Unity Software Inc. (NYSE:U) is CloudAlpha Capital Management Limited Hong Kong's 9th Largest Position

CloudAlpha Capital Management Limited Hong Kong lifted its stake in Unity Software Inc. (NYSE:U - Free Report) by 104.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 743,891 shares of the company's stock after purchasing an additional 379,891 shares during the period. Unity Software accounts for approximately 2.8% of CloudAlpha Capital Management Limited Hong Kong's holdings, making the stock its 9th largest holding. CloudAlpha Capital Management Limited Hong Kong owned about 0.20% of Unity Software worth $30,418,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Front Row Advisors LLC lifted its holdings in Unity Software by 15,550.0% during the second quarter. Front Row Advisors LLC now owns 626 shares of the company's stock worth $27,000 after acquiring an additional 622 shares in the last quarter. Pacifica Partners Inc. bought a new position in Unity Software during the fourth quarter worth about $33,000. Huntington National Bank lifted its holdings in Unity Software by 665.0% during the third quarter. Huntington National Bank now owns 895 shares of the company's stock worth $28,000 after acquiring an additional 778 shares in the last quarter. IFP Advisors Inc lifted its holdings in Unity Software by 373.7% during the second quarter. IFP Advisors Inc now owns 919 shares of the company's stock worth $40,000 after acquiring an additional 725 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in Unity Software by 74.5% during the first quarter. Geneos Wealth Management Inc. now owns 977 shares of the company's stock worth $96,000 after acquiring an additional 417 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

U has been the topic of a number of research reports. Stifel Nicolaus boosted their price target on Unity Software from $32.00 to $35.00 and gave the company a "buy" rating in a report on Friday, March 1st. Macquarie downgraded Unity Software from a "neutral" rating to an "underperform" rating and set a $20.00 target price on the stock. in a research report on Monday, February 12th. Piper Sandler raised Unity Software from an "underweight" rating to a "neutral" rating and lowered their target price for the company from $35.00 to $30.00 in a research report on Tuesday, February 27th. Needham & Company LLC lowered their price target on Unity Software from $40.00 to $31.00 and set a "buy" rating on the stock in a research report on Tuesday, February 27th. Finally, Wedbush lowered their price target on Unity Software from $50.00 to $33.50 and set an "outperform" rating on the stock in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $37.03.

Unity Software Stock Down 0.9 %

Shares of U traded down $0.21 during trading hours on Wednesday, hitting $23.73. The stock had a trading volume of 4,132,420 shares, compared to its average volume of 10,205,055. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.60 and a quick ratio of 2.60. The firm has a 50 day simple moving average of $28.31 and a 200-day simple moving average of $30.73. The firm has a market capitalization of $9.16 billion, a P/E ratio of -10.99 and a beta of 2.42. Unity Software Inc. has a 1-year low of $22.20 and a 1-year high of $50.08.

Unity Software (NYSE:U - Get Free Report) last issued its earnings results on Monday, February 26th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of $0.23 by ($0.89). The firm had revenue of $609.27 million during the quarter, compared to analyst estimates of $551.01 million. Unity Software had a negative net margin of 37.64% and a negative return on equity of 10.14%. The business's quarterly revenue was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.50) earnings per share. Sell-side analysts predict that Unity Software Inc. will post -0.63 EPS for the current fiscal year.

Insider Transactions at Unity Software

In other news, CMO Carol W. Carpenter sold 2,000 shares of the business's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $26.58, for a total value of $53,160.00. Following the transaction, the chief marketing officer now owns 444,617 shares in the company, valued at approximately $11,817,919.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $26.59, for a total value of $6,647,500.00. Following the sale, the director now owns 4,498,146 shares of the company's stock, valued at approximately $119,605,702.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Carol W. Carpenter sold 2,000 shares of Unity Software stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $26.58, for a total transaction of $53,160.00. Following the completion of the sale, the chief marketing officer now directly owns 444,617 shares in the company, valued at approximately $11,817,919.86. The disclosure for this sale can be found here. Insiders have sold 341,723 shares of company stock worth $9,577,516 in the last 90 days. Insiders own 9.00% 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.