1,023,530 Shares in Unity Software Inc. (NYSE:U) Acquired by Two Sigma Investments LP

Two Sigma Investments LP bought a new position in shares of Unity Software Inc. (NYSE:U) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 1,023,530 shares of the company’s stock, valued at approximately $22,999,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of U. Tidal Investments LLC boosted its holdings in shares of Unity Software by 32.6% during the 4th quarter. Tidal Investments LLC now owns 20,428 shares of the company’s stock worth $459,000 after buying an additional 5,018 shares during the period. Tairen Capital Ltd bought a new stake in shares of Unity Software during the fourth quarter worth approximately $1,124,000. Toronto Dominion Bank acquired a new position in shares of Unity Software in the fourth quarter valued at approximately $4,054,000. Shell Asset Management Co. increased its stake in shares of Unity Software by 44.8% during the fourth quarter. Shell Asset Management Co. now owns 145,627 shares of the company’s stock worth $3,272,000 after purchasing an additional 45,089 shares during the period. Finally, Sherbrooke Park Advisers LLC acquired a new stake in Unity Software during the 4th quarter worth approximately $413,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Unity Software Stock Down 6.2%

U stock opened at $20.85 on Thursday. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $30.88. The stock’s fifty day simple moving average is $20.57 and its two-hundred day simple moving average is $22.06. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock has a market cap of $8.67 billion, a P/E ratio of -12.41 and a beta of 2.29.

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

Insider Activity at Unity Software

In other Unity Software news, CAO Mark Barrysmith sold 12,019 shares of Unity Software stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $25.42, for a total transaction of $305,522.98. Following the completion of the sale, the chief accounting officer now directly owns 438,862 shares in the company, valued at $11,155,872.04. The trade was a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Tomer Bar-Zeev sold 166,667 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $20.04, for a total transaction of $3,340,006.68. Following the completion of the transaction, the director now directly owns 2,981,479 shares of the company’s stock, valued at approximately $59,748,839.16. This represents a 5.29% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 698,452 shares of company stock valued at $15,903,500. Corporate insiders own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on U shares. Needham & Company LLC lowered their target price on shares of Unity Software from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Wells Fargo & Company lowered their price objective on shares of Unity Software from $22.00 to $19.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Citigroup raised Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Tuesday, March 11th. Citizens Jmp raised Unity Software from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. Finally, Macquarie started coverage on Unity Software in a research report on Monday, March 10th. They set a “neutral” rating and a $24.00 price objective for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $24.21.

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.