239,235 Shares in Unity Software Inc. $U Purchased by Moore Capital Management LP

Moore Capital Management LP bought a new stake in shares of Unity Software Inc. (NYSE:U) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 239,235 shares of the company’s stock, valued at approximately $6,837,000.

Other institutional investors also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. increased its stake in Unity Software by 12.9% during the third quarter. Newbridge Financial Services Group Inc. now owns 2,696 shares of the company’s stock worth $108,000 after purchasing an additional 308 shares during the period. Larson Financial Group LLC boosted its stake in shares of Unity Software by 88.1% in the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock valued at $29,000 after purchasing an additional 341 shares during the period. Swiss Life Asset Management Ltd boosted its stake in shares of Unity Software by 3.1% in the fourth quarter. Swiss Life Asset Management Ltd now owns 14,861 shares of the company’s stock valued at $656,000 after purchasing an additional 449 shares during the period. Captrust Financial Advisors grew its holdings in shares of Unity Software by 2.1% in the second quarter. Captrust Financial Advisors now owns 22,330 shares of the company’s stock valued at $540,000 after purchasing an additional 462 shares in the last quarter. Finally, Cibc World Market Inc. grew its holdings in shares of Unity Software by 7.7% in the fourth quarter. Cibc World Market Inc. now owns 6,974 shares of the company’s stock valued at $308,000 after purchasing an additional 496 shares in the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

U has been the topic of several recent research reports. Oppenheimer upped their target price on shares of Unity Software from $38.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Benchmark upgraded shares of Unity Software from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Friday, August 7th. UBS Group reaffirmed an “outperform” rating on shares of Unity Software in a research report on Friday, August 7th. Barclays upped their price objective on Unity Software from $28.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Finally, HSBC upgraded Unity Software from a “hold” rating to a “buy” rating and set a $47.10 target price for the company in a report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $45.16.

Unity Software Stock Up 0.2%

U stock opened at $43.40 on Monday. The company’s 50 day moving average price is $35.17 and its 200 day moving average price is $27.74. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.03 and a current ratio of 2.03. Unity Software Inc. has a fifty-two week low of $16.78 and a fifty-two week high of $52.15. The firm has a market capitalization of $19.10 billion, a price-to-earnings ratio of -31.91, a PEG ratio of 1.90 and a beta of 2.04.

Unity Software (NYSE:U) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.39. Unity Software had a negative net margin of 28.97% and a positive return on equity of 4.64%. The company had revenue of $546.47 million during the quarter, compared to the consensus estimate of $514.72 million. During the same quarter in the previous year, the firm earned $0.18 earnings per share. The firm’s quarterly revenue was up 24.0% on a year-over-year basis. On average, equities research analysts anticipate that Unity Software Inc. will post 0.55 EPS for the current fiscal year.

Insider Activity

In related news, SVP Rebecca Berenice Boyden sold 1,032 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $45.32, for a total transaction of $46,770.24. Following the completion of the transaction, the senior vice president owned 308,413 shares in the company, valued at approximately $13,977,277.16. The trade was a 0.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Alexander Blum sold 1,964 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $44.81, for a total transaction of $88,006.84. Following the transaction, the chief operating officer owned 705,411 shares of the company’s stock, valued at approximately $31,609,466.91. The trade was a 0.28% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 65,991 shares of company stock valued at $2,989,081. 0.77% of the stock is currently owned by company insiders.

Unity Software Profile

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.