Headlands Technologies LLC Buys New Shares in Unity Software Inc. $U

Headlands Technologies LLC bought a new position in shares of Unity Software Inc. (NYSE:U) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 19,805 shares of the company’s stock, valued at approximately $566,000.

Several other large investors also recently bought and sold shares of the stock. Susquehanna Fundamental Investments LLC raised its position in Unity Software by 1,196.6% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 150,611 shares of the company’s stock valued at $4,304,000 after purchasing an additional 138,995 shares in the last quarter. Moore Capital Management LP acquired a new position in shares of Unity Software during the second quarter worth about $6,837,000. Greenleaf Trust grew its position in shares of Unity Software by 4.6% during the second quarter. Greenleaf Trust now owns 15,837 shares of the company’s stock worth $453,000 after buying an additional 691 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of Unity Software by 731.8% during the second quarter. Hsbc Holdings PLC now owns 194,042 shares of the company’s stock worth $5,591,000 after buying an additional 170,714 shares in the last quarter. Finally, Archer Investment Corp purchased a new stake in shares of Unity Software during the second quarter worth approximately $356,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Unity Software Trading Down 0.5%

U opened at $40.72 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.03 and a current ratio of 2.03. Unity Software Inc. has a one year low of $16.78 and a one year high of $52.15. The company has a market cap of $17.92 billion, a P/E ratio of -29.94, a PEG ratio of 1.79 and a beta of 2.06. The business’s 50-day simple moving average is $36.01 and its 200-day simple moving average is $28.12.

Unity Software (NYSE:U) last posted its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.39. The firm had revenue of $546.47 million during the quarter, compared to analysts’ expectations of $514.72 million. Unity Software had a positive return on equity of 4.64% and a negative net margin of 28.97%.The firm’s revenue was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 earnings per share. As a group, equities research analysts expect that Unity Software Inc. will post 0.55 EPS for the current fiscal year.

Insider Activity at Unity Software

In other news, CFO Jarrod Yahes sold 26,017 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $45.31, for a total transaction of $1,178,830.27. Following the completion of the sale, the chief financial officer owned 678,343 shares in the company, valued at approximately $30,735,721.33. The trade was a 3.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Alexander Blum sold 43,556 shares of the company’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $43.51, for a total transaction of $1,895,121.56. Following the completion of the transaction, the chief operating officer owned 661,855 shares of the company’s stock, valued at approximately $28,797,311.05. The trade was a 6.17% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 109,547 shares of company stock worth $4,884,202 in the last ninety days. Company insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on U shares. Piper Sandler raised their target price on shares of Unity Software from $45.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Oppenheimer boosted their price target on shares of Unity Software from $38.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. UBS Group reissued an “outperform” rating on shares of Unity Software in a research report on Friday, August 7th. Benchmark upgraded shares of Unity Software from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Friday, August 7th. Finally, BTIG Research raised their price objective on shares of Unity Software from $43.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Unity Software currently has an average rating of “Moderate Buy” and a consensus target price of $45.16.

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.