Unity Software Inc. (NYSE:U) Shares Acquired by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC grew its holdings in Unity Software Inc. (NYSE:U - Free Report) by 1,012.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 392,990 shares of the company's stock after purchasing an additional 357,653 shares during the period. Schonfeld Strategic Advisors LLC owned approximately 0.10% of Unity Software worth $8,830,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. R Squared Ltd acquired a new stake in shares of Unity Software in the fourth quarter valued at $30,000. Principal Securities Inc. increased its stake in Unity Software by 50.5% during the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock worth $32,000 after purchasing an additional 477 shares during the period. GAMMA Investing LLC lifted its position in shares of Unity Software by 33.6% during the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company's stock worth $37,000 after purchasing an additional 411 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Unity Software in the fourth quarter valued at approximately $40,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of Unity Software by 144.8% in the fourth quarter. Jones Financial Companies Lllp now owns 1,902 shares of the company's stock valued at $43,000 after purchasing an additional 1,125 shares in the last quarter. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Unity Software

In other news, COO Alexander Blum sold 1,479 shares of the company's stock in a transaction on 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 $12,520,068.48. This represents a 0.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Mark Barrysmith sold 1,595 shares of the firm's stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $18.43, for a total transaction of $29,395.85. Following the completion of the sale, the chief accounting officer now owns 481,822 shares of the company's stock, valued at $8,879,979.46. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 948,898 shares of company stock worth $21,531,869. 6.30% of the stock is currently owned by insiders.

Unity Software Stock Performance

U traded up $0.26 during trading on Friday, hitting $21.45. 6,120,066 shares of the stock were exchanged, compared to its average volume of 10,948,874. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $8.91 billion, a P/E ratio of -12.77 and a beta of 2.29. The stock has a fifty day moving average price of $21.08 and a two-hundred day moving average price of $22.01. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $30.88.

Unity Software (NYSE:U - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.05. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The company had revenue of $457.10 million for the quarter, compared to the consensus estimate of $433.47 million. As a group, sell-side analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current year.

Wall Street Analyst Weigh In

U has been the subject of several recent research reports. JMP Securities reissued a "market perform" rating on shares of Unity Software in a research report on Monday, February 3rd. Citigroup raised Unity Software from a "neutral" rating to a "buy" rating and set a $30.00 target price for the company in a research note on Tuesday, March 11th. Barclays lifted their price objective on Unity Software from $18.00 to $26.00 and gave the company an "equal weight" rating in a research note on Friday, February 21st. Jefferies Financial Group lowered their price objective on Unity Software from $24.00 to $16.00 and set a "hold" rating for the company in a research report on Monday, April 7th. Finally, Macquarie assumed coverage on shares of Unity Software in a report on Monday, March 10th. They issued a "neutral" rating and a $24.00 target price on the stock. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $24.29.

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.