Signaturefd LLC grew its holdings in Unity Software Inc. (NYSE:U–Get Rating) by 102.6% in the first quarter,HoldingsChannel.comreports. The institutional investor owned 2,348 shares of the company’s stock after acquiring an additional 1,189 shares during the period. Signaturefd LLC’s holdings in Unity Software were worth $233,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently made changes to their positions in U. Harbor Investment Advisory LLC bought a new position in shares of Unity Software during the first quarter worth approximately $41,000. CWM LLC increased its stake in shares of Unity Software by 70.9% during the first quarter. CWM LLC now owns 2,319 shares of the company’s stock worth $230,000 after purchasing an additional 962 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Unity Software by 30.8% during the fourth quarter. Russell Investments Group Ltd. now owns 7,819 shares of the company’s stock worth $1,117,000 after purchasing an additional 1,840 shares during the period. B. Riley Wealth Management Inc. bought a new position in shares of Unity Software during the fourth quarter worth approximately $254,000. Finally, IHT Wealth Management LLC increased its stake in shares of Unity Software by 11.3% during the fourth quarter. IHT Wealth Management LLC now owns 2,629 shares of the company’s stock worth $376,000 after purchasing an additional 266 shares during the period. 75.48% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Unity Software news, CFOLuis Felipe Visososold 33,804 shares of Unity Software stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $38.17, for a total transaction of $1,290,298.68. Following the transaction, the chief financial officer now directly owns 324,145 shares of the company’s stock, valued at approximately $12,372,614.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed throughthis link. In other news, CMO Carol W. Carpenter sold 8,186 shares of Unity Software stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $38.19, for a total value of $312,623.34. Following the completion of the transaction, the chief marketing officer now directly owns 221,194 shares of the company’s stock, valued at approximately $8,447,398.86. The transaction was disclosed in a filing with the SEC, which is accessible throughthis hyperlink. Also, CFOLuis Felipe Visososold 33,804 shares of Unity Software stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $38.17, for a total value of $1,290,298.68. Following the completion of the transaction, the chief financial officer now directly owns 324,145 shares of the company’s stock, valued at $12,372,614.65. The disclosure for this sale can be foundhere. In the last three months, insiders have sold 59,338 shares of company stock valued at $2,394,305. 6.90% of the stock is currently owned by company insiders.
Unity Software Trading Down 9.7 %
NYSE U opened at $36.47 on Monday. The company has a quick ratio of 3.53, a current ratio of 3.53 and a debt-to-equity ratio of 0.72. Unity Software Inc. has a twelve month low of $29.09 and a twelve month high of $210.00. The company has a market cap of $10.80 billion, a price-to-earnings ratio of -17.37 and a beta of 2.37. The business’s fifty day moving average is $39.19 and its 200 day moving average is $74.16.
Unity Software (NYSE:U–Get Rating) last released its quarterly earnings data on Tuesday, May 10th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.40) by ($0.04). Unity Software had a negative net margin of 50.40% and a negative return on equity of 20.50%. The firm had revenue of $320.13 million for the quarter, compared to analyst estimates of $321.17 million. During the same period last year, the business earned ($0.38) EPS. The company’s revenue was up 36.4% compared to the same quarter last year. As a group, sell-side analysts expect that Unity Software Inc. will post -1.68 EPS for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have recently weighed in on U. KeyCorp started coverage on Unity Software in a research note on Thursday, June 30th. They set a “sector weight” rating on the stock. Stifel Nicolaus lowered their price objective on Unity Software from $100.00 to $60.00 in a research note on Wednesday, July 13th. DA Davidson lowered their price objective on Unity Software from $85.00 to $60.00 in a research note on Thursday, July 14th. Credit Suisse Group lowered their price objective on Unity Software from $137.00 to $105.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 21st. Finally, Piper Sandler lowered Unity Software from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $55.00 to $34.00 in a research note on Wednesday, July 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $89.13.
source：defenseworld
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