Cwm LLC Grows Stock Holdings in Unity Software Inc. (NYSE:U)

CWM LLC grew its position in Unity Software Inc. (NYSE:U - Free Report) by 319.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,814 shares of the company's stock after acquiring an additional 36,409 shares during the quarter. CWM LLC's holdings in Unity Software were worth $937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Janney Montgomery Scott LLC grew its stake in Unity Software by 116.2% during the 1st 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 in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Unity Software during the 1st quarter valued at $433,000. Vanguard Group Inc. boosted its holdings in shares of Unity Software by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 31,123,035 shares of the company's stock worth $699,335,000 after purchasing an additional 625,872 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Unity Software during the fourth quarter worth $1,151,000. Finally, GAMMA Investing LLC raised its position in shares of Unity Software by 72.5% in the 1st quarter. GAMMA Investing LLC now owns 2,822 shares of the company's stock worth $55,000 after buying an additional 1,186 shares during the period. Institutional investors own 73.46% of the company's stock.

Insider Activity at Unity Software

In other Unity Software news, CAO Mark Barrysmith sold 1,011 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $32.30, for a total transaction of $32,655.30. Following the completion of the transaction, the chief accounting officer owned 464,372 shares in the company, valued at $14,999,215.60. The trade was a 0.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Matthew S. Bromberg sold 133,072 shares of Unity Software stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $21.24, for a total transaction of $2,826,449.28. Following the sale, the chief executive officer owned 1,222,812 shares of the company's stock, valued at approximately $25,972,526.88. This trade represents a 9.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,276,809 shares of company stock valued at $31,561,623 over the last three months. Company insiders own 3.61% of the company's stock.

Unity Software Stock Down 4.7%

Shares of NYSE U traded down $1.70 during mid-day trading on Tuesday, reaching $34.22. 15,985,307 shares of the company traded hands, compared to its average volume of 11,985,010. The company's fifty day moving average is $25.17 and its two-hundred day moving average is $22.89. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $38.96. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.74 and a current ratio of 2.74. The stock has a market cap of $14.23 billion, a PE ratio of -30.56 and a beta of 2.29.

Unity Software (NYSE:U - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.19) EPS for the quarter, beating analysts' consensus estimates of ($0.38) by $0.19. Unity Software had a negative return on equity of 14.12% and a negative net margin of 25.21%. The company had revenue of $435.00 million for the quarter, compared to analyst estimates of $415.77 million. During the same period in the previous year, the company posted $0.28 earnings per share. The company's quarterly revenue was down 5.5% compared to the same quarter last year. On average, analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on U. Wedbush lifted their price target on shares of Unity Software from $31.50 to $39.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. Jefferies Financial Group raised their price objective on shares of Unity Software from $29.00 to $35.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Needham & Company LLC dropped their target price on shares of Unity Software from $33.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. UBS Group increased their price objective on shares of Unity Software from $22.00 to $33.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Finally, Bank of America started coverage on Unity Software in a research note on Thursday, June 26th. They set an "underperform" rating and a $15.00 price target on the stock. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $26.43.

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.