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

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Cornerstone Planning Group LLC raised its holdings in Unity Software by 30,300.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company's stock valued at $25,000 after acquiring an additional 1,212 shares during the period. Anderson Financial Strategies LLC bought a new stake in Unity Software in the fourth quarter valued at $28,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Unity Software in the fourth quarter valued at $36,000. Itau Unibanco Holding S.A. boosted its holdings 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 grew its holdings in shares of Unity Software by 72.5% in the first quarter. GAMMA Investing LLC now owns 2,822 shares of the company's stock valued at $55,000 after acquiring an additional 1,186 shares in the last quarter. 73.46% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Shlomo Dovrat sold 50,000 shares of the company's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $30.01, for a total transaction of $1,500,500.00. Following the completion of the sale, the director owned 189,089 shares in the company, valued at approximately $5,674,560.89. This represents a 20.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Alexander Blum sold 2,582 shares of the company's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $32.99, for a total value of $85,180.18. Following the completion of the transaction, the chief operating officer directly owned 716,926 shares of the company's stock, valued at approximately $23,651,388.74. This trade represents a 0.36% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,214,694 shares of company stock valued at $31,384,519. 3.61% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on U shares. JMP Securities increased their target price on shares of Unity Software from $30.00 to $35.00 and gave the stock a "market outperform" rating in a research note on Thursday, August 7th. Barclays increased their price target on shares of Unity Software from $25.00 to $30.00 and gave the company an "equal weight" rating in a report on Thursday, August 7th. Citigroup upped their target price on shares of Unity Software from $29.00 to $44.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Needham & Company LLC upped their price target on shares of Unity Software from $30.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Finally, Morgan Stanley upped their target price on shares of Unity Software from $25.00 to $40.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $31.20.

Unity Software Stock Performance

Unity Software stock traded up $0.64 during trading hours on Monday, reaching $39.80. 12,892,798 shares of the stock were exchanged, compared to its average volume of 12,465,813. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.73 and a current ratio of 2.73. Unity Software Inc. has a 52-week low of $15.33 and a 52-week high of $39.94. The stock has a market cap of $16.82 billion, a P/E ratio of -37.55 and a beta of 2.32. The firm's 50 day moving average is $30.92 and its 200 day moving average is $25.08.

Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.26) EPS for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.01). The company had revenue of $440.94 million for the quarter, compared to analysts' expectations of $425.18 million. Unity Software had a negative return on equity of 13.59% and a negative net margin of 24.38%.The company's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.32) EPS. Analysts predict that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

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.