5,000 Shares in Unity Software Inc. (NYSE:U) Purchased by Nkcfo LLC

Nkcfo LLC purchased a new stake in shares of Unity Software Inc. (NYSE:U) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 5,000 shares of the company’s stock, valued at approximately $204,000.

A number of other large investors have also added to or reduced their stakes in U. Harvest Fund Management Co. Ltd bought a new position in shares of Unity Software in the 4th quarter valued at about $27,000. GAMMA Investing LLC bought a new stake in shares of Unity Software in the 4th quarter valued at approximately $28,000. Pacifica Partners Inc. purchased a new position in shares of Unity Software in the 4th quarter worth approximately $33,000. Huntington National Bank increased its position in shares of Unity Software by 665.0% during the 3rd quarter. Huntington National Bank now owns 895 shares of the company’s stock valued at $28,000 after purchasing an additional 778 shares during the last quarter. Finally, Psagot Value Holdings Ltd. Israel bought a new position in shares of Unity Software during the 3rd quarter valued at approximately $48,000. Institutional investors own 73.46% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on U shares. Wedbush reissued an “outperform” rating and set a $33.50 target price on shares of Unity Software in a research report on Thursday. Barclays cut their target price on Unity Software from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 27th. Citigroup cut their target price on Unity Software from $50.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, February 28th. William Blair reissued an “outperform” rating on shares of Unity Software in a research report on Tuesday, January 9th. Finally, Needham & Company LLC cut their target price on Unity Software from $40.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Unity Software currently has an average rating of “Hold” and a consensus target price of $37.03.

Unity Software Stock Up 2.4 %

Unity Software stock traded up $0.58 during midday trading on Friday, hitting $24.74. 5,753,162 shares of the company’s stock were exchanged, compared to its average volume of 5,937,102. Unity Software Inc. has a 12 month low of $22.20 and a 12 month high of $50.08. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.60 and a current ratio of 2.60. The company has a market cap of $9.55 billion, a PE ratio of -11.45 and a beta of 2.40. The firm has a 50-day moving average of $26.08 and a two-hundred day moving average of $30.28.

Unity Software (NYSE:U) last released its quarterly earnings data on Monday, February 26th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.89). The business had revenue of $609.27 million for the quarter, compared to the consensus estimate of $551.01 million. Unity Software had a negative net margin of 37.64% and a negative return on equity of 10.14%. Unity Software’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.50) earnings per share. As a group, analysts expect that Unity Software Inc. will post -0.63 earnings per share for the current fiscal year.

Insider Activity

In other Unity Software news, SVP Felix The sold 4,374 shares of Unity Software stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $32.55, for a total value of $142,373.70. Following the transaction, the senior vice president now owns 298,948 shares in the company, valued at $9,730,757.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Unity Software news, SVP Felix The sold 4,374 shares of Unity Software stock in a transaction on Monday, February 26th. The shares were sold at an average price of $32.55, for a total value of $142,373.70. Following the transaction, the senior vice president now directly owns 298,948 shares of the company’s stock, valued at $9,730,757.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tomer Bar-Zeev sold 250,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $26.59, for a total value of $6,647,500.00. Following the transaction, the director now directly owns 4,498,146 shares in the company, valued at $119,605,702.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 338,917 shares of company stock worth $9,460,820. 6.30% of the stock is currently owned by company insiders.

Unity Software 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.