30,000 Shares in Unity Software Inc. $U Purchased by Black Swift Group LLC

Black Swift Group LLC bought a new position in Unity Software Inc. (NYSE:U) in the 3rd quarter, HoldingsChannel reports. The fund bought 30,000 shares of the company’s stock, valued at approximately $1,201,000.

Several other institutional investors have also recently added to or reduced their stakes in U. Norges Bank bought a new position in shares of Unity Software in the 2nd quarter worth about $151,221,000. Slate Path Capital LP grew its position in shares of Unity Software by 25.4% during the 2nd quarter. Slate Path Capital LP now owns 20,016,952 shares of the company’s stock valued at $484,410,000 after buying an additional 4,048,484 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in Unity Software during the third quarter worth about $106,233,000. Duquesne Family Office LLC acquired a new stake in Unity Software during the second quarter worth about $42,932,000. Finally, Ameriprise Financial Inc. lifted its holdings in Unity Software by 37.8% in the second quarter. Ameriprise Financial Inc. now owns 4,628,328 shares of the company’s stock worth $112,006,000 after acquiring an additional 1,270,798 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on U. Oppenheimer raised Unity Software from a “market perform” rating to an “outperform” rating and set a $38.00 target price for the company in a report on Tuesday, February 10th. Piper Sandler upgraded Unity Software from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $43.00 to $59.00 in a research report on Thursday, December 11th. Jefferies Financial Group increased their target price on Unity Software from $49.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, January 5th. The Goldman Sachs Group cut their target price on Unity Software from $47.00 to $27.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. Finally, Arete Research raised shares of Unity Software from a “neutral” rating to a “buy” rating and set a $48.00 price target for the company in a report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Unity Software currently has an average rating of “Moderate Buy” and a consensus price target of $39.73.

Insider Buying and Selling

In other news, CFO Jarrod Yahes sold 12,196 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $18.07, for a total value of $220,381.72. Following the completion of the transaction, the chief financial officer owned 533,933 shares of the company’s stock, valued at approximately $9,648,169.31. This represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Alexander Blum sold 10,164 shares of Unity Software stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $18.07, for a total transaction of $183,663.48. Following the sale, the chief operating officer owned 550,966 shares in the company, valued at approximately $9,955,955.62. This represents a 1.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 939,438 shares of company stock valued at $45,517,910. Company insiders own 3.61% of the company’s stock.

Unity Software Stock Performance

U opened at $19.83 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.52. The business’s 50 day moving average is $31.94 and its 200-day moving average is $37.94. The stock has a market cap of $8.59 billion, a PE ratio of -20.66, a price-to-earnings-growth ratio of 10.65 and a beta of 2.14. Unity Software Inc. has a twelve month low of $15.33 and a twelve month high of $52.15.

Unity Software (NYSE:U) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The business had revenue of $503.09 million during the quarter, compared to analyst estimates of $490.64 million. Unity Software had a negative return on equity of 4.76% and a negative net margin of 21.77%.The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.30) EPS. On average, analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current year.

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.