Graham Capital Management L.P. Purchases New Position in Unity Software Inc. (NYSE:U)

Graham Capital Management L.P. purchased a new position in shares of Unity Software Inc. (NYSE:U - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 66,995 shares of the company's stock, valued at approximately $1,505,000.

Several other institutional investors also recently modified their holdings of U. Anderson Financial Strategies LLC bought a new position in Unity Software during the 4th quarter worth approximately $28,000. R Squared Ltd bought a new position in Unity Software during the 4th quarter worth approximately $30,000. Principal Securities Inc. boosted its stake in 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 acquiring an additional 477 shares during the last quarter. GAMMA Investing LLC boosted its stake in Unity Software by 33.6% during the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company's stock worth $37,000 after acquiring an additional 411 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new position in Unity Software during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 73.46% of the company's stock.

Unity Software Stock Up 7.3%

Shares of NYSE U traded up $1.55 during midday trading on Friday, reaching $22.77. The company's stock had a trading volume of 13,658,462 shares, compared to its average volume of 10,947,312. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock has a 50 day simple moving average of $20.52 and a 200-day simple moving average of $22.04. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $30.88. The stock has a market capitalization of $9.46 billion, a price-to-earnings ratio of -13.55 and a beta of 2.29.

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

Insider Activity

In related news, COO Alexander Blum sold 1,479 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $25.26, for a total transaction of $37,359.54. Following the transaction, the chief operating officer now directly owns 495,648 shares of the company's stock, valued at approximately $12,520,068.48. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mark Barrysmith sold 1,395 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $21.68, for a total transaction of $30,243.60. Following the completion of the transaction, the chief accounting officer now directly owns 450,881 shares in the company, valued at approximately $9,775,100.08. This represents a 0.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 783,645 shares of company stock valued at $18,063,816 over the last ninety days. 6.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

U has been the topic of several recent analyst reports. Wells Fargo & Company reduced their price objective on shares of Unity Software from $22.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Jefferies Financial Group reduced their price objective on shares of Unity Software from $24.00 to $16.00 and set a "hold" rating on the stock in a research note on Monday, April 7th. Stifel Nicolaus reduced their price objective on shares of Unity Software from $35.00 to $28.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Citigroup raised shares of Unity Software from a "neutral" rating to a "buy" rating and set a $30.00 price objective on the stock in a research note on Tuesday, March 11th. Finally, Benchmark raised shares of Unity Software from a "sell" rating to a "hold" rating in a research note on Thursday, February 20th. One investment 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 company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $24.21.

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.