Arohi Asset Management PTE Ltd. Takes $14.90 Million Position in Unity Software Inc. $U

Arohi Asset Management PTE Ltd. acquired a new position in Unity Software Inc. (NYSE:U - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 521,360 shares of the company's stock, valued at approximately $14,900,000. Unity Software accounts for approximately 5.5% of Arohi Asset Management PTE Ltd.'s investment portfolio, making the stock its 3rd largest position. Arohi Asset Management PTE Ltd. owned 0.12% of Unity Software as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in U. REAP Financial Group LLC bought a new position in Unity Software during the fourth quarter worth $28,000. Larson Financial Group LLC boosted its holdings in Unity Software by 88.1% in the 3rd 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. IFP Advisors Inc acquired a new stake in Unity Software in the 3rd quarter worth $33,000. International Assets Investment Management LLC acquired a new stake in Unity Software in the 4th quarter worth $36,000. Finally, Cornerstone Planning Group LLC grew its position in Unity Software by 3,953.3% in the 4th quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company's stock worth $49,000 after purchasing an additional 1,186 shares during the last quarter. Institutional investors own 73.46% of the company's stock.

Unity Software Price Performance

NYSE:U opened at $44.15 on Thursday. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.55. The firm has a market cap of $19.43 billion, a PE ratio of -32.46, a price-to-earnings-growth ratio of 1.97 and a beta of 2.04. Unity Software Inc. has a 12 month low of $16.78 and a 12 month high of $52.15. The company's 50-day moving average price is $34.53 and its two-hundred day moving average price is $27.50.

Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $514.72 million. During the same quarter last year, the business posted $0.18 earnings per share. The company's revenue was up 24.0% on a year-over-year basis. On average, equities analysts anticipate that Unity Software Inc. will post 0.55 EPS for the current fiscal year.

Insider Activity

In other news, CFO Jarrod Yahes sold 26,017 shares of the company's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $45.31, for a total transaction of $1,178,830.27. Following the completion of the transaction, the chief financial officer directly owned 678,343 shares of the company's stock, valued at $30,735,721.33. This represents a 3.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Matthew S. Bromberg sold 16,383 shares of the business's stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $45.31, for a total value of $742,313.73. Following the completion of the sale, the chief executive officer owned 1,541,131 shares in the company, valued at $69,828,645.61. The trade was a 1.05% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 43,432 shares of company stock worth $1,967,914 over the last quarter. 0.77% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Citizens Jmp increased their target price on shares of Unity Software from $37.00 to $45.00 and gave the company a "market outperform" rating in a research note on Friday, August 7th. Wells Fargo & Company boosted their price target on Unity Software from $36.00 to $48.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. HSBC raised Unity Software from a "hold" rating to a "buy" rating and set a $47.10 price target for the company in a report on Friday, August 7th. Wall Street Zen raised Unity Software from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Finally, Barclays boosted their price objective on Unity Software from $28.00 to $33.00 and gave the company an "equal weight" rating in a research report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Unity Software currently has a consensus rating of "Moderate Buy" and an average price target of $45.16.

Unity Software Company 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.

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