Unity Software Inc. $U Shares Purchased by Gotham Asset Management LLC

Key Points

• Gotham Asset Management LLC increased its stake in Unity Software Inc. by 6.1% during the 1st quarter, now owning a total of 625,153 shares valued at approximately $12.2 million.
• Wall Street analysts have raised their target prices for Unity Software, with Morgan Stanley and Needham & Company setting targets as high as $40.00, indicating strong potential growth for the stock.
• Recent insider trades show significant stock sales by company executives, including SVP Anirma Gupta and COO Alexander Blum, who sold shares at an average price around $39.40.

Gotham Asset Management LLC raised its holdings in shares of Unity Software Inc. (NYSE:U - Free Report) by 6.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 625,153 shares of the company's stock after buying an additional 35,694 shares during the period. Gotham Asset Management LLC owned about 0.15% of Unity Software worth $12,247,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC boosted its position 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 buying an additional 1,212 shares during the period. Banque Transatlantique SA purchased a new stake in shares of Unity Software in the 1st quarter worth approximately $28,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Unity Software during the 4th quarter worth approximately $36,000. GAMMA Investing LLC raised its stake in shares of 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 in the last quarter. Finally, Signaturefd LLC raised its stake in shares of Unity Software by 26.3% during the 1st quarter. Signaturefd LLC now owns 3,658 shares of the company's stock worth $72,000 after acquiring an additional 762 shares in the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.

Unity Software Stock Performance

NYSE U traded down $0.42 during mid-day trading on Friday, reaching $42.98. 3,344,102 shares of the stock were exchanged, compared to its average volume of 12,327,274. 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 company has a market capitalization of $18.16 billion, a P/E ratio of -40.51 and a beta of 2.33. Unity Software Inc. has a 1 year low of $15.33 and a 1 year high of $46.00. The business's 50 day moving average is $35.76 and its 200-day moving average is $26.86.

Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.26) earnings per share (EPS) 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 analysts' expectations of $425.18 million. Unity Software had a negative net margin of 24.38% and a negative return on equity of 13.59%. The business's revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.32) earnings per share. On average, equities research analysts forecast that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Needham & Company LLC boosted their price objective on shares of Unity Software from $30.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. BTIG Research lowered shares of Unity Software from a "neutral" rating to a "sell" rating and set a $25.00 price objective for the company. in a research note on Wednesday, July 23rd. Jefferies Financial Group upped their price target on shares of Unity Software from $29.00 to $35.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. UBS Group upped their price target on shares of Unity Software from $22.00 to $33.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Finally, Barclays upped their price target on shares of Unity Software from $25.00 to $30.00 and gave the company an "equal weight" rating in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $31.20.

Insider Buying and Selling at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 150,000 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $37.75, for a total transaction of $5,662,500.00. Following the transaction, the director directly owned 1,948,146 shares of the company's stock, valued at $73,542,511.50. This trade represents a 7.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David Helgason sold 1,350,000 shares of the firm's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $44.43, for a total transaction of $59,980,500.00. Following the completion of the transaction, the director directly owned 6,139,173 shares in the company, valued at approximately $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. Over the last quarter, insiders sold 1,981,485 shares of company stock valued at $82,447,777. 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.