring an additional 1,031 shares in the last quarter. Finally, Itau Unibanco Holding S.A. boosted its position in Unity Software by 150.4% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,778 shares of the company’s stock valued at $40,000 after acquiring an additional 1,068 shares in the last quarter. Institutional investors own 73.46% of the company’s stock.

Unity Software Stock Performance

Shares of U stock opened at $23.69 on Friday. The firm has a market capitalization of $9.85 billion, a price-to-earnings ratio of -14.10 and a beta of 2.34. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The business has a fifty day moving average of $21.85 and a 200 day moving average of $22.45. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $30.88.

Unity Software (NYSE:U) last issued its earnings results on Wednesday, May 7th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.19. The company had revenue of $435.00 million during the quarter, compared to analyst estimates of $415.77 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the business posted $0.28 EPS. As a group, research analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current year.

Insider Buying and Selling at Unity Software

In other Unity Software news, Director David Helgason sold 261,473 shares of Unity Software stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $25.70, for a total transaction of $6,719,856.10. Following the completion of the transaction, the director now owns 7,489,173 shares in the company, valued at approximately $192,471,746.10. This trade represents a 3.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Anirma Gupta sold 46,957 shares of Unity Software stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $21.24, for a total value of $997,366.68. Following the transaction, the senior vice president now owns 644,952 shares of the company’s stock, valued at $13,698,780.48. The trade was a 6.79% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,296,538 shares of company stock worth $30,546,097. Insiders own 3.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on U shares. Citigroup raised Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Tuesday, March 11th. Wedbush cut Unity Software from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, May 7th. Morgan Stanley dropped their target price on Unity Software from $32.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Barclays dropped their target price on Unity Software from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 8th. Finally, Wall Street Zen raised Unity Software from a “hold” rating to a “buy” rating in a research report on Monday, June 9th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Unity Software presently has an average rating of “Moderate Buy” and a consensus target price of $25.14.

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.