16,282 Shares in Unity Software Inc. (NYSE:U) Purchased by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC purchased a new position in shares of Unity Software Inc. (NYSE:U - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 16,282 shares of the company's stock, valued at approximately $319,000.

Other institutional investors have also added to or reduced their stakes in the company. Anderson Financial Strategies LLC bought a new stake in Unity Software during the 4th quarter worth approximately $28,000. Principal Securities Inc. grew its holdings in shares of Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock valued at $32,000 after acquiring an additional 477 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Unity Software in the fourth quarter valued at approximately $36,000. Itau Unibanco Holding S.A. grew its holdings in shares of Unity Software by 150.4% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,778 shares of the company's stock valued at $40,000 after acquiring an additional 1,068 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new position in shares of Unity Software in the fourth quarter valued at approximately $40,000. 73.46% of the stock is owned by institutional investors and hedge funds.

Unity Software Price Performance

Shares of U stock traded up $0.79 on Monday, reaching $24.45. The company's stock had a trading volume of 9,196,495 shares, compared to its average volume of 11,431,736. The stock's 50 day simple moving average is $22.00 and its 200-day simple moving average is $22.44. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $30.88. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $10.16 billion, a P/E ratio of -14.55 and a beta of 2.34.

Unity Software (NYSE:U - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.19) earnings per share for the quarter, beating analysts' consensus estimates of ($0.38) by $0.19. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The business had revenue of $435.00 million for the quarter, compared to the consensus estimate of $415.77 million. During the same quarter last year, the business posted $0.28 earnings per share. The company's revenue for the quarter was down 5.5% on a year-over-year basis. As a group, equities analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

U has been the subject of several recent analyst reports. Citigroup raised Unity Software from a "neutral" rating to a "buy" rating and set a $30.00 target price for the company in a report on Tuesday, March 11th. Citizens Jmp upgraded Unity Software from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. Hsbc Global Res upgraded Unity Software to a "strong-buy" rating in a research note on Friday, February 21st. Barclays dropped their target price on Unity Software from $26.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Finally, Stifel Nicolaus dropped their target price on Unity Software from $35.00 to $28.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Unity Software presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.14.

Insider Buying and Selling at Unity Software

In other news, SVP Anirma Gupta sold 46,957 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $21.24, for a total transaction of $997,366.68. Following the transaction, the senior vice president now directly owns 644,952 shares of the company's stock, valued at approximately $13,698,780.48. This trade represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tomer Bar-Zeev sold 166,667 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $20.04, for a total value of $3,340,006.68. Following the transaction, the director now directly owns 2,981,479 shares in the company, valued at $59,748,839.16. This trade represents a 5.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,294,611 shares of company stock worth $30,506,382 over the last 90 days. Corporate insiders own 3.61% of the company's stock.

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.