Monolith Management Ltd Takes Position in Unity Software Inc. (NYSE:U)

Monolith Management Ltd bought a new position in shares of Unity Software Inc. (NYSE:U - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 326,250 shares of the company's stock, valued at approximately $13,340,000. Unity Software comprises about 7.0% of Monolith Management Ltd's holdings, making the stock its 5th largest position. Monolith Management Ltd owned 0.09% of Unity Software at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Unity Software by 8.3% in the 3rd quarter. Vanguard Group Inc. now owns 25,819,797 shares of the company's stock valued at $810,483,000 after buying an additional 1,972,435 shares during the period. ARK Investment Management LLC increased its holdings in shares of Unity Software by 6.2% during the fourth quarter. ARK Investment Management LLC now owns 12,189,778 shares of the company's stock valued at $498,440,000 after acquiring an additional 712,579 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Unity Software by 14.7% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,131,625 shares of the company's stock worth $373,392,000 after purchasing an additional 1,170,058 shares during the period. Eagle Asset Management Inc. acquired a new position in shares of Unity Software during the third quarter worth approximately $82,988,000. Finally, Artisan Partners Limited Partnership lifted its holdings in shares of Unity Software by 69.7% in the 3rd quarter. Artisan Partners Limited Partnership now owns 2,431,829 shares of the company's stock worth $76,335,000 after purchasing an additional 998,467 shares in the last quarter. Institutional investors and hedge funds own 73.46% of the company's stock.

Insider Activity at Unity Software

In related news, insider Marc Whitten sold 7,232 shares of Unity Software stock in a transaction on Monday, February 26th. The shares were sold at an average price of $32.56, for a total value of $235,473.92. Following the sale, the insider now owns 989,707 shares in the company, valued at $32,224,859.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Marc Whitten sold 7,232 shares of the business's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $32.56, for a total value of $235,473.92. Following the sale, the insider now directly owns 989,707 shares of the company's stock, valued at approximately $32,224,859.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO James M. Whitehurst sold 44,091 shares of Unity Software stock in a transaction on Monday, February 26th. The shares were sold at an average price of $32.56, for a total value of $1,435,602.96. Following the transaction, the chief executive officer now owns 155,909 shares of the company's stock, valued at approximately $5,076,397.04. The disclosure for this sale can be found here. Insiders sold 338,917 shares of company stock worth $9,460,820 in the last ninety days. 6.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on U shares. Needham & Company LLC reissued a "buy" rating and set a $31.00 price objective on shares of Unity Software in a report on Friday, May 10th. JMP Securities reiterated a "market perform" rating on shares of Unity Software in a report on Friday, May 10th. Macquarie cut Unity Software from a "neutral" rating to an "underperform" rating and set a $20.00 price objective on the stock. in a research note on Monday, February 12th. The Goldman Sachs Group cut their price objective on shares of Unity Software from $29.00 to $26.00 and set a "neutral" rating on the stock in a report on Monday. Finally, Piper Sandler upgraded shares of 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 report on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $35.38.

Unity Software Price Performance

Unity Software stock traded down $0.65 during mid-day trading on Wednesday, hitting $22.38. 12,445,229 shares of the company traded hands, compared to its average volume of 9,815,576. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.15 and a current ratio of 2.15. Unity Software Inc. has a one year low of $21.60 and a one year high of $50.08. The stock has a market cap of $8.75 billion, a price-to-earnings ratio of -9.99 and a beta of 2.40. The stock has a fifty day moving average price of $25.30 and a 200-day moving average price of $30.15.

Unity Software (NYSE:U - Get Free Report) last announced its quarterly earnings data on Monday, February 26th. The company reported ($0.66) earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.89). Unity Software had a negative net margin of 40.11% and a negative return on equity of 7.73%. The firm had revenue of $609.27 million for the quarter, compared to analysts' expectations of $551.01 million. During the same period in the prior year, the business posted ($0.50) earnings per share. The business's quarterly revenue was up 35.1% on a year-over-year basis. On average, equities analysts predict that Unity Software Inc. will post -0.63 earnings per share for the current fiscal year.

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.