Alpha Family Trust Sells 248,681 Shares of Unity Software Inc. $U

Alpha Family Trust cut its stake in Unity Software Inc. (NYSE:U) by 90.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,252 shares of the company’s stock after selling 248,681 shares during the quarter. Alpha Family Trust’s holdings in Unity Software were worth $1,091,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ARK Investment Management LLC boosted its stake in Unity Software by 10.8% in the 3rd quarter. ARK Investment Management LLC now owns 976,973 shares of the company’s stock worth $39,118,000 after purchasing an additional 95,341 shares during the period. Cresset Asset Management LLC lifted its holdings in shares of Unity Software by 31.5% in the third quarter. Cresset Asset Management LLC now owns 27,265 shares of the company’s stock worth $1,092,000 after buying an additional 6,535 shares in the last quarter. AustralianSuper Pty Ltd bought a new position in shares of Unity Software in the third quarter valued at approximately $7,446,000. Picton Mahoney Asset Management grew its stake in Unity Software by 227.0% during the third quarter. Picton Mahoney Asset Management now owns 106,253 shares of the company’s stock valued at $4,254,000 after acquiring an additional 73,763 shares in the last quarter. Finally, Arvin Capital Management LP purchased a new position in Unity Software during the third quarter valued at approximately $9,396,000. 73.46% of the stock is currently owned by institutional investors.

Insider Transactions at Unity Software

In other news, Director Tomer Bar-Zeev sold 50,000 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $47.00, for a total value of $2,350,000.00. Following the completion of the sale, the director owned 873,146 shares of the company’s stock, valued at approximately $41,037,862. This represents a 5.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Mark Barrysmith sold 10,578 shares of Unity Software stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $18.07, for a total transaction of $191,144.46. Following the completion of the transaction, the chief accounting officer owned 383,901 shares in the company, valued at approximately $6,937,091.07. The trade was a 2.68% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 933,233 shares of company stock worth $45,387,419. Corporate insiders own 3.61% of the company’s stock.

Wall Street Analyst Weigh In

U has been the topic of several recent analyst reports. Macquarie Infrastructure upgraded shares of Unity Software from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $33.00 to $50.00 in a research note on Friday, November 7th. Citizens Jmp lowered their price objective on Unity Software from $50.00 to $37.00 and set a “market outperform” rating on the stock in a research report on Thursday, February 12th. Needham & Company LLC reissued a “buy” rating and set a $50.00 price objective on shares of Unity Software in a research note on Wednesday, February 11th. Jefferies Financial Group upped their target price on Unity Software from $49.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, January 5th. Finally, The Goldman Sachs Group lowered their price target on Unity Software from $47.00 to $27.00 and set a “neutral” rating on the stock in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $39.73.

Unity Software Price Performance

U opened at $20.31 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $8.79 billion, a P/E ratio of -21.16, a PEG ratio of 10.74 and a beta of 2.14. The stock has a 50-day moving average price of $32.95 and a 200-day moving average price of $38.19. Unity Software Inc. has a 12-month low of $15.33 and a 12-month high of $52.15.

Unity Software (NYSE:U) last released its earnings results on Wednesday, February 11th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. Unity Software had a negative return on equity of 4.76% and a negative net margin of 21.77%.The company had revenue of $503.09 million during the quarter, compared to the consensus estimate of $490.64 million. During the same quarter in the previous year, the company posted ($0.30) EPS. Unity Software’s quarterly revenue was up 10.1% compared to the same quarter last year. Equities analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

About Unity Software

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.