104,256 Shares in Unity Software Inc. $U Acquired by Sender Co & Partners Inc.

Key Points

• Sender Co & Partners Inc. has acquired a new position in Unity Software Inc., purchasing 104,256 shares valued at approximately $2,042,000, making Unity 1.1% of their investment portfolio.
• Several hedge funds have increased their holdings in Unity Software, with Cornerstone Planning Group LLC raising its stake by 30,300.0%, now owning 1,216 shares valued at $25,000.
• Wall Street analysts have recently shifted their outlook on Unity Software, with price targets ranging from $30.00 to $44.00, reflecting a range of ratings from "Strong Buy" to "Hold."

Sender Co & Partners Inc. bought a new stake in shares of Unity Software Inc. (NYSE:U - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 104,256 shares of the company's stock, valued at approximately $2,042,000. Unity Software accounts for about 1.1% of Sender Co & Partners Inc.'s holdings, making the stock its 24th largest holding.

A number of other institutional investors also recently bought and sold shares of U. Amalgamated Bank grew its position in Unity Software by 3.0% in the 1st quarter. Amalgamated Bank now owns 18,132 shares of the company's stock valued at $355,000 after acquiring an additional 525 shares during the last quarter. Bouvel Investment Partners LLC lifted its holdings in shares of Unity Software by 1.7% during the first quarter. Bouvel Investment Partners LLC now owns 35,595 shares of the company's stock worth $697,000 after purchasing an additional 580 shares during the period. Signaturefd LLC lifted its holdings in shares of Unity Software by 26.3% during the first quarter. Signaturefd LLC now owns 3,658 shares of the company's stock worth $72,000 after purchasing an additional 762 shares during the period. Jessup Wealth Management Inc boosted its holdings in Unity Software by 4.3% during the first quarter. Jessup Wealth Management Inc now owns 23,667 shares of the company's stock worth $464,000 after buying an additional 985 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in shares of Unity Software by 0.4% in the fourth quarter. California State Teachers Retirement System now owns 261,740 shares of the company's stock valued at $5,881,000 after buying an additional 1,031 shares in the last quarter. 73.46% of the stock is owned by institutional investors.

Insider Activity at Unity Software

In related news, CEO Matthew S. Bromberg sold 120,000 shares of the company's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $40.03, for a total value of $4,803,600.00. Following the completion of the sale, the chief executive officer owned 1,222,812 shares in the company, valued at approximately $48,949,164.36. This represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director David Helgason sold 1,350,000 shares of the company's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $44.43, for a total value of $59,980,500.00. Following the transaction, the director directly owned 6,139,173 shares of the company's stock, valued at $272,763,456.39. This represents a 18.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,981,485 shares of company stock worth $82,447,777 in the last three months. Company insiders own 3.61% of the company's stock.

Unity Software Trading Down 0.1%

U traded down $0.03 on Friday, reaching $43.37. 5,133,278 shares of the company's stock were exchanged, compared to its average volume of 12,339,658. The company's 50 day moving average is $35.76 and its 200-day moving average is $26.86. The company has a market cap of $18.32 billion, a price-to-earnings ratio of -40.81 and a beta of 2.33. 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 twelve month low of $15.33 and a twelve month high of $46.00.

Unity Software (NYSE:U - Get Free Report) last issued 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). Unity Software had a negative return on equity of 13.59% and a negative net margin of 24.38%.The company had revenue of $440.94 million for the quarter, compared to the consensus estimate of $425.18 million. During the same quarter in the previous year, the company earned ($0.32) earnings per share. Unity Software's quarterly revenue was down 1.9% compared to the same quarter last year. Equities analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on U. JMP Securities increased their target price 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. Barclays increased their target price on shares of Unity Software from $25.00 to $30.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 7th. Morgan Stanley increased their target price on Unity Software from $25.00 to $40.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Wedbush increased their target price on Unity Software from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Finally, Zacks Research downgraded shares of Unity Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Unity Software has an average rating of "Moderate Buy" and an average target price of $31.20.

Unity Software Company 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.