Nishkama Capital LLC Purchases Shares of 212,621 Unity Software Inc. $U

Key Points

• Nishkama Capital LLC has invested approximately $4.17 million in Unity Software Inc., acquiring 212,621 shares during the first quarter.
• Institutional investors, including Vanguard Group and Ameriprise Financial, have significantly increased their holdings in Unity Software, with Vanguard owning over 32 million shares worth approximately $645 million.
• Unity Software's stock has seen a trading increase of 7.6%, and the company's latest quarterly report showed revenues of $440.94 million, though it missed EPS estimates.

Nishkama Capital LLC acquired a new position in shares of Unity Software Inc. (NYSE:U - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 212,621 shares of the company's stock, valued at approximately $4,165,000. Unity Software accounts for about 0.4% of Nishkama Capital LLC's holdings, making the stock its 26th biggest position. Nishkama Capital LLC owned about 0.05% of Unity Software as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Cornerstone Planning Group LLC grew its position in shares of Unity Software by 30,300.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company's stock worth $25,000 after buying an additional 1,212 shares during the period. Anderson Financial Strategies LLC acquired a new stake in shares of Unity Software during the 4th quarter worth approximately $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Unity Software in the 4th quarter valued at $36,000. Itau Unibanco Holding S.A. grew its position in Unity Software by 150.4% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,778 shares of the company's stock valued at $40,000 after purchasing an additional 1,068 shares during the period. Finally, GAMMA Investing LLC grew its position in Unity Software by 72.5% in the 1st quarter. GAMMA Investing LLC now owns 2,822 shares of the company's stock valued at $55,000 after purchasing an additional 1,186 shares during the period. Institutional investors and hedge funds own 73.46% of the company's stock.

Insider Buying and Selling

In related news, COO Alexander Blum sold 63,813 shares of Unity Software stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $39.41, for a total value of $2,514,870.33. Following the completion of the sale, the chief operating officer directly owned 603,811 shares in the company, valued at approximately $23,796,191.51. This trade represents a 9.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tomer Bar-Zeev sold 50,000 shares of Unity Software stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $33.18, for a total value of $1,659,000.00. Following the completion of the sale, the director owned 2,148,146 shares of the company's stock, valued at $71,275,484.28. The trade was a 2.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,004,655 shares of company stock worth $30,421,811 in the last three months. 3.61% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on U shares. UBS Group lifted their price target on shares of Unity Software from $22.00 to $33.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Morgan Stanley lifted their price target on shares of Unity Software from $25.00 to $40.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. JMP Securities lifted their price target on shares of Unity Software from $30.00 to $35.00 and gave the company a "market outperform" rating in a research report on Thursday, August 7th. 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 target for the company. Finally, Wells Fargo & Company lifted their price target on shares of Unity Software from $24.00 to $29.00 and gave the company an "equal weight" rating in a research report on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $31.20.

Unity Software Price Performance

Shares of NYSE:U traded down $0.78 during trading on Friday, reaching $39.39. The company had a trading volume of 10,191,594 shares, compared to its average volume of 14,598,579. The company has a fifty day moving average of $32.53 and a two-hundred day moving average of $25.69. 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 stock has a market capitalization of $16.64 billion, a P/E ratio of -37.16 and a beta of 2.32. Unity Software Inc. has a 12 month low of $15.33 and a 12 month high of $41.41.

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

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.