RPG Investment Advisory LLC Buys 32,120 Shares of Unity Software Inc. $U

Key Points

• RPG Investment Advisory LLC has significantly increased its stake in Unity Software Inc. by **178.7%**, acquiring 32,120 shares, bringing its total holdings to 50,090 shares valued at approximately **$981,000**.
• Multiple institutional investors are showing interest in Unity Software, with Cornerstone Planning Group LLC boosting its stake by **30,300%**, now owning 1,216 shares valued at **$25,000**.
• Unity Software's latest earnings report revealed a loss of **($0.26) EPS**, slightly missing analysts' expectations, although revenue for the quarter was higher than predicted at **$440.94 million**.

RPG Investment Advisory LLC grew its holdings in Unity Software Inc. (NYSE:U - Free Report) by 178.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,090 shares of the company's stock after purchasing an additional 32,120 shares during the quarter. RPG Investment Advisory LLC's holdings in Unity Software were worth $981,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cornerstone Planning Group LLC boosted its stake in 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 acquiring an additional 1,212 shares during the last quarter. Anderson Financial Strategies LLC bought a new position in Unity Software during the 4th quarter worth approximately $28,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Unity Software during the 4th quarter worth approximately $36,000. Itau Unibanco Holding S.A. boosted its stake in Unity Software by 150.4% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,778 shares of the company's stock worth $40,000 after acquiring an additional 1,068 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Unity Software by 72.5% during the 1st quarter. GAMMA Investing LLC now owns 2,822 shares of the company's stock worth $55,000 after acquiring an additional 1,186 shares during the last quarter. Institutional investors own 73.46% of the company's stock.

Unity Software Trading Up 1.0%

Shares of U stock traded up $0.40 during trading hours on Wednesday, hitting $40.47. 4,170,830 shares of the company were exchanged, compared to its average volume of 12,415,193. Unity Software Inc. has a fifty-two week low of $15.33 and a fifty-two week high of $40.88. The company has a 50 day simple moving average of $31.55 and a two-hundred day simple moving average of $25.31. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.73 and a current ratio of 2.73. The firm has a market cap of $17.10 billion, a P/E ratio of -38.10 and a beta of 2.32.

Unity Software (NYSE:U - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.01). The company 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%. Unity Software's revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.32) earnings per share. Equities analysts anticipate that Unity Software Inc. will post -1.25 EPS for the current year.

Insiders Place Their Bets

In other Unity Software news, CAO Mark Barrysmith sold 1,011 shares of Unity Software stock in a transaction dated Wednesday, July 16th. The stock was 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 of the company's stock, valued at $14,999,215.60. The trade was a 0.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Anirma Gupta sold 10,819 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $39.32, for a total value of $425,403.08. Following the transaction, the senior vice president directly owned 630,749 shares of the company's stock, valued at $24,801,050.68. The trade was a 1.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 820,842 shares of company stock worth $23,103,341 in the last ninety days. 3.61% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on U shares. Citigroup lifted their price target on shares of Unity Software from $29.00 to $44.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Barclays boosted their price objective on shares of Unity Software from $25.00 to $30.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 7th. Jefferies Financial Group boosted their price objective on shares of Unity Software from $29.00 to $35.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Needham & Company LLC boosted their target price on shares of Unity Software from $30.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, JMP Securities boosted their target price on shares of Unity Software from $30.00 to $35.00 and gave the stock a "market outperform" rating in a report on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Unity Software has an average rating of "Moderate Buy" and a consensus price target of $31.20.

About Unity Software

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.