12 West Capital Management LP Invests $38.64 Million in Unity Software Inc. $U

12 West Capital Management LP bought a new position in shares of Unity Software Inc. (NYSE:U) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 965,000 shares of the company’s stock, valued at approximately $38,639,000. Unity Software accounts for approximately 4.0% of 12 West Capital Management LP’s portfolio, making the stock its 7th largest holding. 12 West Capital Management LP owned about 0.23% of Unity Software as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in Unity Software by 10.8% during the third quarter. GAMMA Investing LLC now owns 2,967 shares of the company’s stock worth $119,000 after acquiring an additional 288 shares during the period. Newbridge Financial Services Group Inc. grew its position in shares of Unity Software by 12.9% in the third quarter. Newbridge Financial Services Group Inc. now owns 2,696 shares of the company’s stock valued at $108,000 after purchasing an additional 308 shares during the period. Xponance Inc. grew its position in shares of Unity Software by 1.8% in the third quarter. Xponance Inc. now owns 18,291 shares of the company’s stock valued at $732,000 after purchasing an additional 328 shares during the period. Allworth Financial LP increased its stake in shares of Unity Software by 28.4% during the second quarter. Allworth Financial LP now owns 1,865 shares of the company’s stock worth $45,000 after purchasing an additional 412 shares in the last quarter. Finally, Captrust Financial Advisors increased its stake in shares of Unity Software by 2.1% during the second quarter. Captrust Financial Advisors now owns 22,330 shares of the company’s stock worth $540,000 after purchasing an additional 462 shares in the last quarter. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on U shares. Citizens Jmp decreased their price target on shares of Unity Software from $50.00 to $37.00 and set a “market outperform” rating on the stock in a research note on Thursday, February 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Unity Software in a research note on Wednesday, January 21st. Oppenheimer raised Unity Software from a “market perform” rating to an “outperform” rating and set a $38.00 target price for the company in a report on Tuesday, February 10th. Benchmark restated a “hold” rating on shares of Unity Software in a research report on Monday, February 2nd. Finally, Wall Street Zen raised Unity Software from a “hold” rating to a “buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.73.

Unity Software Stock Down 0.1%

U stock opened at $19.42 on Friday. The company has a market cap of $8.41 billion, a price-to-earnings ratio of -20.23, a PEG ratio of 10.42 and a beta of 2.14. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.52. Unity Software Inc. has a 12 month low of $15.33 and a 12 month high of $52.15. The firm has a 50-day moving average of $29.51 and a two-hundred day moving average of $37.31.

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

Insider Transactions at Unity Software

In related news, CAO Mark Barrysmith sold 10,578 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $18.07, for a total transaction of $191,144.46. Following the completion of the sale, the chief accounting officer directly owned 383,901 shares in the company, valued at approximately $6,937,091.07. This trade represents a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jarrod Yahes sold 12,196 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $18.07, for a total transaction of $220,381.72. Following the completion of the transaction, the chief financial officer owned 533,933 shares in the company, valued at $9,648,169.31. The trade was a 2.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 41,684 shares of company stock worth $773,350 in the last quarter. Company insiders own 3.61% of the company’s stock.

Unity Software Company Profile

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.