Callan Family Office LLC Purchases Shares of 12,592 Unity Software Inc. $U

Callan Family Office LLC purchased a new position in shares of Unity Software Inc. (NYSE:U - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,592 shares of the company's stock, valued at approximately $305,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in U. GAMMA Investing LLC boosted its holdings in Unity Software by 72.5% during the first quarter. GAMMA Investing LLC now owns 2,822 shares of the company's stock worth $55,000 after purchasing an additional 1,186 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in Unity Software during the first quarter worth about $2,215,000. Janney Montgomery Scott LLC boosted its holdings in Unity Software by 116.2% during the first quarter. Janney Montgomery Scott LLC now owns 29,085 shares of the company's stock worth $570,000 after purchasing an additional 15,633 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in Unity Software during the first quarter worth about $433,000. Finally, Amalgamated Bank boosted its holdings in Unity Software by 3.0% during the first quarter. Amalgamated Bank now owns 18,132 shares of the company's stock worth $355,000 after purchasing an additional 525 shares during the last quarter. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Anirma Gupta sold 2,296 shares of the company's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $43.99, for a total value of $101,001.04. Following the completion of the sale, the senior vice president owned 628,453 shares of the company's stock, valued at approximately $27,645,647.47. This represents a 0.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tomer Bar-Zeev sold 250,000 shares of the company's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $39.83, for a total transaction of $9,957,500.00. Following the completion of the sale, the director directly owned 1,548,146 shares of the company's stock, valued at $61,662,655.18. This trade represents a 13.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,233,415 shares of company stock worth $94,949,128 in the last ninety days. 3.61% of the stock is currently owned by insiders.

Unity Software Stock Performance

Unity Software stock opened at $34.74 on Friday. The firm's 50 day simple moving average is $40.13 and its 200 day simple moving average is $30.00. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $14.68 billion, a PE ratio of -32.77 and a beta of 2.32. Unity Software Inc. has a 1-year low of $15.33 and a 1-year high of $46.94.

Unity Software (NYSE:U - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported ($0.26) earnings per share for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.01). Unity Software had a negative return on equity of 13.59% and a negative net margin of 24.38%.The firm had revenue of $440.94 million for the quarter, compared to the consensus estimate of $425.18 million. During the same period last year, the company posted ($0.32) EPS. The business's revenue was down 1.9% on a year-over-year basis. As a group, analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on U. Wall Street Zen upgraded shares of Unity Software from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Wedbush lifted their price objective on shares of Unity Software from $41.00 to $42.00 and gave the stock an "outperform" rating in a research report on Monday, October 6th. Bank of America started coverage on shares of Unity Software in a research report on Thursday, June 26th. They issued an "underperform" rating and a $15.00 price objective on the stock. Zacks Research lowered shares of Unity Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Finally, UBS Group lifted their price objective on shares of Unity Software from $22.00 to $33.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $33.16.

Unity Software Company 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.

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