18,381 Shares in Unity Software Inc. (NYSE:U) Acquired by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC acquired a new stake in Unity Software Inc. (NYSE:U - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 18,381 shares of the company's stock, valued at approximately $413,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Anderson Financial Strategies LLC purchased a new stake in Unity Software during the fourth quarter worth approximately $28,000. R Squared Ltd acquired a new stake in Unity Software during the fourth quarter worth approximately $30,000. Principal Securities Inc. lifted its position in shares of Unity Software by 50.5% during the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock worth $32,000 after buying an additional 477 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Unity Software during the 4th quarter worth approximately $36,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Unity Software in the 4th quarter valued at $40,000. 73.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on U. Jefferies Financial Group reduced their price target on shares of Unity Software from $24.00 to $16.00 and set a "hold" rating for the company in a research report on Monday, April 7th. Wedbush downgraded Unity Software from a "strong-buy" rating to a "strong sell" rating in a report on Wednesday, May 7th. JMP Securities reissued a "market perform" rating on shares of Unity Software in a research report on Monday, February 3rd. Stifel Nicolaus dropped their price target on Unity Software from $35.00 to $28.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, HSBC upgraded Unity Software from a "hold" rating to a "buy" rating and set a $34.00 price objective for the company in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Unity Software presently has an average rating of "Hold" and an average price target of $24.21.

Unity Software Stock Performance

Shares of U stock traded down $1.39 during mid-day trading on Wednesday, hitting $20.85. The stock had a trading volume of 9,934,669 shares, compared to its average volume of 10,972,123. The firm has a market cap of $8.67 billion, a PE ratio of -12.41 and a beta of 2.29. The company's 50-day simple moving average is $20.57 and its 200-day simple moving average is $22.07. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $30.88.

Unity Software (NYSE:U - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.19) EPS for the quarter, beating analysts' consensus estimates of ($0.38) by $0.19. The firm had revenue of $435.00 million during the quarter, compared to the consensus estimate of $415.77 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The firm's revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 earnings per share. Sell-side analysts anticipate that Unity Software Inc. will post -1.25 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Mark Barrysmith sold 12,019 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $25.42, for a total value of $305,522.98. Following the completion of the transaction, the chief accounting officer now directly owns 438,862 shares of the company's stock, valued at $11,155,872.04. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Anirma Gupta sold 31,948 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $25.23, for a total value of $806,048.04. Following the sale, the senior vice president now directly owns 542,942 shares in the company, valued at approximately $13,698,426.66. The trade was a 5.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 781,785 shares of company stock valued at $18,023,491 over the last quarter. Company insiders own 6.30% of the company's stock.

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.