GAMMA Investing LLC Invests $28,000 in Unity Software Inc. (NYSE:U)

GAMMA Investing LLC bought a new position in Unity Software Inc. (NYSE:U) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 689 shares of the company’s stock, valued at approximately $28,000.

A number of other hedge funds have also recently modified their holdings of U. Northern Trust Corp boosted its position in Unity Software by 4.8% during the third quarter. Northern Trust Corp now owns 1,583,326 shares of the company’s stock worth $49,701,000 after purchasing an additional 72,770 shares in the last quarter. Natixis Advisors L.P. boosted its position in Unity Software by 3.2% during the third quarter. Natixis Advisors L.P. now owns 13,226 shares of the company’s stock worth $415,000 after purchasing an additional 407 shares in the last quarter. Compagnie Lombard Odier SCmA boosted its position in Unity Software by 20.3% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 3,670 shares of the company’s stock worth $150,000 after purchasing an additional 620 shares in the last quarter. Graham Capital Management L.P. purchased a new position in Unity Software during the third quarter worth approximately $414,000. Finally, LA Financiere DE L Echiquier boosted its position in Unity Software by 25.3% during the fourth quarter. LA Financiere DE L Echiquier now owns 399,600 shares of the company’s stock worth $16,340,000 after purchasing an additional 80,600 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Insiders Place Their Bets

In other Unity Software news, CMO Carol W. Carpenter sold 2,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $24.18, for a total transaction of $48,360.00. Following the completion of the sale, the chief marketing officer now owns 442,617 shares of the company’s stock, valued at $10,702,479.06. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CMO Carol W. Carpenter sold 2,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $24.18, for a total transaction of $48,360.00. Following the completion of the transaction, the chief marketing officer now directly owns 442,617 shares in the company, valued at $10,702,479.06. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Felix The sold 4,374 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $32.55, for a total value of $142,373.70. Following the transaction, the senior vice president now owns 298,948 shares of the company’s stock, valued at $9,730,757.40. The disclosure for this sale can be found here. Insiders sold a total of 338,917 shares of company stock valued at $9,460,820 over the last quarter. 6.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

U has been the topic of a number of recent analyst reports. Piper Sandler upgraded Unity Software from an “underweight” rating to a “neutral” rating and lowered their price target for the stock from $35.00 to $30.00 in a research report on Tuesday, February 27th. 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. William Blair restated an “outperform” rating on shares of Unity Software in a research report on Tuesday, January 9th. Needham & Company LLC decreased their target price 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, Barclays decreased their target price on Unity Software from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $37.03.

Unity Software Price Performance

NYSE:U opened at $25.49 on Tuesday. Unity Software Inc. has a one year low of $22.20 and a one year high of $50.08. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.60 and a current ratio of 2.60. The stock has a market cap of $9.84 billion, a PE ratio of -11.80 and a beta of 2.40. The stock has a 50 day moving average price of $26.08 and a 200 day moving average price of $30.28.

Unity Software (NYSE:U) last posted its earnings results on Monday, February 26th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.89). The business had revenue of $609.27 million for the quarter, compared to analyst estimates of $551.01 million. Unity Software had a negative return on equity of 10.14% and a negative net margin of 37.64%. Unity Software’s revenue was up 35.1% compared to the same quarter last year. During the same period last year, the business earned ($0.50) EPS. Equities research analysts expect that Unity Software Inc. will post -0.63 EPS for the current fiscal year.

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.