Unity Software Inc. (NYSE:U) is CloudAlpha Capital Management Limited Hong Kong’s 9th Largest Position

CloudAlpha Capital Management Limited Hong Kong lifted its stake in Unity Software Inc. (NYSE:U) by 104.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 743,891 shares of the company’s stock after purchasing an additional 379,891 shares during the quarter. Unity Software comprises about 2.8% of CloudAlpha Capital Management Limited Hong Kong’s holdings, making the stock its 9th biggest position. CloudAlpha Capital Management Limited Hong Kong’s holdings in Unity Software were worth $30,418,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its holdings in Unity Software by 8.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,349 shares of the company’s stock worth $431,000 after buying an additional 350 shares during the period. MetLife Investment Management LLC purchased a new position in shares of Unity Software in the first quarter valued at about $967,000. Dimensional Fund Advisors LP boosted its stake in shares of Unity Software by 91.0% in the first quarter. Dimensional Fund Advisors LP now owns 6,954 shares of the company’s stock worth $690,000 after acquiring an additional 3,313 shares during the period. Sei Investments Co. grew its position in shares of Unity Software by 38.4% during the first quarter. Sei Investments Co. now owns 205,371 shares of the company’s stock worth $20,396,000 after purchasing an additional 56,958 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its position in shares of Unity Software by 684.9% during the first quarter. Canada Pension Plan Investment Board now owns 5,000 shares of the company’s stock worth $496,000 after purchasing an additional 4,363 shares in the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Unity Software

In other news, SVP Anirma Gupta sold 756 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $33.07, for a total value of $25,000.92. Following the sale, the senior vice president now directly owns 396,985 shares in the company, valued at $13,128,293.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Anirma Gupta sold 756 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $33.07, for a total value of $25,000.92. Following the completion of the transaction, the senior vice president now owns 396,985 shares of the company’s stock, valued at $13,128,293.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO James M. Whitehurst sold 44,091 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $32.56, for a total transaction of $1,435,602.96. Following the sale, the chief executive officer now owns 155,909 shares in the company, valued at approximately $5,076,397.04. The disclosure for this sale can be found here. In the last three months, insiders sold 341,723 shares of company stock worth $9,577,516. 9.00% of the stock is owned by corporate insiders.

Unity Software Price Performance

NYSE:U traded down $0.22 during trading hours on Wednesday, hitting $23.72. The company’s stock had a trading volume of 4,128,164 shares, compared to its average volume of 10,205,001. The business’s 50-day moving average is $28.48 and its two-hundred day moving average is $30.78. Unity Software Inc. has a 52-week low of $22.20 and a 52-week 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 company has a market capitalization of $9.15 billion, a PE ratio of -11.08 and a beta of 2.42.

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

Analysts Set New Price Targets

U has been the topic of several analyst reports. William Blair reaffirmed an “outperform” rating on shares of Unity Software in a report on Tuesday, January 9th. The Goldman Sachs Group boosted their price target on shares of Unity Software from $29.00 to $32.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 9th. Needham & Company LLC reduced their price target on Unity Software from $40.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, February 27th. Citigroup dropped their price objective on Unity Software from $50.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, February 28th. Finally, Piper Sandler upgraded Unity Software from an “underweight” rating to a “neutral” rating and lowered their target price for the company from $35.00 to $30.00 in a 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $37.03.

Unity Software Profile

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.