Formula Growth Ltd. Makes New $4 Million Investment in Unity Software Inc. $U

Formula Growth Ltd. purchased a new position in shares of Unity Software Inc. (NYSE:U - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 140,000 shares of the company's stock, valued at approximately $4,001,000. Unity Software makes up about 1.4% of Formula Growth Ltd.'s investment portfolio, making the stock its 15th largest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Newbridge Financial Services Group Inc. grew its stake in Unity Software by 12.9% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 2,696 shares of the company's stock worth $108,000 after buying an additional 308 shares during the last quarter. Larson Financial Group LLC increased its position in Unity Software by 88.1% during the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the company's stock valued at $29,000 after buying an additional 341 shares in the last quarter. Swiss Life Asset Management Ltd raised its stake in Unity Software by 3.1% in the fourth quarter. Swiss Life Asset Management Ltd now owns 14,861 shares of the company's stock valued at $656,000 after buying an additional 449 shares during the last quarter. Captrust Financial Advisors raised its stake in Unity Software by 2.1% in the second quarter. Captrust Financial Advisors now owns 22,330 shares of the company's stock valued at $540,000 after buying an additional 462 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in Unity Software by 1.9% in the fourth quarter. M&T Bank Corp now owns 25,745 shares of the company's stock worth $1,137,000 after acquiring an additional 468 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company's stock.

Unity Software News Summary

Here are the key news stories impacting Unity Software this week:

• Positive Sentiment: Institutional ownership trends were supportive, with UBS Asset Management, CalPERS, Northwestern Mutual, and Sei Investments increasing their positions. Institutional investors collectively own approximately 73.5% of Unity’s shares.
• Positive Sentiment: Unity’s latest quarterly results remain a fundamental tailwind: revenue rose 24% year over year to $546.5 million, exceeding expectations, while adjusted earnings of $0.28 per share beat the consensus estimate by $0.39. Analysts maintain a “Moderate Buy” consensus, with an average price target of $45.16. Unity Software stock information
• Neutral Sentiment: COO Alexander Blum sold 22,559 shares for approximately $1.02 million across transactions on August 25 and August 27. The sales were executed under a pre-arranged Rule 10b5-1 plan and were intended to cover tax withholding on vested equity awards. Blum still owns more than 705,000 shares.
• Neutral Sentiment: CEO Matthew Bromberg sold 16,383 shares worth about $742,000, while CFO Jarrod Yahes sold 26,017 shares valued at approximately $1.18 million. Both sales also covered tax obligations tied to equity vesting; Bromberg retained over 1.5 million shares and Yahes more than 678,000 shares. Unity Software CEO insider sale
• Negative Sentiment: SVP Rebecca Berenice Boyden sold 1,032 shares for $46,770, also to satisfy tax withholding requirements. Although the individual sale is small, the concentration of sales by senior executives may raise short-term investor caution after Unity’s sharp advance toward its 52-week high.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on U shares. Barclays boosted their price target on Unity Software from $28.00 to $33.00 and gave the stock an "equal weight" rating in a research note on Friday, May 8th. Bank of America raised shares of Unity Software from a "neutral" rating to a "buy" rating and increased their price objective for the company from $30.00 to $50.00 in a research report on Friday, August 7th. Piper Sandler lifted their target price on shares of Unity Software from $45.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Needham & Company LLC boosted their target price on shares of Unity Software from $40.00 to $54.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Finally, UBS Group restated an "outperform" rating on shares of Unity Software in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $45.16.

Insider Transactions at Unity Software

In other Unity Software news, SVP Rebecca Berenice Boyden sold 1,032 shares of Unity Software stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $45.32, for a total transaction of $46,770.24. Following the completion of the sale, the senior vice president directly owned 308,413 shares in the company, valued at approximately $13,977,277.16. The trade was a 0.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 Unity Software stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $45.31, for a total transaction of $742,313.73. Following the sale, the chief executive officer owned 1,541,131 shares of the company's stock, valued at approximately $69,828,645.61. The trade was a 1.05% decrease in their ownership of the stock. 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 have sold 65,991 shares of company stock worth $2,989,081 in the last ninety days. Corporate insiders own 0.77% of the company's stock.

Unity Software Stock Performance

Shares of U opened at $43.60 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.03 and a current ratio of 2.03. The stock has a 50-day moving average of $34.85 and a two-hundred day moving average of $27.63. The stock has a market cap of $19.19 billion, a P/E ratio of -32.06, a P/E/G ratio of 1.94 and a beta of 2.04. Unity Software Inc. has a one year low of $16.78 and a one year high of $52.15.

Unity Software (NYSE:U - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of ($0.11) by $0.39. Unity Software had a positive return on equity of 4.64% and a negative net margin of 28.97%.The business had revenue of $546.47 million for the quarter, compared to analyst estimates of $514.72 million. During the same period in the prior year, the company earned $0.18 earnings per share. The company's revenue was up 24.0% on a year-over-year basis. As a group, research analysts predict that Unity Software Inc. will post 0.55 EPS for the current year.

About Unity Software

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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